crvUSD

crvUSD

Curve Finance's native overcollateralized stablecoin with LLAMMA liquidation mechanism.

Launch Year
2023
Consensus
Proof of Stake
Max Supply
Unlimited (algorithmic supply)
Block Time
~12 seconds
crvUSD
crvUSD
crvUSD
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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crvUSD Price Chart

crvUSD / USD
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Data by CryptoCompare

About crvUSD

crvUSD is Curve Finance's native stablecoin backed by various crypto collaterals including ETH, BTC, and liquid staking tokens. Its key innovation is LLAMMA (Lending-Liquidating AMM Algorithm) — rather than traditional binary liquidations, LLAMMA continuously and gradually converts collateral to stablecoin as collateral price falls, protecting borrowers from sudden liquidation events. crvUSD is tightly integrated with Curve's liquidity pools.

History

2022
Curve Finance announced crvUSD stablecoin development
2023
crvUSD launched on Ethereum mainnet with sfrxETH as first collateral
2023
Additional collateral types (wstETH, WBTC, ETH) added
2024
crvUSD expanded across DeFi integrations and cross-chain deployments

How to Swap crvUSD

Exchanging crvUSD (crvUSD) on SyntheticSwap is straightforward and requires no registration or identity verification. crvUSD is an ERC-20 token built on Ethereum, so you can use MetaMask, Coinbase Wallet, Trust Wallet, or any other Ethereum-compatible wallet to send and receive it. Select crvUSD in the SyntheticSwap interface, choose your destination coin, enter a receiving address, and confirm the rate. Your swap processes automatically — the destination token arrives in your wallet once the Ethereum transaction is confirmed.

How to Store crvUSD

Store crvUSD in MetaMask or any Ethereum-compatible wallet. Use in Curve pools to earn trading fees.

Frequently Asked Questions