The post Curve Considers Dropping TUSD After SEC Charges appeared first on Coinpedia Fintech News
Curve Finance is considering removing TrueUSD (TUSD) from backing its crvUSD stablecoin following SEC charges against TUSDâs issuer, TrueCoin, for securities law violations. The SEC alleges that 99% of TUSDâs reserves were backed by a risky offshore fund, raising concerns about its stability. A proposal on Curveâs governance forum suggests eliminating TUSD exposure and reducing reliance on PayPalâs stablecoin, PYUSD. The changes aim to address regulatory risks and diversify crvUSDâs collateral. CrvUSD is primarily backed by Wrapped Bitcoin (WBTC) and Staked Ether (wstETH).