- Resolv (RESOLV) is now live on KuCoin, a new stablecoin protocol.
- Its native stablecoin, USR, is backed by Ethereum (ETH) and Bitcoin.
- RESOLV/USDT spot trading began today with full support for KuCoin’s suite of trading bots.
Leading global cryptocurrency exchange KuCoin has officially listed 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).
Trading Launch and Key Dates
The listing of RESOLV follows a structured rollout. Deposits for the token are already live via the Ethereum (ERC20) network, with trading set to begin 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 trading bot strategies 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.
Related: Enterprise-Grade Blockchain PlatON (LAT) Gets Major Exposure with KuCoin Listing
ERC20 Network Only
KuCoin has emphasized that RESOLV deposits 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.
What Is Resolv? A Look at Its BTC and ETH-Backed Stablecoin
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.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
