MV Capital | Curve Finance Deploys StableSwap on Stellar in First Native Non-EVM Launch

Curve Finance has activated its StableSwap protocol on the Stellar mainnet, marking the decentralized exchange’s first native deployment outside the Ethereum Virtual Machine ecosystem

Curve Finance and the Stellar Development Foundation announced on October 29, 2026, that StableSwap is now live on Stellar’s mainnet. The release enables users to create liquidity pools without permission, discover existing pools, execute swaps and supply liquidity for assets whose prices remain closely aligned.

StableSwap targets stablecoins pegged to the same currency, wrapped bitcoin tokens and synthetic crypto assets. Because Stellar does not run the Ethereum Virtual Machine, Curve rebuilt the protocol from the ground up for Stellar’s Soroban smart-contract environment rather than porting existing code.

Institutional Demand Drives Expansion Beyond EVM

Curve founder Michael Egorov stated that the protocol began examining non-EVM chains only where clear demand existed. He described Stellar as a suitable match because it operates closer to familiar EVM patterns than many other networks, while institutional interest provided the primary driver for the integration.

At Curve, we started exploring possibilities of launching beyond EVM chains if there is demand. Stellar looks like a good fit: it's closer to the familiar EVM world than many other chains. And at the same time, the demand for Curve is there, and it comes from institutions. Excited to see where this integration goes!Michael Egorov, founder of Curve Finance

Denelle Dixon, chief executive and executive director of the Stellar Development Foundation, said the arrival of Curve supplies developers with infrastructure needed to create efficient markets for stablecoins and tokenized assets.

Stablecoins and tokenized assets only deliver real value when people can move between them efficiently, and Curve’s arrival gives developers on the Stellar network’s proven infrastructure to build those markets. Having one of DeFi’s most trusted liquidity protocols choose the Stellar network for its first native deployment outside EVM shows that the network is the home for practical financial applications.Denelle Dixon, CEO and Executive Director, Stellar Development Foundation

FXSwap Planned After Audit Completion

Curve intends to introduce its FXSwap product on Stellar once a third-party security audit concludes. FXSwap is designed for pairs whose prices move relative to one another, including foreign-exchange stablecoins and certain real-world asset combinations. No specific launch date has been disclosed.

At the time of the Stellar deployment, Curve’s total value locked stood at approximately $1.27 billion. Stellar’s overall stablecoin market is estimated near $394 million, with the majority held in USDC. Trading volumes and liquidity figures for the newly created Stellar pools have not yet been released.

Broader Context for Stellar Ecosystem

The Curve launch arrives amid a series of recent developments on the network. MetaMask is adding Stellar as a default network in its mobile application and browser extension, allowing existing accounts to generate Stellar addresses from recovery phrases without additional setup. Separately, tokenization platform Securitize has outlined plans to support issuance and management of tokenized financial assets on Stellar.

Curve launched in 2020 and has expanded from automated market-making into lending products and its own stablecoin, crvUSD. The Stellar deployment represents the protocol’s first step onto a non-EVM chain after earlier expansions of FXSwap across several EVM-compatible networks.

Users can access the beta interface to browse pools, perform swaps and add liquidity on Stellar. The protocol has retained its core StableSwap mechanics while adapting the implementation to the network’s architecture.