News Formal

Turbos Finance Introduces Smart Routing for Stablecoins on Sui

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

.Turbos_finance, a decentralized exchange built on the newly live layer 1 SuiNetwork blockchain, has started offering smart-routing for stablecoin swaps, establishing multiple USDC variant liquidity pools. LedesmaLyllah writes.

layer 1 Sui blockchain, is now offering smart-routing for stablecoin swaps on the network, establishing multiple USDC variant liquidity pools.

The launch will allow customers to seamlessly trade any variant of bridged USDC assets wrapped by the Wormhole bridge against native Sui assets, the company said in a press release. Currently, users have to wrap their USDC on the source’s network in order to access the stablecoin on Sui.are used to move assets between blockchains that are incompatible with each other via a bridge.

Turbos is offering a smart routing system on Sui to offer multiple USDC variant liquidity pools, the press release said. “This advancement unlocks the untapped potential of all USDC variants on Sui, irrespective of their origin networks,” said the release., has a $2 billion valuation and was founded by ex-Meta Platforms employees. Sui has more than 200 projects in its directory and another 100-odd projects vying to build on its network.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Atomic Wallet Hack: Decentralized Finance Wallet Breached, Millions Lost in Attack – Bitcoin NewsThe AtomicWallet team announced they are looking into the issue, while onchain investigators like Zachxbt have also been digging deeper. Hack Exploit
Source: BTCTN - 🏆 531. / 51 Read more »

Russia’s Rosbank Launches Crypto Payments Solution for Cross-Border Settlements – Finance Bitcoin NewsRosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements.
Source: BTCTN - 🏆 531. / 51 Read more »

Turkish lira slips despite appointment of well-regarded finance ministerTurkey's lira slid almost 1% on Monday in thin trading during the Asian day to weaken past 21 per dollar, in a shaky initial reaction to the appointment of highly-regarded Mehmet Simsek as finance minister.
Source: Reuters - 🏆 2. / 97 Read more »