Curve Finance launches StableSwap on Stellar, its first move beyond EVM chains

The DeFi exchange brings permissionless stablecoin pools to Stellar and plans to follow with FXSwap once audits are complete 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. What actually launched Users on Stellar can now create pools without needing anyone’s permission. They can also browse existing pools, swap assets and supply liquidity. StableSwap is Curve’s signature product. 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. The Ethereum Virtual Machine is the computing environment that runs smart contracts on Ethereum and the many chains built to be compatible with it. Deploy...