Live · updated 9 minutes ago
crvUSD Price chart
Key stats
Performance
How the price moved over each period.
Supply
156.21M CRVUSD circulate. No maximum supply is set.
- Circulating
- 156.21M
- Total supply
- 156.21M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 10.34% of market cap. Trades easily.
$156.01M market cap, rank #211. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
10.0% below its all-time high of $1.11.
Largest recent swing: 0.06% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is crvUSD (CRVUSD)?
crvUSD is a US dollar stablecoin issued by Curve Finance, the decentralized exchange founded by Michael Egorov. It launched on Ethereum in May 2023. Unlike fiat-backed stablecoins, crvUSD is not held in a bank account. It is minted by users who deposit approved crypto collateral into Curve's lending markets and borrow against it.
How crvUSD works
Three components do most of the work:
- Controller: opens and manages loans and tracks each borrower's debt.
- LLAMMA: a special automated market maker holding each market's collateral. Instead of selling collateral all at once when its price falls, it converts the collateral gradually into crvUSD as the price drops, and converts back as the price recovers. This is called soft liquidation.
- PegKeepers: contracts with an allocated amount of crvUSD that help keep the price near one dollar by trading in Curve pools.
Each market's interest rate is set by a monetary policy contract that reads an oracle price built from multiple Curve pools. New collateral types and debt ceilings need approval from the Curve DAO. The first collateral was sfrxETH, and further assets were added by DAO vote.
CRVUSD supply and token design
crvUSD has no fixed cap. New tokens are created when users borrow, and they leave supply when loans are repaid or liquidated. Backing is the collateral locked in each market, so the stablecoin is overcollateralized by crypto rather than by dollars or Treasuries. Because every market has its own collateral, rate and debt ceiling, the risk profile of crvUSD is the combined risk of all approved markets. Live circulating supply is shown in the market data on this page.
The Ethereum contract is 0xf939e0a03fb07f59a73314e73794be0e57ac1b4e. crvUSD is also available on other networks through bridges and deployments, so confirm the chain and address when moving funds.
Official information is on curve.finance.
What to check before using crvUSD
- The peg depends on collateral prices, PegKeeper capacity and market liquidity. Under stress, crvUSD can trade away from one dollar.
- Collateral is mostly volatile crypto, so deep price drops can lead to losses for borrowers through liquidation.
- Soft liquidation can leave a position partly converted into crvUSD, which changes your exposure even before a full liquidation.
- Smart contract risk applies to every DeFi protocol, including Curve's lending markets and its oracle design.
- Governance can change collateral lists, debt ceilings and rates, so market terms can shift.
crvUSD project profile
- Open source
- Yes
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0xf939e0…ac1b4e - Fraxtal:
0xb102f7efa0d5de071a8d37… - Base:
0x417ac0…60af93 - Polygon:
0xc4ce1d…6cb5d6 - Taiko:
0xc8f4518ed4bab9a972808a… - BNB Chain:
0xe2fb3f…2bdef4 - Arbitrum One:
0x498bf2…99c1e5 - Optimism:
0xc52d7f…ddcbf6
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
crvUSD market analysis
With a market capitalisation of $156.01 million, crvUSD (CRVUSD) is classed as a small-cap asset and ranks #211 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 84.3% of them. It accounts for roughly under 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $16.13 million of CRVUSD changed hands, equal to 10.34% of its market cap, which puts its trading volume ahead of about 90.8% of tracked assets. That is an active level of turnover for an asset of this size. Its turnover ratio is higher than that of about 70% of tracked assets.
Price action: CRVUSD moved +0.00% in 24 hours and +0.02% over 7 days. It outperformed Bitcoin by 2.18 percentage points over 24 hours and by 3.88 points over 7 days. Against the median tracked coin (ahead by 2.24 points on the day and ahead by 6.23 points on the week), it has been a relative strength in recent sessions.
To overtake GoMining Token (GOMINING) just above it, crvUSD would need to grow its market cap by about 3.0%; it is 0.1% larger than apyUSD (APYUSD) just below. Its market cap is 0.01% of Bitcoin's.
Based on market data; not investment advice.
crvUSD FAQ
What is crvUSD?
crvUSD is a US dollar stablecoin issued by Curve Finance. It is minted when users borrow against approved crypto collateral.
How does crvUSD keep its peg?
It relies on overcollateralized loans, soft liquidations through LLAMMA and PegKeeper contracts that trade in Curve pools to push the price toward one dollar.
When did crvUSD launch?
crvUSD launched on the Ethereum mainnet in May 2023, with sfrxETH as the first collateral.
Is crvUSD backed by dollars?
No. It is backed by crypto collateral locked in Curve lending markets, not by bank deposits or Treasuries, so its safety depends on those markets.
Price history
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Historical price data is not available yet for this asset. | ||||