Curve DAO (CRV)

Curve is the largest stableswap decentralized exchange in DeFi and, through crvUSD and LlamaLend, an increasingly large decentralized credit business built on top of that liquidity. In September 2026 the protocol pushed into stablecoin-native networks by launching FX-focused pools on Circle's Arc, days after publishing an August recap showing crvUSD borrowing nearly doubling and LlamaLend V2 activity up 45% for the month.