crvUSD
crvUSD is a fully decentralized, censorship-resistant, and un-freezable USD stablecoin created by Curve. Unlike centralized stablecoins like USDC or USDT, which are mostly backed by t-bills, crvUSD is fully backed by crypto assets and is controlled by smart contracts and the Curve DAO. Its home is Ethereum, but crvUSD can be bridged to most EVM-compatible chains.
crvUSD can be obtained in two ways: by borrowing it using crypto assets like ETH or BTC as collateral (which lets you access liquidity without selling your crypto) or by simply buying it.
Current crvUSD Stats
Current crvUSD stats directly fetched from
EthereumFAQ
What can I do with crvUSD?
You can do many things with crvUSD: from simply holding it to earning yield or spending it for real-life expenses.
Can I earn yield with crvUSD?
Yes, you can earn rewards with your crvUSD on Curve in a few ways:
- Deposit into scrvUSD: Earn yield with the savings version of crvUSD
- Supply it to a lending market: Provide your crvUSD to borrowers and earn interest on it
- Provide liquidity to a crvUSD trading pool: Add crvUSD to a liquidity pool and earn trading fees
What chains is crvUSD available on?
crvUSD is primarily minted on Ethereum, but it can be bridged and used on many other chains. See crvUSD Chain Deployment Addresses for a full list.