crvUSD

crvUSD is a US Dollar-pegged stablecoin issued by the Curve Finance protocol, designed to maintain a stable value of approximately one dollar at all times. It is a collateralized-debt-position, or CDP, stablecoin, meaning users lock up accepted collateral assets in order to mint crvUSD against them. It is intended for people who want to access dollar-denominated liquidity without selling their collateral outright.

Users deposit collateral into Curve's lending system, which then allows them to borrow crvUSD up to a permitted ratio against that collateral. Curve's LLAMMA mechanism continuously and algorithmically rebalances collateral positions to manage liquidation risk, rather than relying on a single hard liquidation price. crvUSD exists on Ethereum as its primary chain and is also present in the Arbitrum, Polygon, BNB Chain, and Gnosis Chain ecosystems.

The data provided does not include a direct fee-revenue figure for crvUSD, so no fee-based measures such as fee yield or protocol earnings are available on this page. The protocol's revenue model in CDP stablecoins typically derives from interest charged on borrowed positions, but none of those figures appear in the stored data here. The circulating supply stands at roughly 303,679,007.82 units on a point-in-time basis, and supply has grown by approximately 32.93 percent over the trailing 30 days, which reflects the pace at which new crvUSD is being minted against collateral.