“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

• A new proposal on Curve Finance suggests removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD, due to concerns over TUSD's stability and regulatory issues, reducing its backing limit to zero.
• The proposal also recommends decreasing the minting capacity of crvUSD with PayPal's PYUSD from $15 million to $5 million, as part of a strategy to diversify collateral and reduce reliance on potentially risky assets.
• The SEC earlier charged TrueCoin, the original issuer of TUSD, with defrauding investors by not fully backing TUSD with U.S. dollars, leading to a settlement involving fines and the return of profits.

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