Curve, an on-chain Ethereum liquidity pool, could be in the plans of making its own stablecoin. Curve Finance is a widely popular platform used for stablecoin trading. However, a tweet from SCB 10X, a holding company of the SCBX group, reveals that a stablecoin from Curve could be imminent.
Curve Finance allows for the exchange of ERC-20 tokens from different ecosystems with low fees and low slippage.
If true, it will be the second major stablecoin released in a short period of time. AAVE also announced the launch of its stablecoin, GHO.
The Information So Far
In an interview with Kelvin Koh, co-founder of the Spartan Group, the CEO of Curve, Michael Egorov, hinted at the launch of a stablecoin. He also revealed in the interview that the token would be over-collateralized. However, he did not reveal any more information about the project.
Mrblocktw, a member of Curve Finance, also shared an image that displays a project with the name “curve-stablecoin”. Another Curve discord member revealed that the stablecoin will be first released on their Github.
