Curve Finance to Remove TrueUSD as Collateral for its Stablecoin

🚀 Stay Ahead with AltcoinDaily.co! 🌐 Curve Finance, a decentralized exchange (DEX) liquidity pool for trading stablecoins, has proposed removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD. In a recent proposal, the platform recommended reducing the backing limit of TUSD to zero. This move aligns with Curve’s broader strategy to mitigate risks associated with…

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Curve Finance considers dropping TUSD from crvUSD backing amid SEC charges

Curve Finance is considering dropping TUSD from crvUSD backing amid SEC charges. The SEC alleges TUSD was mostly backed by a risky offshore fund, not U.S. dollars. Proposed changes include reducing TUSD backing to zero and lowering PYUSD minting. In light of recent regulatory scrutiny, Curve Finance, a prominent decentralized exchange (DEX), is contemplating the…

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Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement

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. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling…

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