Curve (crvUSD)
Stablecoin · Decentralized CDP · crvUSD
NetworkStablecoinDecentralized CDPYield-Bearing2 coinsAudited
Curve Finance issues crvUSD and savings crvUSD (scrvUSD), an overcollateralized dollar using the LLAMMA soft-liquidation AMM.
Soft-liquidation CDP dollar.
Circulating supply
$1.2M
+0.0% 24h
Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Curve (crvUSD) and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Circle (USDC) | Largest regulated fiat-backed dollar. | Both issue a USD-pegged stablecoin redeemable against reserves. | USDC is the deepest, most widely integrated regulated fiat-backed dollar with monthly Deloitte attestations and a public-company issuer. |
| 2 | Sky | Stablecoins aren't built to sit still. | Both in Stablecoin (Decentralized CDP). | Protocol-set Sky Savings Rate, instant no-lockup yield via sUSDS, and the Sky Agent Network for allocator-driven deployment. |
| 3 | Inverse Finance | Decentralized CDP issuer of DOLA. | Both in Stablecoin (Decentralized CDP). | DOLA CDP stack plus FiRM fixed-rate borrowing — distinct from Aave-style variable-rate money markets. |
| 4 | Liquity | Immutable, governance-minimized CDP dollar. | Both in Stablecoin (Decentralized CDP). | Fully immutable, governance-minimized CDP — LUSD V1 has zero ongoing interest; BOLD V2 adds user-set rates and wstETH/rETH collateral. |
| 5 | Reserve Protocol | Open platform for asset-backed RTokens. | Both in Stablecoin (Decentralized CDP). | Open RToken platform: anyone can deploy fully customized asset-backed stablecoins with arbitrary collateral baskets and yield distribution. |
| 6 | Lista DAO | BNB Chain-native CDP with liquid staking. | Both in Stablecoin (Decentralized CDP). | BNB-native CDP integrating liquid staking — collateral earns staking yield while securing lisUSD debt. |