Curve's overcollateralized dollar using the LLAMMA soft-liquidation AMM.
Historical peg variance
Tight peg90-day series · source: DeFi Llama
Chain distribution
Circulating supply by chain · updated 7d ago
Ethereum184.7M crvUSD98.4%
Arbitrum1.7M crvUSD0.9%
OP Mainnet564.1K crvUSD0.3%
Base337.5K crvUSD0.2%
Fraxtal271.0K crvUSD0.1%
Sonic16.4K crvUSD0.0%
Polygon9.3K crvUSD0.0%
Gnosis6.0K crvUSD0.0%
ZKsync Era3.3K crvUSD0.0%
BSC604 crvUSD0.0%
Taiko547 crvUSD0.0%
Waves36 crvUSD0.0%
Metadata
Issuance
Backing & mint/redeem mechanics per the issuer.
Peg mechanismCrypto-backed
Users deposit collateral to borrow crvUSD
Published audits
docs.curve.fi/security/security/#stablecoin-and-lending