$USD1 – Currency One
real-world asset • stablecoin
Kinesis-Backed USD Stablecoin — $USD1
$USD1 (Currency One USD) is a fiat-backed stablecoin pegged 1:1 to the United States dollar. It is issued by Kinesis Global Pty Ltd and officially custodied by Currency One. $USD1 serves as the stable medium of exchange within the Kinesis monetary system, enabling fast, low-cost, and regulated digital USD transactions across borders and wallets.
Use Case: $USD1 provides on-chain dollar exposure for users of the Kinesis platform, facilitating stable settlements, trading pairs, and digital commerce without volatility.
Key Concepts:
- Fiat-Pegged — Maintains a 1:1 peg with the U.S. dollar.
- Kinesis Global — Issuing entity for $USD1 within the Kinesis ecosystem.
- Currency One — Custodian responsible for reserve security and management.
- Stable Transactions — Used for dollar-denominated trades and cross-border payments.
Summary: $USD1 is the official stablecoin of the Kinesis system, offering a transparent and regulated method for holding and transacting U.S. dollar value digitally. It complements Kinesis’ real-asset tokens like $KAU and $KAG by enabling stable fiat movement within a precious metals-backed financial ecosystem.