USDC is coming to Centaur Swap
In the wake of our most recent partnership with Swapz, some community members are enjoying this opportunity to amass more stable gains. However, we are offering them another opportunity to expand their range of stablecoin holdings through the listing of USDC on both the Ethereum and Polygon deployments of our decentralised exchange, in addition to the creation of a new WHEY farm for it. As with all the other tradeable assets on this platform, a weightage of 100 is going to be assigned to it.
Longtime traders will know that this token is a cornerstone of volatility mitigation, and that its relative stability comes from being pegged to the American dollar at a one-to-one ratio. While the concept of fiat-backed cryptocurrency may appear counterintuitive for the uninitiated, the underlying power of the global reserve currency has made it a popular mode of payment and allowed it to act as an onramp to the world of DeFi.
The introduction of this cryptocurrency dovetails synergistically with the extensive research into the possible options for the creation of native cross-chain bridges being carried out by our development team, and the exploration of potential centralised finance use cases for our mainnet. As the second largest stablecoin by market capitalisation, USDC is commonly employed in transactions across protocols, while simultaneously offering the involatility required to facilitate traditional financial operations.
This update is going to give Centaurians a taste of what is coming with the eventual launch of Centaur Swap V2, which is going to introduce a plethora of new listings and more opportunities for its users to diversify their holdings.
By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. For more information, please visit our website, join our Telegram community discussion group and announcement channel.