Curve DAO has approved increasing YieldBasis's crvUSD credit limit to $1 billion.

BlockBeats News, December 12th, Curve DAO announced that it has approved the increase of YieldBasis's crvUSD credit line from $300 million to $1 billion. While this is the maximum credit line, it is not immediately allocated, and its usage will gradually expand as the crvUSD liquidity increases. Curve has set the overall credit line, and YieldBasis must go through its own governance vote to raise the individual market cap within that line.