crvUSD

About

crvUSD (CRVUSD) emerges as a stablecoin within the dynamic ecosystem of Curve Finance, a decentralized finance (DeFi) platform renowned for its innovative use of bonding curves to facilitate deep on-chain liquidity. This stablecoin, launched in May 2023, is pegged to the US Dollar, offering a stable value amidst the volatility of the cryptocurrency market. Unlike traditional stablecoins, crvUSD is a collateralized-debt-position (CDP) stablecoin, meaning it is backed by a variety of crypto-tokenized collaterals.