Curve (CRV) surged because of “hinting” about stablecoin crvUSD

On February 14, Curve Finance posted a proposal to update the protocol, which would support stablecoin pools with built-in price reference oracle, support interaction with other DeFi projects.

Curve also implied that this update was necessary for crvUSD to operate autonomously. Many investors see this as a signal that Curve’s stablecoin is in the final stages of development and is about to be released. CRV was quick to react to the news, spiking by over 12% (for the past 24 hours).