Resolv USR USR
USR
0.4602
$
1.91 %
Change 24h
Market Cap
$ 6,165,321
Volume 24h
$ 495.32
Circulating Supply
13,396,819
Total Supply
395,568,529
Website
Social
USR
$
| # | Exchange | Pair | Price | Volume 24h |
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Description
Resolv is a protocol that maintains USR, 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. USR 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.