KuCoin Lists Resolv (RESOLV), Introducing BTC and ETH Backed’ Stablecoin USR

Leading global cryptocurrency exchange KuCoin has officially Resolv (RESOLV) on its spot trading platform. This marks the world premiere of the promising new protocol behind a novel stablecoin backed by Ethereum (ETH) and Bitcoin (BTC).

The listing of RESOLV follows a structured rollout. Deposits for the token are already live via the Ethereum (ERC20) network, today at 13:00 UTC.

Prior to that, KuCoin will conduct a one-hour call auction from 12:00 to 13:00 UTC to facilitate price discovery before live trading commences. Withdrawals will be enabled starting at 10:00 UTC on June 11.

Notably, KuCoin users will be able to trade RESOLV against USDT, with a full suite of available from launch. These include Spot Grid, Infinity Grid, DCA, Smart Rebalance, Martingale, and the platform’s proprietary AI trading bots like AI Spot Trend and Spot Grid AI Plus.

KuCoin has emphasized that must be via the Ethereum (ERC20) network. Deposits from Binance Smart Chain (BEP20) or other networks are not supported and could result in the permanent loss of funds. Users are strongly advised to verify the network before transferring assets.

With the listing, RESOLV joins the growing list of innovative crypto projects KuCoin has supported recently.

The Resolv protocol powers the creation and stability of USR, a new decentralized stablecoin pegged to the US dollar. What makes USR unique is its collateralization model. Unlike many stablecoins that rely solely on fiat or a single crypto asset as collateral, USR is natively backed by a diversified basket of the industry’s two largest assets: Bitcoin and Ethereum.

This dual-asset backing model enhances the resilience and capital efficiency of USR in bull and bear markets.

According to the protocol’s design, Resolv aims to create a new layer of trustless financial infrastructure, providing users with a stable store of value without sacrificing decentralization. This positioning puts it in competition with other decentralized stablecoins such as DAI, but with the unique appeal of Bitcoin collateralization.

KuCoin’s listing of Resolv (RESOLV) underscores its commitment to fostering innovation in the crypto space, providing users with access to projects like Resolv while offering advanced trading tools to enhance their experience. KuCoin continues to position itself as a leading platform for traders seeking both cutting-edge opportunities and robust trading capabilities.