Curve Finance launches on Stellar in first native deployment outside EVM ecosystem

Curve Finance has gone live on Stellar mainnet. It is the first time the decentralized exchange has deployed natively outside the Ethereum Virtual Machine (EVM) ecosystem.

Curve Finance and the Stellar Development Foundation announced the release on Thursday. The deployment brings Curve's StableSwap exchange to Stellar with its core features intact.

Users on Stellar can now create pools without needing anyone's permission. They can also browse existing pools, swap assets and supply liquidity.

It is built for trading assets whose prices are supposed to move together. Think stablecoins pegged to the same currency, wrapped Bitcoin tokens, or synthetic versions of other crypto assets.

Two dollar-pegged tokens should trade close to one-for-one, and StableSwap is designed around that expectation. The EVM detail is the real headline for DeFi watchers.