CURVE’S STABLECOIN TO SUPPORT LIDO’S STETH

Summary from the TLDR Crypto newsletter

Curve holders have voted to include Lido's liquid staking token, stETH, as a collateral alternative for Curve's new stablecoin, crvUSD. This development will increase the crvUSD debt ceiling by 15 times to $150M. If this new limit is reached, crvUSD would become the 13th largest stablecoin. The addition of stETH will allow more liquid staking token holders to utilize their position in DeFi with crvUSD. The vote also increases the limit on PegKeepers pools, a system that helps maintain crvUSD's stable value.