Curve Finance launched StableSwap beyond EVM on Stellar

Curve Finance launched StableSwap on the Stellar network on October 29, 2026. This is the protocol’s first native expansion beyond EVM. For traders and DeFi users, the news matters right now.

On Stellar mainnet, permissionless liquidity pool creation, asset swaps, and liquidity deposits are already available. StableSwap works for instruments with close prices, including stablecoins, wrapped Bitcoin, and synthetic assets. The launch is still in beta and started with the first pool. Connection goes through a Stellar wallet such as Freighter.

Why did Curve move to Stellar now?

The reason is simple. Demand came from institutional players. Curve Finance founder Michael Egorov said this directly.

He also noted that Stellar has a lot in common with what developers are used to in the EVM world. This is not a random experiment. Curve rewrote StableSwap from scratch for Soroban, Stellar’s smart contract platform. The AMM math itself did not change.

In simple terms, the swap logic stayed familiar, but the code was adapted for a different network. And that is an important signal for all of DeFi. Against this backdrop, Stellar is getting not just another protocol, but ready-made infrastructure for fast swaps and low slippage.

What exactly does the new launch give users?

StableSwap on Stellar is designed for assets with similar value. That is convenient for stablecoins, wrapped BTC, and synthetics. For such pairs, what matters is not flashy yield, but precision and cheap swaps.

According to the team, the new integration also opens the door for other DeFi applications. Lending protocols will be able to use Curve pools to sell collateral during liquidations. Users will be able to exit positions through the same pools. Issuers of tokenized assets also get a chance to create markets for their instruments on Stellar.

There is also an important detail. Curve called this launch a lite deployment. In other words, this is not the final version. Next, the team wants to add pool creation directly in the interface, better pool pages, and a router with more metrics. According to Curve, Stellar will become the only non-EVM focus in the near term. That is where the broader story begins.

How did the market react, and what do the numbers show?

At the time of publication, Curve Finance’s total TVL stood at about $1.27 billion, according to DeFiLlama. Additional data shows $1.261 billion and a 10.1% decline over 30 days. This does not look like a story of rapid overheating.

More likely, Curve is looking for a new growth point outside its usual network circle. The protocol operates across 32 networks, but Ethereum still accounts for 95.3% of TVL. That is why the move to Stellar matters not because of the number of networks, but because it is the first real step beyond the EVM model.

“The practical value of stablecoins and tokenized assets depends on how efficiently they can be exchanged with one another,” said SDF CEO Denelle Dixon. “Curve’s arrival gives Stellar developers the infrastructure to build those markets.”

For comparison, the Stellar ecosystem already has something to show. According to DeFiLlama, on October 29, 2026, the network had $226.92 million in DeFi TVL, $400.32 million in stablecoin market cap, and $3.056 billion in RWA Active AUM. That is a solid foundation for a new AMM protocol.

• StableSwap on Stellar launched on October 29, 2026.

• This is Curve’s first native integration beyond EVM.

• Pools, swaps, and deposits are already available on Stellar.

• The first pool is operating in beta mode.

• Curve’s TVL stands at about $1.27 billion.

• Ethereum still accounts for 95.3% of the protocol’s TVL.

What does this mean for investors and DeFi users?

For holders of stablecoins and tokenized assets, this means more routes for swapping. If liquidity on Stellar really grows, spreads could narrow and liquidations in lending protocols could move faster. But there is a condition: without enough liquidity, the whole setup works less effectively.

There is another layer as well. Curve has already said the next step will be FXSwap. Unlike StableSwap, it will work with assets whose prices move relative to one another. These can include volatile cryptocurrencies, currency pairs, and RWA. The launch will happen after a security audit, and there is no exact timeline yet.

For Ukrainian users, there is a practical takeaway here. If Stellar continues to scale, demand for fast swaps of stablecoins and tokenized assets may grow not only on-chain, but also beyond it. If you need a quick exit into fiat, you can sell USDT TRC20 for Monobank without extra steps.

Frequently asked questions

What exactly did Curve launch on Stellar?

Curve launched StableSwap on Stellar mainnet on October 29, 2026. This is the protocol’s first native launch outside the EVM ecosystem. Users can create pools, swap assets, and provide liquidity.

How is StableSwap different from the upcoming FXSwap?

StableSwap is designed for assets with similar prices. FXSwap, which Curve plans to add later, will work with assets that move relative to one another. That includes cryptocurrencies, currency pairs, and tokenized real-world assets.

Why is the launch on Stellar important for the market?

Because it is Curve’s first move beyond EVM and a test of demand outside Ethereum’s familiar infrastructure. If liquidity on Stellar grows, it could make the network more useful for stablecoins, RWA, and lending scenarios. But everything depends on the amount of real liquidity.

Curve has made a rare DeFi move: an old protocol is entering a new network without copying its old code. For Stellar, this is a chance to get a strong AMM engine. For the market, it is another test of whether non-EVM networks are ready to absorb serious DeFi volume.

This material is not financial advice. Cryptocurrency trading involves significant risks. Part of this text was prepared with the help of artificial intelligence based on public sources and reviewed by our editorial team.