Why We Rated crvUSD B
Curve’s crvUSD is a compelling case study in crypto-backed stability: transparent, innovative, and more resilient than many DeFi stablecoin experiments, but still structurally riskier than the largest fiat-backed stablecoins.
In our latest blog, we break down how crvUSD works, what its past depegs exposed, what the current data says, and why Webacy rates it B today.
The article walks through both sides of the story: a stablecoin that has held up through real market stress, but one whose fully crypto-backed design still leaves it more exposed to peg stress than the largest fiat-backed stablecoins.
Read the full article for the full breakdown of crvUSD’s design, performance, and risk profile.