Curve (CRYPTO:CRV) is up 12% in the past 24 hours, following news that the Securities and Exchange Commission plans to sue Paxos Trust Co. for releasing Binance USD (CRYPTO: BUSD).

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

CRV's price recovery can be attributed to the BUSD story and increased demand for decentralized stablecoins.

Although Curve does not yet have a native stablecoin, there is a lot of speculation surrounding the soon-to-be-released curve USD (crvUSD) token.

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Curve on Monday proposed an upcoming issuance of crvUSD saying an ongoing proposal would be “necessary for crvUSD to operate autonomously.” The proposal would allow stablecoin pools to provide pricing data to external protocols.

"It should be noted that CRV reached 1 billion USD in daily sales.

“Good scripts generate good trading volumes,” Curve Finance tweeted.

Good scripts create good trading volume

— Curve Finance (@CurveFinance) February 13, 2023

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