Curve launches forex trading feature in the form of stablecoins, with the first pilot pool being Swiss Franc against US Dollar
Foresight News reported that Curve has officially launched its FX (foreign exchange) trading feature (in the form of stablecoins), with the first pilot pool being Swiss Franc to US Dollar (CHF<->USD), now live on Ethereum. This pool uses the ZCHF/crvUSD trading pair and currently offers up to 100% annualized yield in CRV token incentives. ZCHF is a Swiss Franc stablecoin issued by the Frankencoin project. Curve stated that its latest algorithm is built on FXSwap, aiming to provide extremely efficient and deep liquidity for low-volatility assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The probability of "Bitcoin reaching $100,000 again this year" on Polymarket is currently at 50%
Digital Asset completes $50 million financing, with participation from BNY Mellon, Nasdaq, and others
U.S. stock market opens, Nasdaq up 0.31%
Trending news
MoreCrypto prices
More
