Aave discontinues stablecoin trading on its V3 deployment- Here’s why

Aave discontinues stablecoin trading on its V3 deployment- Here’s why


AMB Crypto
2023-03-12 22:30:37

Aave has frozen stablecoin trading on the V3 Avalanche deployment. AAVE is due for a price decline as selling pressure exceeds buying pressure. In response to the recent price volatility on stablecoins, particularly after the USD Coin (USDC) depegged on 11 March, lending protocol Aave, has suspended trading of the USDC, USDT, DAI, FRAX, and