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Curve Launches on Etherlink to Power Stablecoin Trading on Tezos
In a significant development in the decentralized finance (DeFi) space, Curve has officially launched its platform on Etherlink, a Tezos Layer 2 rollup. This move is expected to bring high-efficiency stablecoin trading to the Tezos blockchain.
The integration enables low-slippage liquidity pools for pegged assets and cross-currency pairs, further expanding the capabilities of the Tezos ecosystem. As part of its rollout, Curve has joined the Apple Farm Season 2 incentive program, which offers over $3 million in rewards to promote DeFi adoption on Etherlink and accelerate ecosystem growth.
By partnering with Etherlink, Curve will become a crucial component in the Layer 2’s growing decentralized finance (DeFi) infrastructure. The integration also paves the way for new fiat-pegged stablecoins and cross-chain asset strategies within the Tezos ecosystem.
In related news, it has been reported that Circle USD surpassed $368 billion in stablecoin supply in July, with a record-high settlement volume of over $1.5 trillion. This growth is seen as reflecting the increasing use of DeFi protocols across all platforms.
Separately, MetaMask revealed its plans to introduce mmUSD, a USD-pegged stablecoin that leverages Stripe’s infrastructure to bridge traditional finance and DeFi.
Source: crypto-economy.com
