đ¨ Curve Finance Considers Dropping TUSD Amid SEC Drama! đ¨
Curve Finance, the decentralized exchange (DEX), is mulling over removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD. This comes after the SEC charged TUSDâs issuer, TrueCoin, with securities law violations. đŹ
A proposal on Curveâs forum suggests reducing crvUSDâs TUSD backing to zero due to regulatory risks. The proposal also recommends cutting down the crvUSD mintable with PayPalâs stablecoin, PYUSD, from $15M to $5M.
What do you think about these changes? Drop your thoughts in the comments! đŹ
#CryptoNews #CurveFinance #TUSD