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DEX Curve Finance Mulls Removing TrueUSD (TUSD) as Collateral for Stablecoin Curve USD (crvUSD)

Altszn.com by Altszn.com
September 26, 2024
in Blockchain, Crypto, DeFi, Web3
0
DEX Curve Finance Mulls Removing TrueUSD (TUSD) as Collateral for Stablecoin Curve USD (crvUSD)
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“WormholeOracle” proposed reducing the upper limit on TUSD backing for crvUSD to zero, meaning that TUSD tokens can no longer underpin crvUSD if the proposal is passed. They also recommended reducing the minting capacity of crvUSD with PayPal’s stablecoin, PYUSD, from $15 million to $5 million, aiming for a more balanced reliance on different collateral assets.



Read More: www.coindesk.com

Tags: CollateralcrvUSDcurveDeFiDEXfinanceMullsremovingstablecoinTrueUSDTUSDUSD
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