Curve Finance Intends To Issue Stablecoin

Curve Finance could be the next DeFi project planning to launch a decentralized stablecoin, as revealed by a crypto event organizer.

SCB 10X – a Thai investment company and the organizer of the Redefine Tomorrow 2022 event – posted a tweet revealing that Curve Finance founder Michael Egorov is planning to launch a stablecoin at the event.

“Over-collat” here stands for Over-collateralized, meaning the stablecoin will be backed by a larger amount of crypto assets than the total stablecoin minted. DAI is the most representative of this stablecoin.

Redefine Tomorrow 2022 is an ongoing virtual reality event organized by SCB 10X. However, there is no further information on the event, and Egorov did not confirm his comment when asked.

In addition, the crypto community on Twitter is spreading proof of a stablecoin on Curve, a screenshot of the interface code of an unconfirmed protocol.

Recently, the popular lending protocol on Ethereum, Aave, proposed to build the stablecoin GHO and is still waiting for a vote from the DAO. It can be said that DeFi projects have also started their race with their stablecoins.

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