Curve DAOX announced it will increase the credit limit for YieldBasis's crvUSD to $1 billion.

Odaily Planet Daily reports that Curve DAO has announced it has approved increasing YieldBasis's crvUSD credit line from $300 million to $1 billion. This is the maximum credit line, but it is not immediately allocated; its usage will gradually increase as crvUSD liquidity improves. Curve sets the overall credit line, and YieldBasis must increase the cap on individual YB markets within this limit through its own governance vote.