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Lending protocol Aave has frozen stablecoin trading and set the loan-to-value (LTV) ratio to zero in response to recent price volatility on stablecoins after USD Coin (USDC) depegged on March 11.
According to Aave’s governance forum, the trading freeze follows an analysis from decentralized finance risk management company Gauntlet Network, recommending that all v2 and v3 markets should be temporarily paused.
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