USD One price

USD1

#5155

Launched in December 2024, USD1 is a fully collateralised, USD-pegged stablecoin developed and managed by Kinesis Global Ltd, based in London. Designed for both institutional and retail use cases, USD1 maintains a 1:1 peg with the US dollar, ensuring stability, transparency, and security in digital transactions. It operates on both the Stellar and Ethereum (ERC-20) blockchains, leveraging the speed and low-cost structure of Stellar alongside the widespread compatibility of Ethereum’s ERC-20 standard.

Core Functionalities and Use Cases: USD1 serves multiple functions within the Kinesis ecosystem and broader digital finance landscape, including: Instant Global Payments: Fast, cost-effective transactions suitable for everyday use. Cross-Border Transfers: Secure and efficient international payments with minimal fees. Stable On-Ramp and Off-Ramp: Facilitates conversion between fiat and digital assets. Precious Metals Trading: Enables trading of Kinesis gold (KAU) and silver (KAG) tokens. Decentralised Finance (DeFi): Provides stable liquidity and settlement options for DeFi platforms. USD1 is an integral component of the Kinesis monetary system, acting as a medium of exchange, liquidity source, and settlement asset across the Kinesis platform. It supports major trading pairs, including KAU and KAG, on the Kinesis Pro exchange. Collateralisation and Transparency: USD1 is fully backed by liquid, high-quality reserves exceeding the total token supply, with a reserve value of over $15 billion. Independent third-party audits are conducted monthly, verifying the 1:1 collateralisation and ensuring ongoing transparency. Public blockchain explorers further allow real-time verification of USD1’s circulating supply and reserves, reinforcing trust within the ecosystem. Blockchain Integration: The dual-chain architecture enhances accessibility and performance: Stellar Network: Ultra-fast transactions with minimal fees. Ethereum (ERC-20): Widespread compatibility with decentralised applications and wallets. This multi-chain approach ensures both speed and universal integration, catering to diverse use cases across digital finance. Key Features: Fully Collateralised: Backed by cash and cash equivalents for stability. Over-Capitalised Reserves: Reserve holdings consistently exceed the circulating supply. Independent Attestations: Monthly reserve audits performed by third-party firms. Public Transparency: Real-time reserve verification available through blockchain explorers. Role in the Kinesis Ecosystem: USD1 plays a pivotal role in the Kinesis monetary system by enabling: Liquidity Provision: Serving as a stable asset for settlements and trading. Digital Asset Management: Facilitating access to Kinesis assets like KAU and KAG. Payment Infrastructure: Supporting global payments and remittances. Future Developments: Future developments for USD1 include an all-risk surety bond insurance wrap, guaranteeing its 1:1 peg to the US dollar. This insurance measure will ensure that, regardless of market conditions, USD1’s value remains fully protected. By further securing the reserve holdings, the all-risk insurance wrap will enhance confidence in USD1 as a stable, secure, and reliable digital asset within the stablecoin market. Additionally, USD1 will serve as the flagship stablecoin within the Kinesis Currency One initiative, launching in Q1 2025. This initiative will expand Kinesis’s suite of asset-backed stablecoins, each designed with the same level of transparency, security, and reserve backing as USD1.

https://kinesis.money/pro/usd1/?cat=30