Curve Finance goes live on Stellar in its first native deployment off EVM

Curve Finance, the decentralized exchange built for trading closely priced assets, is now running on Stellar's mainnet — its first native deployment on a blockchain outside the Ethereum Virtual Machine ecosystem, Curve and the Stellar Development Foundation announced Thursday, according to The Block.

The launch brings Curve's StableSwap to Stellar. StableSwap is designed for assets whose prices track each other — stablecoins pegged to the same currency, wrapped bitcoin, and synthetic versions of cryptocurrencies. On Stellar, users can create pools permissionlessly, find existing pools, swap, and provide liquidity. Curve says a second product, FXSwap — built for assets whose prices move relative to one another, including volatile crypto pairs and lower-volatility foreign-exchange and real-world-asset pairs — will follow once its audit is complete. No timeline was given.

Curve founder Michael Egorov tied the move to institutional interest. "We started exploring possibilities of launching beyond EVM chains if there is demand," he said in a statement, calling Stellar "closer to the familiar EVM world than many other chains" and adding that "the demand for Curve is there, and it comes from institutions." Stellar Development Foundation CEO Denelle Dixon framed the deployment as infrastructure for moving between tokenized assets: "Stablecoins and tokenized assets only deliver real value when people can move between them efficiently."

Curve, launched in 2020, has expanded over the years from a trading venue into lending and its crvUSD stablecoin. It currently holds roughly $1.27 billion in total value locked, per DeFiLlama. Stellar already hosts tokenized assets including Franklin Templeton's tokenized money market fund, and MoneyGram uses the network for money transfers.

Key facts

• Curve's StableSwap is live on Stellar mainnet; it's Curve's first native deployment outside the EVM ecosystem (Curve / Stellar Development Foundation, via The Block).
• FXSwap is planned for Stellar once its audit completes; no timeline disclosed (Curve, via The Block).
• Curve's total value locked is about $1.27 billion (DeFiLlama, via The Block).
• Curve launched in 2020 and now spans trading, lending, and the crvUSD stablecoin (The Block).

The real-world read

This is a product launch, and the on-the-record quotes come from the two parties with a direct stake in it — Curve and the foundation that stewards Stellar. Egorov's claim that demand "comes from institutions" is an assertion by an interested party with no named institution, no figure, and no deployed liquidity cited to back it. Treat it as positioning, not evidence.

Two caveats worth holding onto. First, FXSwap — arguably the more interesting half for FX and real-world-asset pairs — isn't live yet and has no audit date. Second, Curve itself notes the practical ceiling: for its pools to be useful to lenders for liquidations or exits, "liquidity would need to grow, and the apps would need to integrate the pools." A mainnet deployment is a starting line, not traction. Whether anything trades there is the open question.

This is news coverage, not financial advice.

Sources

• The Block (reputable secondary, 2026-10-29): reported the launch, Egorov and Dixon quotes, product mechanics, Stellar's existing tokenized assets, and the DeFiLlama TVL figure. The Block attributes the announcement to Curve Finance and the Stellar Development Foundation, and the $1.27 billion TVL to DeFiLlama. No sponsored or press-release material was used here.