New Stablecoin Launches on Ethereum Mainnet, Altcoin Price Rises Hard!

Decentralized finance (DeFi) protocol Curve Finance has launched its native stablecoin crvUSD on the Ethereum (ETH) mainnet. After the long-awaited development, there was a rise in the price of CRV.

Curve Finance has launched its decentralized stablecoin project crvUSD on the Ethereum mainnet. on-chain According to information from data provider Etherscan, the team completed a total of five transactions on the crvUSD contract within five minutes. $20 million crvUSD pressed.

Social media made by the team in the statement user interface It is stated that the launch is not yet complete as it is still under development:

As many understand, the distribution of crvUSD smart contracts has taken place. This is not finalized yet because the UI also needs to be deployed. Continue to follow us.

Different from other centralized stablecoins study the principle adopting crvUSD, maintaining dollar stability rather than relying on dollar reserves in liquidity pools MakerDAOof (MKR) DAI similar to stablecoin extreme guaranteeduses a reliable mechanism.

The market’s largest stablecoins Tether (USDT) And from USD Coin (USDC) decentralized stablecoins adopting a different mechanism, in the future an important role for them in the cryptocurrency industry. adoption can find the area. As it will be remembered, the central stablecoin that lost its stability in the dollar TerraUSD (UST) serious about the cryptocurrency industry damages had given.

According to CoinGecko data, with the effect of news flow %11th rising CRV, $0.881 from the level $0.985 reached. CRV, 0 at time of writingat $.953 is being traded.

On the other hand, other leading decentralized finance protocols are also working to issue their native stablecoins. DeFi protocol of Aave (AAVE) Currently Ethereum testnet Goerli working on GHO It has a stablecoin called


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