Curve Finance has launched a new decentralized stablecoin, Savings-crvUSD (scrvUSD), designed to offer low-risk returns and enhance the scalability of its underlying stablecoin, crvUSD. Users can mint scrvUSD by depositing crvUSD, which is backed by assets like Ether and Wrapped Bitcoin. This setup ensures funds remain secure and borrowing rates stable. Curve's founder, Michael Egorov, highlighted the system's sustainability with over 3 million crvUSD in scrvUSD. This move aims to boost Curve's role in decentralized finance by increasing asset composability and creating new opportunities for investors.
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