CryptoCurrencies
1000
 Total Market Cap
4,145,815,784
 Volume 24h
1,873,929,302
 Dominance
ZK 17.18%   PNUT 13.93%   AIXBT 10.05%   ZEREBRO 8.72%

Resolv USR
USR

1.002
$
0.08 %
Change 24h
Market Cap
$ 407,230,000
Volume 24h
$ 18,126,100
Circulating Supply
406,438,000
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.