Elixir Launches deUSD With Over $100 Million in Total Liquidity on Curve

Cole, a member of the Elixir team at the modular blockchain project, said in a post on X that within 30 minutes of deUSD's announcement, its USDC pair was already the most liquid unilateral stablecoin pair on Curve, with total liquidity for deUSD exceeding $100 million. In yesterday's news, Elixir announced the launch of deUSD, a decentralized synthetic dollar designed to challenge Ethena's USDe, with Elixir claiming to have $1 billion in liquidity to back the newly launched revenue token.