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Resolv USR USR
USR
0.9997
$
0.03 %
Change 24h
Market Cap
$ 278,957,952
Volume 24h
$ 8,237,406
Circulating Supply
279,031,105
Total Supply
9,306,397
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.