.CurveFinance seemed to tease the upcoming issuance of Curve USD on Monday, stating an ongoing proposal would be “required for crvUSD to function autonomously.” By shauryamalwa.
The token of stablecoin swapping service Curve gained 11% in the past 24 hours amid a broader market demand for decentralized stablecoins.
Such a development likely served as a catalyst for traders as demand for CRV gained and the tokens saw over $770 million in trading volume on crypto exchanges. As per a WSJ report on Sunday, the U.S. Securities and Exchange Commission Sunday alleges that BUSD is unregistered security. The news came days after CoinDesk previously reported Paxos is under investigation by the New York Department of Financial Services, though the scope of NYDFS' investigation is unclear., with traders likely looking for decentralized counterparts which will be less likely to face legal consequences in the future.
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