{"id":64789,"date":"2022-07-22T17:37:22","date_gmt":"2022-07-22T14:37:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64789"},"modified":"2025-09-06T16:21:54","modified_gmt":"2025-09-06T13:21:54","slug":"curve-finance-to-launch-its-own-stablecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/curve-finance-to-launch-its-own-stablecoin\/","title":{"rendered":"Curve Finance to launch its own stablecoin"},"content":{"rendered":"<p>The decentralized exchange Curve Finance is preparing to launch its own stablecoin. This was stated by its founder Michael Egorov in a conversation with Spartan Group co-founder Kelvin Koh at the Redefine Tomorrow 2022 conference.<\/p>\n<p><iframe loading=\"lazy\" width=\"504\" height=\"284\" src=\"https:\/\/www.youtube.com\/embed\/2emYa3XVZh8\" title=\"Curve War and Beyond - Michael Egorov&#038; Kelvin Koh\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>Egorov said that a &#8216;stablecoin&#8217; will be overcollateralized. He declined to disclose further details.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/what-is-curve\">Curve Finance<\/a> specializes in trading between stablecoins and other assets of equal value with minimal slippage and fees.<\/p>\n<p>The described overcollateralization model is used by the algorithmic stablecoin DAI in the MakerDAO project. After Terra&#8217;s UST crash, there arose a persistent distrust of such assets.<\/p>\n<p>The algorithmic stablecoins <a href=\"https:\/\/forklog.news\/v-seti-near-zapustili-algoritmicheskij-stejblkoin-usn\/\">USN from Near<\/a> and <a href=\"https:\/\/forklog.news\/tron-modifitsiruet-usdd-v-pereobespechennyj-stejblkoin\/\">USDD from Tron<\/a> have overcollateralization and are included among centralized &#8220;stablecoins&#8221; USDT and USDC.<\/p>\n<p>The prospect of launching a stablecoin sparked a strong reaction among CRV holders. In the last 24 hours, the asset rose by 16.3%, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/curve-dao-token\">CoinGecko<\/a>.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"570\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-693-1024x570.png\" alt=\"Curve Finance to launch its own stablecoin\" class=\"wp-image-179700\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-693-1024x570.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-693-300x167.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-693-768x427.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1-693-1536x854.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/1-693.png 1566w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly CRV\/USDT chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<\/div>\n<p>According to DeFi Llama, Curve&#8217;s TVL stands at $6.18 billion. By this metric the project ranks first among <a href=\"https:\/\/forklog.news\/cryptorium\/chto-takoe-detsentralizovannye-birzhi-dex\/\" title=\"DEX\">DEX<\/a> and fourth among DeFi protocols overall when accounting for value locked across all ecosystems.<\/p>\n<p>Earlier, on July 8, Aave developers proposed launching a DeFi ecosystem-native multi-collateral stablecoin GHO.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized exchange Curve Finance is preparing to launch its own stablecoin. This was stated by its founder Michael Egorov in a conversation with Spartan Group co-founder Kelvin Koh at the Redefine Tomorrow 2022 conference.<\/p>\n","protected":false},"author":1,"featured_media":64790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1426,807],"class_list":["post-64789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-curve-crv","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64789"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64789\/revisions"}],"predecessor-version":[{"id":64791,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64789\/revisions\/64791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/64790"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}