#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Curve Finance's new proposal considers removing TUSD as Collateral
BlockBeats News, on September 27th, according to Financefeeds, a new proposal from Curve Finance suggests removing TrueUSD (TUSD) from the collateral token list of the stablecoin Curve USD (crvUSD) on the platform. The proposal also suggests reducing the minting capacity of crvUSD using PayPal Stable Coin PYUSD from $15 million to $5 million. The proposal, submitted by 'WormholeOracle', argues that TUSD's regulatory challenges and concerns about transparency make it a risk asset for supporting crvUSD. They also point out legal issues related to TUSD, including fraud allegations by the US Securities and Exchange Commission (SEC). 'WormholeOracle' states, 'crvUSD is excessively exposed to small stablecoins, especially TUSD, with a dubious history.' The proposal recommends completely eliminating crvUSD's exposure to TUSD and emphasizes the need to diversify crvUSD's collateral base for stability.