深潮TechFlow|Feb 05, 2026 10:53
[Curve Founder: crvUSD Deeply Linked to Bitcoin, Stablecoin Expansion Requires More Cautious Advancement]
DeepTechFlow News, February 5th, Curve founder Michael Egorov stated on the X platform that the current liquidity scale between the stablecoin crvUSD and mainstream crypto assets (primarily Bitcoin) is already very large. However, this also means that when BTC fluctuates, it may exert greater pressure on crvUSD, necessitating consideration of how to further expand system capacity. This situation reminds him of the early stage when USDT became the primary trading stablecoin in the crypto market: at that time, the brief de-pegging of stablecoins was not a structural issue but was caused by the limited throughput capacity of banking redemption channels. In contrast, crvUSD belongs to the CDP (Collateralized Debt Position) stablecoin model, which requires addressing related pressures from different mechanism levels. Currently, crvUSD demand mainly comes from yield-based scenarios like Yield Basis, and subsequent adjustments will primarily focus on this aspect. However, as the use of stablecoins in trading scenarios continues to increase, the adoption scale of stablecoins must expand gradually. This process itself is inevitable.
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