What crvUSD is
crvUSD is a crypto-collateralized / algorithmic stablecoin, currently ranked 159th by market capitalization among the assets we track. crvUSD is a crypto-collateralized or algorithmic stablecoin: instead of a bank account full of dollars, its peg is defended by on-chain collateral and protocol logic. That makes it more decentralized — and a different risk shape — than a fiat-backed token.
crvUSD (CRVUSD) is a stablecoin issued by Curve Finance, designed to maintain a stable value pegged to the US dollar. It facilitates efficient and secure decentralized transactions within the Curve ecosystem.
How the peg is engineered
The peg is maintained algorithmically: collateral ratios, liquidation engines, and arbitrage incentives push CRVUSD back toward target. The fragile moment is always a fast drawdown in the collateral that backs it.
Background & fundamentals
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Stablecoin, and Arbitrum Ecosystem.
Where crvUSD sits in the market
At $0.9993, crvUSD carries a market capitalization of $114.73M. Around $12.46M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 10.86% of the float — elevated, often a sign of narrative-driven trading.
crvUSD carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. CRVUSD trades about -26% below its all-time high of $1.34, within reach of prior peaks. Measured from its all-time low of $0.8008, CRVUSD is up +25%.
What the price history shows
Across timeframes, CRVUSD shows 24-hour -0.04%, 7-day -0.03%, 30-day -9.95%, 1-year -2.10%. Within its stored 731-day daily history, CRVUSD mounted a low-to-high run of roughly 28% at its strongest stretch.
Volatility profile
Recent action puts crvUSD in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals -9.95%, a useful input for stop placement and position sizing.
How to evaluate crvUSD
A grounded read on CRVUSD comes down to three questions:
- Collateral backing — what secures CRVUSD, how over-collateralized it is, and how correlated that collateral is to the rest of crypto.
- Mechanism resilience — whether the peg has survived prior drawdowns, and how liquidations behave under stress.
- Decentralization trade-off — how much trust moves from a custodian to code — and whether that code has been battle-tested.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
