Singapore, Singapore / April 27 / – The TUSD-am3CRV pool was launched on Curve’s Polygon network with the Gauge feature – which only have seven pools on Curve’s Polygon network – to distribute CRV rewards on April 1st. The TUSD-am3CRV pool is also supported on Curve’s Ethereum network.
As an automated market maker in DeFi offering stablecoin swap services, Curve’s Total Value Locked (TVL) has reached $20.45 billion, ranking first among all decentralized exchanges (DEXs). Compared to other trading protocols, Curve offers more carefully selected trading pairs with exceptionally low slippage and processing fees for better liquidity. Swap fees paid by traders also fund rewards from liquidity providers (LP).
Additionally, Curve’s measurement system is a focal point of many liquidity pools. LPs from metered pools may receive a portion of the applicable processing fees and receive an additional CRV payout.
(Data source: DeFiLlama, April 7, 2022)
This is not the first time TUSD has integrated protocols on Polygon. Last November, TUSD launched on Balancer Polygon with a stablecoin pool to offer TUSD and BAL payouts to liquidity providers. The TVL of this pool was $116.9 million. TrueUSD on Polygon has over 31,600 transfers and the total supply exceeds TUSD 25.61 million.
The relationship between TUSD and Curve is long-standing. In the Ethereum ecosystem, the TVL in the TUSD-3CRV pool was $80 million, higher than most other pools. Many leading applications have deployed their Polygon version due to Polygon’s high compatibility with Ethereum, its performance and cost advantages, and frequent small transactions.
The acceptance of this proposal shows the community’s appreciation of the value of TUSD and marks a significant step forward in TUSD’s journey to multi-chain deployment. In response, some community members noted that stablecoins are central to DeFi and that more high-quality stablecoins like TUSD for lending protocols and DEXs are needed to diversify their markets.
(Data source: Curve, April 7, 2022)
“As a low-volatility crypto asset, TUSD promotes transparency and stability across ecosystems and diversifies high-yield investment options for TUSD holders through partnerships with financial institutions, including exchanges and banks,” said Annabel, TUSD’s Marketing and BD Director.
TUSD is currently live on major public chains like Ethereum, TRON, Avalanche, BNB Chain, Fantom and Polygon. TUSD will evolve into a multi-dimensional, secure and convenient digital asset bridge to bridge the gap between the digital and physical worlds.
About TUSD
TrueUSD (TUSD) is the first independently verified digital asset pegged 1:1 to US Dollars. This stablecoin uses multiple banks, escrow accounts, and third-party verification to reduce counterparty risk, provide transparency, and prevent fraud.
TUSD offers liquidity on dozens of leading exchanges, DeFi protocols and is supported by major OTC desks. TUSD also supports near-instant minting and redemption speeds via PrimeTrust’s Silvergate Exchange Network (SEN) and PrimeX.
media contact
Annabel G
Marketing and BD Director of TrueUSD
E-mail: [email protected]
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