This DeFi Platform’s Token Rises Amid Increasing Regulatory Pressure

Amid increasing pressures on centralized cryptocurrency formations, there has been a notable increase in the native token of decentralized finance (DeFi) platform Curve Finance (CRV).

U.S. regulatory agencies have increased their pressure on stock markets in recent days. to decentralized alternatives directed. In line with this increasing demand for liquidity pools, CRV, the native token of DeFi platform Curve, has been 12.6% rise lived.

On the other hand, although Curve does not yet have a stablecoin of its own, it is known that the work on this issue has accelerated in the last period. eagerly awaited Curve USD (crvUSD) The release date is expected to be announced soon.

Tether (USDT), USDC And DAI According to analysts who commented on the imbalance in liquidity pools, although the sanctions of regulatory institutions are specific to BUSD for now, investors started to think about which project would be next. Tether’s percentage share in 3 pools in two days Decreased from 24% to 17.5% last May 2022 Terra’s (LUNA) reached a level seen before its collapse. In contrast, USDC’s share from 38% to 41%rose to . Dune AnalyticsDAI’s share rose slightly, according to data from 40%rose to .

% in the last 24 hours accompanied by the latest news according to CoinGecko data12.6 CRV, which has shown a rising performance, $0.946 from the level for $1.08 reached. CRV, which had a small retreat at the time of writing the news, from $1.03 is being traded.

Kraken stopping staking services and finally Binance USD (BUSD) issuer PaxosThe decision to stop the production of the stablecoin in question pushed users with investments in centralized systems to different searches. Accordingly, in the last 24 hours from Binance in the last 24 hours More than $800 million output it happened.

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