On Wednesday afternoon, the highly anticipated crvUSD stablecoin was finally deployed on the Ethereum mainnet.
crvUSD Live On ETH Mainnet
The decentralized finance (DeFi) protocol, Curve Finance, has finally launched its much-awaited native stablecoin on the Etheruem mainnet. The token crvUSD is a collateralized-debt-position (CDP) stablecoin pegged to the US Dollar. The launch of the stablecoin token has had a direct positive impact on the protocol’s governance token. CRV has had a 7% hike and has reached the price tag of $0.97 in just a day.
The news was first hinted at when blockchain data firm Etherscan revealed that a smart contract on the Ethereum blockchain had minted a total of $20 million worth of crvUSD tokens across five transactions in under five minutes. The Curve.Fi Team wallet soon after created a $1 million crvUSD loan using $1.8 million of frxETH, which in turn was issued by another DeFi protocol Frax Finance.
Team Announces Deployment, Addresses Community Conc
We współpracy z: https://cryptodaily.co.uk/2023/05/curve-deploys-native-stablecoin-on-the-ethereum-mainnet
