Decentralized stablecoin exchange Curve Finance has added the euro equally a secondary currency choice following demand from users.

As appear in a tweet on Sunday, Curve now has a liquidity pool for switching between the Stasis Euro (EURS) stablecoin and a constructed euro, sEUR, on the Synthetix derivatives platform.

Currently, the stablecoin market place is dominated by currencies pegged to the U.Due south. dollar, meaning that European and Asian users often have no pick simply to take on some U.South. dollar exposure whether they wish to or not.

Curve hopes that the new pool will develop euro markets on the platform, gauge interest in further currency options on Ethereum, and ultimately correspond a pace toward Curve opening foreign exchange markets.

A governance proposal has been passed to enable Curve DAO'due south token, CRV, rewards for liquidity providers in the pool. However, this did not seem to have been enacted at the time of press.

The platform'due south governance token and contract was deployed prematurely by a customs fellow member in August. After the developers frantically verified that the contracts and parameters were legitimate, information technology was decided to adopt the deployment every bit the official launch.

The post-obit calendar month, Curve was one of 10 new members joining Huobi'due south Global DeFi Alliance.

According to recent figures from Dune Analytics, Curve is the fourth-largest DEX past book, posting effectually 10% of the total market share. The largest was Uniswap, with almost 60%. Bend is an automated market maker specializing in swaps betwixt similar assets that are not expected to diverge in value. Many Curve pools characteristic various iterations of U.S. dollar stablecoins on Ethereum, but the substitution too supports swapping between different versions of wrapped assets, including Bitcoin (BTC).