📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
Curve Finance's new proposal considers removing TUSD as Collateral
BlockBeats News, on September 27th, according to Financefeeds, a new proposal from Curve Finance suggests removing TrueUSD (TUSD) from the collateral token list of the stablecoin Curve USD (crvUSD) on the platform. The proposal also suggests reducing the minting capacity of crvUSD using PayPal Stable Coin PYUSD from $15 million to $5 million. The proposal, submitted by ‘WormholeOracle’, argues that TUSD’s regulatory challenges and concerns about transparency make it a risk asset for supporting crvUSD. They also point out legal issues related to TUSD, including fraud allegations by the US Securities and Exchange Commission (SEC). ‘WormholeOracle’ states, ‘crvUSD is excessively exposed to small stablecoins, especially TUSD, with a dubious history.’ The proposal recommends completely eliminating crvUSD’s exposure to TUSD and emphasizes the need to diversify crvUSD’s collateral base for stability.