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Currency One Stablecoins: How to Convert Between Cash and stablecoins

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Find out how to deposit your local currency and convert it into the respective 1:1 fiat-pegged Currency One stablecoin.

 

The Currency One Stablecoin Suite, issued by Kinesis Money Panama S.A., consists of eight stablecoins, each pegged 1:1 to its respective fiat currency. 

These stablecoins enable low-cost global transfers across the Kinesis platform. 

You can easily convert between supported fiat currencies and all Currency One stablecoins with a 0% conversion fee.

The Currency One Stablecoin Suite consists of:

  • Currency One USD (C1USD) – United States Dollar
  • Currency One GBP (C1GBP) – British Pound Sterling
  • Currency One EUR (C1EUR) – Euro
  • Currency One AUD (C1AUD) – Australian Dollar
  • Currency One CAD (C1CAD) – Canadian Dollar
  • Currency One CHF (C1CHF) – Swiss Franc
  • Currency One AED (C1AED) – United Arab Emirates Dirham
  • Currency One SGD (C1SGD) – Singapore Dollar

Key benefits of the Currency One suite

  • Kinesis users earn 7.5% APY* on all Currency One stablecoins held in their verified Kinesis account - with no lock-ups.
  • Send Currency One stablecoins anywhere globally at a low cost
  • Trade Currency One stablecoins gold, silver and 40+ digital assets on the Kinesis Exchange.
  • Instantly convert between C1USD and seven other stablecoins.
  • Convert between cash and Currency One stablecoins with a 0% conversion fee (spreads or minimums may apply). 
  • Set up instant auto-conversion (optionally) to automatically convert your deposited cash into respective C1 stablecoins.

Your C1USD Yield is calculated daily and credited monthly, directly to your Kinesis account. For all other 1:1 fiat-pegged C1 stablecoins, yields will accrue from launch and be paid retroactively once their respective yields are brought online.

Kinesis Cayman is not the issuer of Currency One stablecoins and does not control their issuance. The Kinesis Exchange will support trading and exchange functionality for these assets.

 

Deposit cash into your Kinesis account

To begin, deposit fiat into your Kinesis account. 

Note: Before you can make a deposit, trade or send assets, your Kinesis account must be fully verified.

  1. Log in to your Kinesis dashboard.
  2. Navigate to Assets in the left‑hand menu panel.
  3. Select the fiat currency you want to deposit (e.g., USD, EUR, GBP, AUD).
  4. Follow the on‑screen instructions to submit the deposit from your bank account.

Note: these instructions and deposit methods may vary depending on your chosen currency and location:

Now that your cash is deposited, convert it into stablecoins - with no conversion fee - to start trading on the Kinesis Exchange or transferring funds globally. 

You can easily convert your fiat to C1 stablecoins manually whenever you choose, or set up automatic conversion for every future deposit.
 

Convert  your fiat to Currency One stablecoin

Kinesis users can instantly convert cash (fiat) funds, with no conversion fee, into the corresponding 1:1 fiat-pegged Currency One stablecoin. Once converted, your funds are ready to trade, send, or exchange.

You can convert between your cash and C1 stablecoins - with a 0% conversion fee (spreads or minimums may apply). You can also convert, free of charge, between all stablecoins in the Currency One suite.

You can hold fiat as part of your portfolio. However, fiat currencies cannot be traded on the Kinesis Exchange. To trade, your fiat must first be converted into the corresponding stablecoin.

Note: If you deposit a currency that does not have a Currency One stablecoin equivalent, it will be converted into Currency One USD (C1USD).

  1. Go to the Assets tab and select the fiat currency tile you wish to convert. 
  2. Click the Convert option (the widget will appear on the right side of your dashboard).

Alternatively, you can access the convert widget from the Home dashboard, by clicking the waffle icon at the top right and selecting “Convert".

 

3. Choose the amount or percentage of your deposited fiat you wish to convert.

4. Select the corresponding Currency One stablecoin (e.g., USD → C1 USD; GBP → C1 GBP).3. Submit the conversion - it is instant & free of charge.

5. The Currency One stablecoin will appear instantly in your account balance, ready for further use.

You can also convert back from Currency One stablecoins to cash at any time, free of charge, and withdraw to your bank account.
 

Set up Auto‑Conversion (optional)

In your Settings, you can enable the auto-convert feature. This automatically converts fiat deposits into the corresponding C1 stablecoins - with no conversion fee - so you do not need to convert them manually each time. 

For example, all future USD deposits will arrive as 1:1 USD-pegged stablecoin, C1USD, in your account - ready to trade or send.

Note: if you deposit a currency that does not have a Currency One stablecoin equivalent, it will be converted into Currency One USD (C1USD).

  1. From the Home dashboard, click your profile icon to open the drop-down menu and choose Settings → Preferences.
  2. Find the Auto‑Convert option.
  3. Toggle ON if you would like all future cash deposits to be automatically converted into Currency One stablecoins.

In this way, as you deposit cash you can automatically start earning 7.5% APY* on your C1USD balance in your verified Kinesis account immediately. 

The same applies to all other 1:1 fiat-pegged C1 stablecoins, meaning every stablecoin you hold in your verified Kinesis account earns 7.5% APY* - with no lock-ups. 

Your C1USD Yield is calculated daily and credited monthly, directly to your Kinesis account. For all other 1:1 fiat-pegged C1 stablecoins, yields will accrue from launch and be paid retroactively once their respective yields are brought online.

  • If the auto-convert feature is disabled, you can use manual conversion to manage your cash and C1 stablecoin balances separately.
  • If you leave it OFF, you can continue using cash as a separate “funding pool” and convert manually when desired.

Trade or send Currency One stablecoins globally

Currency One stablecoins replace fiat currencies across all trading pairs on the Kinesis Exchange. 

You can seamlessly trade Currency One stablecoins against gold (KAU), silver (KAG), digital assets and other Currency One stablecoins. The Currency One stablecoins are also integrated into the Buy & Sell widget on your Kinesis Home dashboard and can be sent anywhere globally at a low cost. 

  • Trade Currency One stablecoins on the Kinesis Exchange: C1 stablecoins replace direct fiat pairs and can be traded against gold, cryptocurrencies, and other C1 stablecoins.
  • Use the simple Buy/Sell widget: make quick, easy transactions between assets directly from the Home dashboard or the Assets tab.
  • Transfer Currency One stablecoins globally at low cost with the Send, Receive or Request functions.


 

Cash withdrawals

You can convert back from Currency One stablecoins to cash at any time, free of charge.

  1. Use the convert function to move Currency One  stablecoins back into their corresponding fiat currencies.
  2. Navigate to your fiat currency tile under Assets.
  3. Select Withdraw and follow the prompts to send funds to your linked bank account.

*Kinesis Cayman may offer a discretionary yield benefit to holders of Currency One stablecoins on its platform. 

Current indicative rate: 7.5% APY. See Terms of Use. Current variable rate as at April 2026. The Yield is a discretionary benefit offered by Kinesis Cayman and is not a feature of the Currency One tokens themselves. The rate is variable, not guaranteed, and may be changed, suspended or withdrawn at any time without notice. Subject to the Kinesis Cayman Terms of Use and applicable law. 

Yields on C1GBP, C1EUR, C1AUD, C1CAD, C1CHF, C1AED, and C1SGD will accrue from launch and be paid retroactively once their respective yields are brought online.