Curve CRV/USD jumped 12% in the last 24 hours after it was revealed that the Securities and Exchange Commission plans to sue Paxos Trust Co. to exhibit Binance USD USD/USD.

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

The rally CRV’s The price is due to the BUSD saga and demand for decentralized stablecoins increased.

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

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Curve proposed crvUSD’s upcoming issuance on Monday, stating an ongoing proposal is “required for crvUSD to function autonomously.” The proposal would allow stablecoin pools to provide price data to external protocols.

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

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

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