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Stablecoins: Terra(UST) reveals liquidity plans; USD Coin(USDC), Tether(USDT) have a lot going on
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While Tether [USDT] and USD Coin [USDC] are thought to be the go-to stablecoins in the crypto ecosystem, another coin wants to get to the top.
On 30 November, the official account for TerraUSD [UST] tweeted about a proposal to amp up the stablecoin’s liquidity on Ethereum, using a six month long plan.
In the official document, a user by the name of “ezaan” wrote,
“The ultimate goal is to have UST become the go-to interchain stablecoin.”
They added,
“This process begins with deep UST liquidity on Curve Finance, Ethereum’s preferred AMM for stableswaps, and continues with finding the best use cases for UST on Ethereum like OlympusDAO, Rari Fuse pools, Convex Finance, and Tokemak to just name a few.”
Using DeFi protocols, the idea is to swap
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