crvUSD-HKD price

Launched in May 2023, the crvUSD is the stablecoin issued on Curve, the second largest decentralized exchange platform on the market. It is a decentralized stablecoin created by users depositing an ETH collateral on Curve. Its particularity is to introduce a new kind of "soft" liquidation mechanism, which executes transactions step-by-step instead of liquidating a collateral all at once.

Right now, 1 crvUSD is worth HK$ .

Right now, 1 Hong Kong dollar is equal to crvUSD.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

The crvUSD is designed to follow the price of the US dollar, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the crvUSD to deviate from the US dollar price for various technical or market reasons.

You never store crvUSD in itself. Instead, you store the private key giving you access and control over a crvUSD address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send crvUSD, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy crvUSD with us here from Hong Kong by sending us bank transfers in HKD, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy crvUSD.

You can swap crvUSD here against one of the cryptocurrencies that we support, using any self-custodial crvUSD wallet. For more information, have a look at our step-by-step tutorial on how to swap crvUSD.

To cash out crvUSD with us, you simply need to transfer your crypto to our address. We'll convert your crvUSD in HKD, then transfer the funds to your bank account in Hong Kong. For more information, have a look at our step-by-step tutorial on how to sell crvUSD.