DEX Curve Finance Mulls Removing TrueUSD (TUSD) as Collateral for Stablecoin Curve USD (crvUSD)
A recent proposal by “WormholeOracle” suggests significant changes to the upper limit on TUSD backing for crvUSD. If passed, this proposal would eliminate the ability for TUSD tokens to support crvUSD. Additionally, the proposal includes a recommendation to decrease the minting capacity of crvUSD with PYUSD, PayPal’s stablecoin, from $15 million to $5 million.
The intention behind these proposed changes is to create a more balanced reliance on various collateral assets within the crvUSD system. By decreasing the reliance on TUSD and adjusting the minting capacity with PYUSD, the system aims to enhance stability and mitigate risk.
Overall, these proposed changes seek to optimize the performance and security of the crvUSD system, ensuring a more sustainable and robust ecosystem for all stakeholders involved.
