Curve Finance, the new stablecoin crvUSDof Ethereumannounced on its network.
After the CFTC’s crackdown on BUSD and several depeg incidents by USDC, new stablecoins are starting to gain traction in the crypto industry. TUSD and USDD have attracted a lot of investors recently.
Decentralized exchange using automated market maker Curve Finance He stated that his stablecoin crvUSD is placed in smart contracts. Project team, crvUSDConfirmed that . is launching on the Ethereum mainnet.
Curve Finance’s Stablecoin Is Online
The decentralized stablecoin crvUSD pegged to the US dollar uses a similar structure to DAI. Over-collateralization can be made with supporting crypto assets that exceed the value of the given crvUSD.
Ethereumwho made a statement about the stablecoin he released on his network Curve Finance, “As many understand, the distribution of crvUSD smart contracts has taken place. This is not finalized yet as the UI also needs to be deployed. Stay tuned.”said.
How much crvUSD is in circulation? Apparently that's not such an easy question because totalSupply of crvUSD includes tokens which are not released to anyone yet (that rather shows the maximum cap).
Instead, check the total_debt here https://t.co/0f7xYCH9Fh
— Curve Finance (@CurveFinance) May 4, 2023
Curve Finance‘s developers, crvUSD It used smart contracts to launch and launch . The stablecoin, which emerged with these contracts, attracted the intense interest of the crypto community.
