Resolv USD(USR)
Market Cap$4.53m
Price$0.45
Total Circulating10.06m
Stablecoin Information
An overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR.
Category:crypto-backed
Minting and RedemptionUSR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount.
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