The DeFi protocol brings StableSwap to Stellar's mainnet to support stablecoin and tokenized asset trading, with FXSwap expected to follow after an audit.

Thu 29 Oct 2026 · 07:14 EDT · 3 min read

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Curve Finance has launched its StableSwap protocol on the Stellar blockchain, marking the decentralized exchange’s first native deployment outside Ethereum Virtual Machine compatible networks as it expands liquidity infrastructure for stablecoins and tokenized financial assets.

The integration, announced Thursday, brings Curve’s automated market maker to Stellar’s mainnet, allowing users to swap stablecoins, provide liquidity and earn trading fees through an initial set of pools.

Built with support from the Stellar Development Foundation, the deployment uses Soroban, Stellar’s smart contract platform, rather than the Ethereum-based technology underlying Curve’s existing integrations.

The launch is initially available through a beta interface at stellar.curve.finance, where users can connect compatible wallets, including Freighter, to trade assets and deposit liquidity.

Curve said the integration responds to institutional demand for deeper liquidity across Stellar’s stablecoin and tokenized asset markets.

“At Curve, we started exploring possibilities of launching beyond EVM chains if there is demand,” said Michael Egorov, Curve’s founder.
“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.”

Curve brings StableSwap liquidity to Stellar’s tokenized asset markets

Curve’s StableSwap technology is designed for efficient trading between assets that maintain similar prices, such as stablecoins pegged to the same currency.

The protocol concentrates liquidity around their expected exchange rate, allowing traders to execute larger transactions with less slippage than conventional liquidity pools, provided the assets maintain their pegs.

Curve originally introduced StableSwap on Ethereum in 2020 and subsequently expanded the technology across multiple EVM compatible networks.

Stellar required a separate implementation because its smart contracts run through Soroban rather than the EVM. Curve said it rebuilt the protocol for Stellar while preserving its underlying pricing mathematics.

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The integration targets an ecosystem already used by financial institutions to issue and transfer tokenized assets.

Franklin Templeton operates a tokenized money market fund on Stellar, while MoneyGram uses the network for payment services.

Stellar also supports issuer controls, including identity verification, asset freezes and clawbacks, allowing regulated financial products to operate alongside decentralized applications.

Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, said the deployment could strengthen trading infrastructure for the network’s growing tokenized asset ecosystem.

“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,” Dixon said.

The new liquidity pools could also provide infrastructure for lending applications, allowing protocols to exchange collateral during liquidations or enabling borrowers to close positions.

Curve said trading fees generated by its Stellar deployment will also contribute to the Curve DAO under the protocol’s existing fee arrangements.

Curve plans FXSwap expansion for stablecoin currency trading

Curve plans to introduce FXSwap on Stellar after completing its security audit, extending the deployment beyond assets that maintain the same price.

Unlike StableSwap, FXSwap is designed to facilitate trading between assets whose relative values fluctuate, including stablecoins pegged to different national currencies.

The protocol concentrates liquidity around prevailing market exchange rates rather than assuming a fixed peg, making it suitable for onchain foreign exchange transactions.

Curve said development is nearly complete, but it has not announced a launch date or confirmed which currency pairs will be supported.

The company also plans to expand its Stellar interface with permissionless pool creation, improved analytics and additional routing capabilities.

Its initial launch is described as a limited deployment, with the longer-term goal of bringing Curve’s broader liquidity infrastructure to Stellar.

Curve said Stellar will remain its only planned non-EVM expansion for the foreseeable future as it focuses on growing stablecoin liquidity and supporting tokenized asset markets on the network.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.