Analysis: Since Curve changed its fee allocation mechanism in June, crvUSD has generated fees of $18 million.

Odaily Planet Daily DL Research reported that since the launch of crvUSD, the Decentralization Stable Coin launched by Curve Finance in June, it has generated a fee of $18 million and a Market Cap of $66 million. On Wednesday, CurveDAO launched the yield-bearing stablecoin saving crvUSD (scrvUSD), with deposits reaching 6.6 million USD as of the time of writing. Curve Finance clarifies: "This fee was generated since the fee distribution switched to CRVUSD in June." crvUSD was launched in May 2023, generating fees from that time onwards. Earlier in June, Curve Finance changed its fee allocation mechanism from 3crv Token to its native Stable Coin crvUSD, aiming to improve the usability of crvUSD and integrate Stable Coin into the Curve Finance ecosystem to incentivize users. It is reported that transitioning to crvUSD means that users will now receive fees in US dollar-denominated Stable Coin.