CRVUSD标志着两年的增长和创新：Stablecoin超过1.79亿美元的循环供应里程碑

2025年5月14日，Curve的过度侧面Stablecoin CRVUSD庆祝了其第二周年，不久之后就达到了新的里程碑。

On May 14, 2025, Curve’s overcollateralized stablecoin crvUSD turned two years old, shortly after hitting a new milestone.

2025年5月14日，Curve的过度结合了Stablecoin Crvusd在达到新的里程碑后不久，两岁。

Just days earlier, on May 8, its circulating supply reached an all-time high of $179.8 million, signaling growing demand and deeper integration into DeFi markets.

就在几天前，即5月8日，其循环供应达到了历史最高的1.798亿美元，这表明需求不断增长，并更深入地融入了Defi市场。

What Powers crvUSD’s Expansion?

是什么力量CRVUSD的扩展？

crvUSD provides DeFi users with a known quantity for borrowing and liquidity provision with dollar exposure. It’s also protected by LLAMMA Collateral Protection and Peg Stability Reserves to help prevent rapid liquidations and maintain a price point around $1.

CRVUSD为Defi用户提供了借贷和流动性提供的已知数量，并提供了美元敞口。它还受到LLAMMA抵押品保护和PEG稳定储备的保护，以帮助防止快速清算并维持价格约1美元的价格。

Also, unlike many stablecoins, crvUSD is overcollateralized and designed for smoother volatility. Borrowers get lower rates, and liquidity providers enjoy more consistent returns.

同样，与许多稳定蛋白不同，CRVUSD被过度填合化，并设计为更平滑的波动性。借款人的利率较低，流动性提供商享有更一致的回报。

scrvUSD and Resupply Ignite Market Momentum

scrvusd和补给点燃市场势头

The release of scrvUSD in late 2024 was a major turning point. This yield-bearing version of crvUSD initially offered up to 20% APR, quickly attracting huge interest. By early 2025, yields stabilized at 1–3%, but interest in crvUSD remained high.

2024年末释放Scrvusd是一个主要的转折点。这种屈服版的CRVUSD最初提供了高达20％的APR，很快引起了巨大的兴趣。到2025年初，产量稳定在1-3％，但对CRVUSD的兴趣仍然很高。

scrvUSD’s success created a demand feedback loop: users bought more crvUSD to earn with scrvUSD, which boosted overall borrowing and liquidity activity. Lending protocol Llamalend saw its TVL surge as a result, transforming it into one of DeFi’s most cost-effective platforms.

Scrvusd的成功创造了一个需求反馈循环：用户购买了更多的CRVUSD来用Scrvusd赚钱，这增加了整体借贷和流动性活动。贷款协议Llamalend结果使它的TVL激增，将其转变为Defi最具成本效益的平台之一。

Then in March 2025, the Resupply protocol launched, letting users borrow reUSD against scrvUSD and cycle funds back into the system. This leveraged yield farming engine pushed TVL on Llamalend from $38 million to $84 million in just days, further driving crvUSD usage.

然后在2025年3月，启动了补给协议，让用户借用REUSD反对SCRVUSD并循环资金回到系统中。这款杠杆收益型农业引擎将TVL在短短几天内将Llamalend的TVL推向了3800万美元至8400万美元，进一步推动了CRVUSD的使用。

Rates Drop, Stability Holds Strong

费率下降，稳定性保持强大

This increased activity led to a dramatic drop in borrowing rates, from a volatile 10–50% range to a steady 1–4%. Lower rates meant more predictable borrowing, improving the experience for users and reinforcing Curve’s position as a stablecoin lending leader.

这种活动的增加导致借贷率从挥发性的10–50％范围急剧下降到稳定的1-4％。较低的利率意味着更可预测的借贷，改善用户的体验，并加强曲线作为Stablecoin贷款领导者的地位。

crvUSD’s Peg Stability Reserves also kept the token’s value stable. These automated agents mint or burn crvUSD as needed, stabilizing the price while routing arbitrage profits to the Curve DAO. Since Resupply’s launch, over $50 million in crvUSD has been minted for peg control.

CRVUSD的PEG稳定性储量也使代币的价值保持稳定。这些自动化的代理商根据需要铸造或燃烧CRVUSD，在将套利利润路由到曲线DAO的同时稳定。自补给推出以来，超过5000万美元的CRVUSD已被铸造用于PEG控制。

Growing Across Chains and Protocols

跨连锁和协议生长

crvUSD is now live on Optimism, Sonic, and is integrated with protocols like Resupply and YieldBasis. It supports multiple collateral types, including cbBTC, weETH, and LBTC, expanding its reach and flexibility.

CRVUSD现在依靠乐观，声音，并与诸如补给和产量之类的协议集成在一起。它支持多种抵押类型，包括CBBTC，WEETH和LBTC，扩大了其覆盖范围和灵活性。

Curve plans to scale crvUSD further with tools like YieldBasis, which will mint crvUSD for 2x leveraged, impermanent-loss-protected strategies. Upgrades to legacy smart contracts are also in development to improve efficiency and borrowing power.

Curve计划使用诸如FardBasis之类的工具来进一步扩展CRVUSD，该工具将以2倍的杠杆作用，无常保护的保护策略。升级到传统智能合约也正在开发中，以提高效率和借贷能力。

Looking Ahead: Education and Adoption

展望未来：教育和收养

Educational outreach is set to grow, helping more users understand crvUSD’s unique loan structure and liquidation protections.

教育外展活动将增长，帮助越来越多的用户了解CRVUSD独特的贷款结构和清算保护。

With its third year now underway, crvUSD is poised to become a cornerstone of decentralized finance, offering users a robust, efficient, and scalable stablecoin ecosystem.

随着第三年的发展，CRVUSD准备成为分散财务的基石，为用户提供了强大，高效且可扩展的Stablecoin生态系统。