Curve Finance, a decentralized exchange (DEX), is contemplating removing TrueUSD (TUSD) as collateral for Curve Stablecoin (crvUSD) due to regulatory issues. Following US regulators charging TrueCoin, TUSD's issuer, with securities law violations, a proposal was made to eliminate TUSD backing for crvUSD. The proposal also suggested reducing crvUSD mintable with PYUSD. The SEC settled charges against TrueCoin and TrustToken for fraudulent sales involving TUSD. The complaint alleges that a significant portion of TUSD's backing was invested in a risky offshore fund. Curve's crvUSD is backed by various cryptocurrencies, with WBTC being the largest. The proposal aims to diversify PegKeepers for crvUSD. This move comes amidst concerns over TUSD's track record and recent SEC charges. Justin Sun's SUI-farming, PEPE's surge, and 3AC's oyster philosophy are also highlighted in Asia Express magazine. Read more AI-generated news on: https://app.chaingpt.org/news