
On-chain data shows a significant early Stable depositor has created a $13.9M Uniswap liquidity pool, with ctStableUSDT trading at a 14% premium ahead of second-phase deposits.
On-chain data indicates a major early Stable depositor has launched a ctStableUSDT-USDT pool on Uniswap containing $13.9 million in liquidity. The deposit certificate token is currently valued at 1.14 USDT, reflecting a 14% premium over its peg. Stable’s first-phase pre-deposit campaign reached an $825 million cap across 274 addresses, selling out rapidly. The project’s second-phase pre-deposit campaign is scheduled to begin next week.