Cosmos Ecosystem DEX Osmosis Launches a Stableswap

Cosmos-based decentralized exchange Osmosis has launched a stableswap — a protocol for trading stablecoins. It aims to let traders swap large amounts of stablecoins with minimum price impact.

With this launch, Osmosis developers hope to become the main venue where Cosmos users can access and trade a wider range of stablecoins, both centralized and ones backed with crypto tokens. If successful, it could become the Cosmos-equivalent to Ethereum's main stablecoin exchange Curve.

In addition to hosting stablecoin trading, Osmosis also let quasi-pegged assets like liquid staking derivatives be traded with their corresponding native assets with similar efficiency.