Curve releases the code and white paper for the stablecoin crvUSD

ChainCatcher news, according to The Block, the developers of the decentralized trading platform Curve Finance have released the official code and whitepaper for the upcoming decentralized stablecoin "crvUSD."

The whitepaper written by Curve Finance founder Michael Egorov shows that crvUSD has a mechanism similar to MakerDAO's stablecoin DAI, which will be over-collateralized by crypto assets. (The Block)