Curve DAO's native token, CRV, has experienced a significant surge of over 138% this week, reaching price levels not seen since 2023. This rally is correlated with the launch of the yield-bearing stablecoin scrvUSD on the Spectra ecosystem. The scrvUSD stablecoin has already attracted $14.5 million in deposits since its launch on December 3. This addition is part of Curve Finance's strategy to enhance the scalability and adoption of its crvUSD stablecoin and expand its DeFi offerings. The surge in CRV's price aligns with the broader market optimism following Donald Trump's victory in the U.S. presidential election, with expectations of pro-crypto policies under the new administration. CRV has broken above a descending trendline and is currently trading at $1.14, with potential for a retest of its July 2022 high of $1.58. However, caution is advised due to the token's overbought status and the potential for a short-term price pullback. Curve Finance, which has generated $37 million in annualized revenue, continues to innovate in the DeFi space and solidify its position in the evolving landscape.



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