“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.
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Shaurya Malwa
https://www.coindesk.com/markets/2024/09/26/curve-finance-mulls-removing-trueusd-as-collateral-for-stablecoin-curve-usd/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-09-26 09:23:36
