CryptoCurrencies
1000
 Total Market Cap
19,922,444,636
 Volume 24h
1,390,824,889
 Dominance
HYPE 55.75%   FARTCOIN 5.60%   SOLVBTC 4.95%   DOGE 2.45%

Resolv USR
USR

1.0000
$
0.02 %
Change 24h
Market Cap
$ 250,514,000
Volume 24h
$ 13,817,900
Circulating Supply
250,569,000
Total Supply
9,410,180
USR
$
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.