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 for the TUSD Pegkeeper to zero due to concerns around regulation and solvency, while capping the pyUSD Pegkeeper at $5 million. On Tuesday, the SEC announced it had settled charges with Trusttoken and Truecoin over alleged deceptive practices and misleading claims regarding the stablecoin TUSD.
The Pegkeeper’s debt ceiling controls how much crvUSD can be minted into specific pools. This proposal aims to align debt ceilings with the relative importance of each pool. TUSD has faced criticism for its lack of transparency and instability, concerns that have grown since it was accused of misleading investors.

“Ultimately Curve requires a strong diversity of Pegkeepers, but that is another discussion. 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,” Wormhole Oracle’s proposal states.
The proposal suggests cutting off exposure to TUSD entirely to safeguard the stability of crvUSD, while exploring other stablecoin options moving forward. “Other Pegkeeper contenders may include USDM,” the proposal highlights. Without admitting or denying the allegations, TUSD’s issuers reached a settlement with the U.S. securities regulator. As of Sept. 25, TUSD continues to trade at its target $1 value, boasting a market cap of $495 million.

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#CRV TRADES BELOW ITS YEARLY LOW: WHAT COULD THIS TELL US?

If you're looking for an in-depth analysis of CRV, then, you're in the right place.

Here's why.

CRV has already went below its yearly low and many are anticipating a major move from this zone. Our key takeaways from observing and analyzing this type of market structure is the fact that the accumulation is currently in progress for this token. Buyers are testing the key level that it once held and may possibly continue to take another level of support for its major move. Right now, we're patiently observing this key level whether it would continue to test the previous major support or break and stay above it.

Stay wise, trade cautiously.

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Up we go if we do breakout✈️
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#CRV gave minor break of the pattern but now a healthy breakout. Price in the end we can see started consolidating, and now aiming for a breakout. Take the opportunity as per the break and H4 Candle closure.
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should continue squeezing up imo.


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the setup is finally playing out
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Bullish breakout on #CRV
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#CRV providing a nice move.
Not taking any profits yet i think it may continue to push more.



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