crvUSD

crvUSD is a US Dollar-pegged stablecoin issued by the Curve Finance protocol, designed to let users borrow a stable digital currency against collateral they already own. It belongs to the collateralized-debt-position category, meaning users lock up assets and draw crvUSD against them rather than exchanging one token for another. The intended audience is DeFi participants who want dollar-denominated liquidity without disposing of their collateral.

Users deposit approved collateral into Curve's lending system and mint crvUSD up to a permitted loan-to-value ratio; if the collateral value falls, a mechanism called LLAMMA continuously rebalances the position to manage liquidation risk gradually rather than abruptly. The token itself operates across multiple networks including Ethereum, Arbitrum, Polygon, Gnosis Chain, and BNB Chain, so minted crvUSD can move and be used in DeFi applications on any of those ecosystems. No consensus algorithm is recorded for this asset because it is an application-layer token rather than a base-layer blockchain.

The data provided does not include a specific fee stream or revenue figure for crvUSD, so fee-based measures are not available on this page. What the data does show is a circulating supply of approximately 218.6 million tokens against a broader protocol-tracked stablecoin supply figure of approximately 248.4 million as of the point-in-time reading, and a 30-day supply change of roughly 9.42 percent. Dilution overhang is recorded at 0.0 percent and the fully diluted value equals the market capitalisation, reflecting that there is no fixed maximum supply cap and all currently issued tokens are already in circulation.