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Curve DAO (CRV) has experienced a bullish uptick following a partnership between Curve Finance with the TON Foundation. According to a press release issued on October 11, the collaboration aims to boost stablecoin trading on the TON blockchain by utilizing Curve's established market-maker solutions.
Curve Finance and the TON Foundation have launched a joint hackathon to advance their Stable Swap Project on the TON blockchain.
A widely followed cryptocurrency analyst and trader is turning bullish on a top Ethereum (ETH) rival while offering his insight on XRP and decentralized finance (DeFi) protocol Curve DAO (CRV).
Bank of Japan Governor Kazuo Ueda's efforts to lift rock-bottom borrowing costs face fresh challenges as a yen rebound and the new political leadership's preference for loose monetary policy raise the hurdle for rate hikes.
Curve Finance proposed the complete removal of TUSD from the crvUSD ecosystem after the US SEC charged TrueCoin with investor fraud. In addition, the DEX proposed reducing the overreliance on PayPal's pyUSD as collateral.
The proposal suggests reducing TUSD's collateral backing to zero, effectively ending its support for crvUSD if approved.
TL;DR Proposal to Remove TUSD: Curve Finance is considering removing TrueUSD (TUSD) from crvUSD's collateral due to regulatory issues and concerns about TUSD's stability. Limiting PYUSD: The proposal also suggests reducing the minting capacity of crvUSD with PayPal's PYUSD from $15 million to $5 million to diversify and secure the collateral portfolio.
Curve Finance's potential removal of TUSD as collateral underscores the DeFi sector's need for robust risk management and regulatory adaptability. The post Curve Finance considers dropping TrueUSD from crvUSD collateral appeared first on Crypto Briefing.
“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.
DEX Curve Finance is assessing a proposal to lessen its dependence on TUSD stablecoin after the US SEC dropped charges against issuers Truecoin and Trusttoken. The regulator alleged that the entities violated securities policies by using risky offshore funds to back 99% of TrueUSD's reserves, raising worries about the crvUSD's stability.
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token.
The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.
The world of DeFi is rapidly evolving, and one of the most anticipated crypto partnerships is the one between the Ton Foundation and Curve Finance.
Story Highlights The live price of the CRV token is . The Curve DAO price could hit $0.56 in 2024. CRV price with a potential surge, may reach $3.36 by 2030. With the price of Bitcoin reclaiming the $62,000 mark, the altcoins are doing well.
TON Foundation announced a partnership with leading DEX Curve Finance to launch a stable swap project on TON. According to the TON Foundation, the collaboration aims to create new opportunities on the TON network by utilizing Curve's CFMM technology for trading Stablecoin.
TON Foundation and Curve Finance partner for a stablecoin swap project, amid growing demand for stablecoins.
TON Foundation partnered with Curve Finance on September 17 to develop a stablecoin swap project on the TON blockchain.
The TON Foundation has teamed up with decentralized exchange Curve Finance to foster a novel TON-based stable swap project. This initiative is set to facilitate enhanced stablecoin trading on the TON blockchain.
TL;DR The TON Foundation and Curve Finance have announced a collaboration to develop an innovative stablecoin swap project.. The project aims to reduce slippage and volatility in stablecoin swaps, improving liquidity and efficiency. The collaboration responds to the growing demand for stablecoins on TON and aims to offer a more efficient trading experience.
TON Foundation is collaborating with decentralized finance (DeFi) protocol Curve to launch and develop a stablecoin swap project on The Open Network (TON) blockchain.
The TON Foundation has announced a partnership with Curve Finance to incubate a new TON-based stable swap project.
The TON Foundation and Curve Finance have announced a new collaboration to incubate a stable swap project on the TON blockchain, according to a Sept. 17 statement shared with CryptoSlate.
The partnership introduces Curve Finance's CFMM technology to TON, optimizing stablecoin swaps with reduced price volatility and slippage.
Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.
