Large Depositor Launches $16.5M Uniswap Pool for ctStableUSDT-USDT Pair

Large Depositor Launches $16.5M Uniswap Pool for ctStableUSDT-USDT Pair

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.

USDT
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Fact Check
The assessment is based on strong evidence from high-authority, primary sources. The most critical piece of evidence is an Etherscan page that lists the on-chain transactions for the `ctStableUSDT` token. The summary for this source explicitly identifies it as the location to verify the specific transaction that created the liquidity pool. As a direct record from the Ethereum blockchain, Etherscan data is the most credible evidence for a claim of this nature.The existence of the `ctStableUSDT` token is independently verified by a separate Etherscan page for its contract address. Other sources are either less relevant—showing different transactions such as a deposit of USDT—or are low-authority search results that do not provide new information. Crucially, none of the provided sources contradict the statement's core claims about the token pair, the platform (Uniswap), or the initial value ($16.5 million).The combination of high-authority, non-contradictory primary source data that directly supports the verifiability of the claim makes the statement highly probable. The confidence level is high because the evidence is rooted in immutable on-chain records.
Summary

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.

Terms & Concepts
  • Liquidity Pool: A collection of crypto assets locked in a smart contract to facilitate decentralized trading, lending, and other operations.
  • USDT: A stablecoin pegged to the US dollar, used widely for trading and as a store of value in crypto markets.
  • Premium: The amount by which the market price of an asset exceeds its reference or pegged value.