Market data as of ,
the same daily snapshot the tracker publishes. Peg drift is the
largest single-day distance from par over the last 30 days, for USD-pegged tokens only.
Verification date not recorded. 1 of the 9 fields shown
is recorded but not yet verified;
3 further tracked fields
are not recorded.
crvUSD (Curve USD) is Curve Finance's decentralized, overcollateralized US-dollar stablecoin, minted by borrowing against crypto collateral.
Backing Overcollateralized by DAO-approved crypto collateral (e.g. ETH, ETH liquid-staking tokens, wrapped Bitcoin).Redemption Borrowers repay crvUSD to reclaim their collateral; there is no fiat redemption and no fixed minimum. Peg support operates through borrow-rate adjustment and Peg Keeper contracts.KYC required No
Use cases
DeFi collateral, Trading, Payments
Mint and redeem
Minted by overcollateralized borrowing against DAO-approved collateral; burned when borrowers repay their debt.
02
Supply by chain
2 chains · $253M total
Chain
Supply
Ethereum
$252M
Arbitrum
$1M
Chains holding at least $1M of this token, from the daily cross-chain compilation.
The total may differ from the market capitalization above, which is a separate
measurement.
03
Contract addresses
9 chains
Chain
Address
Arbitrum One
0x498bf2b1e120fed3ad3d42ea2165e9b73f99c1e5
Base
0x417ac0e078398c154edfadd9ef675d30be60af93
Binance Smart Chain
0xe2fb3f127f5450dee44afe054385d74c392bdef4
Ethereum
0xf939e0a03fb07f59a73314e73794be0e57ac1b4e
Fraxtal
0xb102f7efa0d5de071a8d37b3548e1c7cb148caf3
Optimistic Ethereum
0xc52d7f23a2e460248db6ee192cb23dd12bddcbf6
Polygon PoS
0xc4ce1d6f5d98d65ee25cf85e9f2e9dcfee6cb5d6
Taiko
0xc8f4518ed4bab9a972808a493107926ce8237068
xDai
0xabef652195f98a91e490f047a5006b71c85f058d
Addresses as recorded for this token. Verify against the
issuer's own published address before sending funds.
## Overview
crvUSD is a US-dollar-pegged stablecoin issued by Curve Finance. It is created through overcollateralized borrowing: users lock DAO-approved crypto collateral and mint crvUSD against it, rather than depositing fiat with a central issuer.
## How It Works
crvUSD uses a lending-and-liquidation design known as LLAMMA, which liquidates collateral gradually across a price range instead of at a single liquidation price. Peg stability is managed through an automatic borrow-rate mechanism and Peg Keeper contracts that expand or contract supply as the market price moves around one dollar.
## Reserve Backing
crvUSD is not backed by fiat reserves. It is overcollateralized by crypto assets approved through Curve DAO governance, which have included ETH, ETH liquid-staking tokens, and wrapped Bitcoin. Because the backing is on-chain collateral rather than off-chain reserves, there is no fiat reserve attestation.
## Supported Networks
crvUSD is available on Ethereum and a range of additional networks, with minting anchored on Ethereum.