Cole, a member of the Elixir team of the modular blockchain project, said in a post on X that within 30 minutes of the announcement of deUSD, its USDC trading pair was already the most liquid one-sided stablecoin pair on Curve, with deUSD's total liquidity exceeding $100 million. Yesterday, Elixir announced the launch of a decentralized synthetic dollar deUSD, aiming to challenge Ethena's USDe, which claims to have $1 billion in liquidity to support this newly launched revenue token.