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DeFi Powerhouse Curve Finance Deploys Decentralized Stablecoin on Ethereum

Curve Finance’s highly-anticipated stablecoin is now live on Ethereum. “As many figured—deployment of crvUSD smart contracts has happened!” tweeted the Curve Finance team. “This is not finalized yet because the UI also needs to be deployed. Stay tuned!” Launched during the DeFi summer of 2020, Curve Finance is a stablecoin-centric decentralized exchange (DEX) that facilitates cheap swaps between stablecoins and other fixed-priced assets such as derivatives of Ethereum. CrvUSD is an over-collateralized stablecoin backed by assets like USDC, Ethereum, liquid staking derivatives like Frax’s sfrxETH.

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