May 7, 2023
- crvUSD was a highly anticipated stablecoin that went live on Ethereum on May 3, 2023.
- Curve is a stablecoin-focused decentralized exchange that offers low-fee swaps. The total locked value is approximately $5B.
- Users will be able to mint crvUSD against crypto collateral deposited in the protocol. This allows them to access liquidity and still earn yields on their deposits.
Overall, crvUSD is a very interesting stablecoin because it is a token on the Ethereum blockchain that represents the value of a basket of stablecoins held by the Curve Finance protocol. The crvUSD token is also a yield-bearing token that represents a share of the interest generated by the stablecoins held by Curve Finance.
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