Market cap
$214.06M
-0.01 %
Volume (24h)
$6.5M
-0.01 %
Circulating supply
114,807,535 CRVUSD
Total supply
2,080,809,203 CRVUSD
Max. supply
760,000,000 CRVUSD
crvUSD (CRVUSD)
$ 1.00
-0.01 %
Main info
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Analytics
Key data
updated $0Market cap$214.06M
Volume 24h$6.5M
Circulating supply114.81M15% of max 760M
All-time high$1.11-10% from peak · 2024-06-12
crvUSD (ticker: CRVUSD) is a decentralized overcollateralized stablecoin issued by Curve, one of the biggest DeFi exchanges. In simple terms, it's a crypto token designed to hold its value close to one US dollar, backed by collateral locked in smart contracts rather than by a bank account. It lives entirely on the Ethereum blockchain and is managed by code, not by a company.
Frequently asked questions
What is crvUSD and how is it different from other stablecoins?
crvUSD is a decentralized stablecoin created by Curve, built to stay pegged to the US dollar using crypto collateral. Unlike USDT or USDC, which are issued by companies holding dollars in bank accounts, crvUSD is backed by on-chain assets and governed by smart contracts. That makes it more transparent but also dependent on the health of its collateral.
How does crvUSD work technically?
crvUSD uses a mechanism called LLAMMA, where your collateral is gradually converted between the collateral asset and crvUSD as prices move, instead of triggering a hard liquidation. This soft-liquidation approach reduces sudden losses for borrowers. Everything runs on Ethereum smart contracts that anyone can inspect.
How is crvUSD issued and is it capped?
crvUSD is minted when users open a loan position by depositing approved collateral into Curve's lending system — you borrow crvUSD against what you lock in. When the loan is repaid, the minted crvUSD is burned, so supply expands and contracts with actual demand. There is no fixed maximum supply.
How can I store and use crvUSD?
Since crvUSD is an ERC-20 token on Ethereum, any wallet that supports Ethereum works, such as MetaMask, Rabby, or a hardware wallet. You can use it for trading, providing liquidity on Curve, or as collateral in DeFi protocols. Always double-check the contract address before interacting with it.