Decentralized stablecoin exchange Curve Finance has reportedly made the euro as an available secondary currency alternative, as users demands are surging significantly. 

Specifically, Curve reportedly made a new liquidity pool available, supporting changes between the Stasis Euro (EURS) stablecoin and a synthetic euro, sEUR, across the Synthetix derivatives platform.

At the moment, the majority of the coins available across the stablecoin scene are reportedly pegged to the U.S. dollar, leaving clients based in the EU and Asia no alternatives but to take on some U.S. dollar exposure, regardless of their desire. 

Curve reportedly expected that the new pool can help build up euro markets on the platform, measure the interest level in additional Ether-based currencies alternatives, and ultimately the next development step in Curve establishing foreign exchange markets.

A governance proposal has reportedly been approved to generate rewards using Curve DAO’s token, CRV, for liquidity providers in the pool.

The deployment for the platform’s governance token and contract has reportedly been carried out in a premature manner by a community member in August this year. After the developers ran verifications for the legitimacy of the contracts and parameters, the initiative was reportedly deemed the official release. 

In September 2020, Curve reportedly became one of the 10 members onboarded Huobi’s Global DeFi Alliance.