Currency One USD (C1USD) is a 1:1 USD-pegged stablecoin issued by Kinesis Money Panama S.A. (“Kinesis Panama”), 1:1 asset reserves are held at regulated financial institutions.
Verified Kinesis users can earn an introductory variable yield* on C1USD balances held in their accounts, with no lock-up period. This yield is attached to the verified account, not to the token itself.
Available through the Kinesis platform, C1USD operates on the Stellar and Ethereum (ERC-20) blockchains. Stellar provides fast, low-cost sending across supported networks, while Ethereum ensures broad compatibility through the ERC-20 standard, enabling integration with smart contracts and decentralised applications. In addition, C1USD is set to be listed on selected partner exchanges as part of its phased rollout.
*The introductory yield rate is available only to verified Kinesis users (KYC required), terms and conditions apply. The APY is subject to quarterly review. Currency One USD is issued by Kinesis Money Panama S.A. (“Kinesis Panama”).
What makes C1USD unique?
Verified Kinesis users can earn an introductory variable yield* on balances held within their accounts, without lock-up, while retaining full liquidity. This structure attaches yield to verified accounts within the Kinesis ecosystem, not to the token itself.
C1USD is multi-chain from launch, available on Stellar and Ethereum. Stellar provides low-cost sending and settlement, while Ethereum ensures full ERC-20 compatibility with EVM networks. This interoperability enables use in DeFi strategies such as borrowing, lending, and liquidity provision.
How can I use C1USD?
C1USD functions as a stable digital asset within the Kinesis Exchange and wider ecosystem. It can be used as a stable trading pair against gold (KAU), silver (KAG), and other digital assets.
Additional use cases include:
- Cross-border transfers: Fast, low-cost sending across networks.
- DeFi integration: Borrowing, lending, and liquidity participation across Stellar, Ethereum, and other EVM networks.
- Escrow and collateral: Stable value for contracts and settlements.
- Hedging: Conversion of volatile assets into a stable 1:1 USD-pegged stablecoin.
- Financial inclusion: Access to digital savings and transactional tools in underbanked markets.
C1USD is programmable and interoperable across Stellar and Ethereum, enabling use in smart contracts, escrow, and decentralised applications.