Ahead of the Curve

• At Redefine Tomorrow, a virtual summit focused on DeFi and Web3, Curve Founder and CEO Michael Egorov may have confirmed the rumours surrounding a stablecoin launch.
• When asked in an interview at the conference, “Curve is launching a stablecoin?”, Egorov responded: “Over-collat. That’s all I can say for now.”
• Though no recording of the interview is currently available, and Egorov has yet to reply to requests for confirmations, the amount of attention the de facto announcement is receiving without refutation suggests it may remain valid.
• Curve Finance is one of the most significant entities in all of DeFi. It provides deep liquidity pools responsible for facilitating massive swaps and exchanges between a variety of coin pairings.
• Curve is no stranger to the stablecoin game. With its 3Pool (a pool holding DAI, USDC, and USDT), still holding over $1 billion in stablecoins in the middle of this bear market, Curve Finance is a pillar of the institutional DeFi market.

Cryptocurrency is a nascent industry, and as such mistakes should be expected. If Curve does launch a stablecoin, its experience, posturing and grit earned through Terra’s collapse definitely make it one to keep an eye on.