Share this article
BTC
$107,356.81
-
0.70%ETH
$2,496.13
-
0.21%USDT
$1.0004
+
0.02%XRP
$2.2719
+
2.58%BNB
$658.01
+
0.53%SOL
$155.61
+
1.62%USDC
$1.0001
+
0.02%TRX
$0.2800
+
1.51%DOGE
$0.1660
-
1.95%ADA
$0.5769
-
0.50%HYPE
$40.19
+
1.81%BCH
$505.52
+
0.01%WBT
$44.32
-
5.34%SUI
$2.7883
-
4.19%LINK
$13.47
-
2.19%LEO
$9.0452
-
0.12%AVAX
$18.00
-
4.35%XLM
$0.2395
-
0.93%SHIB
$0.0₄1146
-
3.95%LTC
$86.84
-
1.48%Sign Up
- Back to menuCryptocurrencies
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Bridged Stablecoins on Solana Get a Boost With Mercurial Finance Pools
Solana DeFi users can now swap wrapped stables via a Mercurial Finance liquidity pool.

Mercurial Finance has launched a liquidity pool for Wormhole wrapped stablecoin assets, the decentralized exchange announced Friday.
- Mercurial Finance is conceptually similar to Ethereum-native Curve Finance, a decentralized exchange optimized for swapping like-assets such as two different stablecoins. Mercurial is backed by the DeFi Alliance incubator.
- Wormhole has been expanding aggressively to new asset types, and with new functionalities. Earlier in the month, Wormhole v2 launched to provide a bi-directional bridge for a variety of tokens, including non-fungible tokens (NFTs).
- In a tweet today, Mercurial Finance wrote that the pools will help ensure the end-to-end decentralization of stablecoin assets on Solana.
- A press release from Mercurial said users who provided liquidity to the USDC-wUSDC-wUSDT-wDAI cross-chain pool could earn up to 159.5% APY. The yield currently sits at 33%.
- Jump Crypto is a lead contributor to Wormhole, and the firm has also backed and helped to develop the Solana-native oracle service Pyth.
We think this is a very important step in making liquidity work seamlessly across chains in a fully decentralized manner, and we have created a step by step guide for you to do so. https://t.co/ftxrLbVRDT
— Meteora (@MeteoraAG) September 24, 2021
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
UPDATE (Sept. 25, 14:15 UTC): Adds current APY.
Andrew Thurman
Andrew Thurman was a tech reporter at CoinDesk. He formerly worked as a weekend editor at Cointelegraph, a partnership manager at Chainlink and a co-founder of a smart-contract data marketplace startup.

Top Stories