Why Curve (CRV) Is Up 12% Today

curve crv/usd gained 12% in the last 24 hours, following the news that Securities and Exchange Commission plan to sue Paxos Trust Company For issuing binance usd bus/usd,

What happened: At the time of writing, Curve was trading at $1.04.

in rally CRV’s The value can be attributed to the BUSD saga, which has led to an increase in demand for a decentralized stablecoin.

Although Curve does not yet have a native stablecoin, there is a lot of anticipation regarding their soon-to-be-released Curve USD (crvUSD) token.

See more, Top Indian Apps That Offer Bitcoin, NFT Rewards

Crv proposed an upcoming issuance of crvUSD on Monday, stating that the ongoing offering would “require crvUSD to function autonomously.” The proposal would allow stablecoin pools to provide pricing data to external protocols.

“It should be noted that CRV reached $1 billion in daily volume.

“Good drama creates good trading volume,” tweeted Curve Finance.

Read further, Bitcoin, Ethereum, Dogecoin Get Butterflies Ahead of Valentine’s Day Inflation Data: Analyst Warns Apex Crypto Could Drop to $18.5K

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