Curve DEX · Ethereum

USDC-USDT

Overview

The Curve DEX USDC-USDT pool on Ethereum is a single-asset stablecoin liquidity position where providers earn yield from trading fees generated by the protocol. This pool facilitates swaps between USDC and USDT, two popular stablecoins, attracting users seeking low-slip trades.

Total APY stands at 1.95%, composed of a base rate of 0.3% and an additional reward layer of 1.65%. Over the past seven days, the APY has declined by 1.14%, while over thirty days it has decreased by 0.33%, placing the current yield below the 30-day mean of 2.59%.

TVL is $10.8M with no reported change in the last week; primary exposure includes depeg risk on the underlying stablecoins. Depth of liquidity ensures minimal slippage for traders, supporting consistent fee generation and yield distribution to providers.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 1.38%; 30-day mean is 2.20%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 94% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.