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Kinesis Pro now live with USD1 soft launch

kinesis pro trading interface shown with selection of digital assets

Kinesis Pro delivers a professional exchange trading experience, providing users with the enhanced ability to trade and manage risk on their digital asset portfolio. Starting with 40+ established digital assets and advanced order types, there will be a perpetual expansion of products and tools to provide value to the active trader.

We are pleased to launch Kinesis Pro within the Kinesis platform on 100% Kinesis-owned and operated technology. Along with our new market-making platform, we are excited to be able to rapidly deploy new digital assets to our community, including both established and emerging products.

In concert with Pro, Kinesis also soft-launches our native USD stablecoin, USD1, for our community, with an official launch planned for next quarter.

USD1 is a digital currency pegged 1:1 to the US dollar, which will initially be serving as a base currency for the new crypto pairs on Kinesis Pro. For the soft launch, USD1 launches with 12 billion US Dollars ($12,00,000,000) worth of coins in circulation and an initial backing of an equivalent value of over 15 billion US Dollars ($15,000,000,000). Straight out of the gates from day one, USD1 ranks as the third-largest USD-pegged stablecoin in the industry by market capitalisation, and within the top 20 digital assets overall.

USD1 is initially offered on both the Stellar and the ERC-20 public blockchains providing users the combined benefits of both chains. Stellar, with its fast transaction speeds and low fees, and ERC-20, with its universal integrations.

Attestations​


In line with Kinesis’ commitment to transparency, monthly independent attestations will verify the backing of USD1. We have governance structures to maintain an over-capitalisation of the asset reserve to the value of the coins in circulation, offering an additional layer of protection.

For the USD1 soft launch, monthly independent attestations of the asset reserve backing USD1 will be conducted by a number of high level third-party law firms. Attestations from multiple, independent firms verify that the quantity of US Dollars backing the USD1 coins in circulation is exactly as stated. As with all native Kinesis digital assets, these independent reports are publicly available.

View the first attestation here.

While attestations verify the backing of USD1, our public blockchains maintain a live, immutable digital record of all USD1 coins in circulation. We encourage our users to compare the figure recorded in the attestations with the quantity of USD1 coins in circulation, across our two public blockchain explorers:

View USD1 Stellar here
View USD1 ERC-20 blockchain here

USD1 is the first off the ranks of the Currency One suite of fiat stablecoins, with 10+ new stablecoins – including GBP1, EUR1, AUD1, CAD1 and more – to launch in Q1 2025. For the official launch, the entire Kinesis stablecoin suite will feature an industry-first security measure, and advanced payment capabilities and an even further robust attestation process.

Kinesis Pro​


The Kinesis Pro offering opens up Kinesis to the global crypto trading community and the multi-trillion dollar crypto market. Kinesis uniquely enables traders to diversify with real-world assets and earn sustainable yields, without the staking or lock-ups typical in the crypto industry.

The new Kinesis Pro website introduces users to the enhanced features and functionality of the Pro exchange, along with its expansive ecosystem of digital assets.


Kinesis Pro replaces the Kinesis Exchange as the primary trading interface on the Kinesis platform, delivering professional-grade trading:
  • 29 new digital assets
  • 150+ trading pairs
  • Stop market orders
  • Stop limit orders
  • Instant trade execution
  • Native USD-pegged stablecoin: USD1
  • Pro trading interface
  • Improved liquidity
  • Mobile responsive

This crucial evolution and segmentation of the platform sees Kinesis Pro catering to traders, while less experienced users are encouraged to make limit or market orders through the simplified buy/sell widget on the dashboard.

New digital assets​


The 29 new digital assets added to the Kinesis platform bring the total pairs available on the platform to 150+. New digital assets will continue to be added to Pro, including via Initial Exchange Offerings (IEOs) making it a hub of activity and innovation.

New Kinesis Pro interface​


The Kinesis Pro exchange interface delivers an intuitive and efficient trading experience, enabling Kinesis users to manage an advanced trading workflow, while accessing critical market information:
  • Enhanced layout design
  • Optimised order book positioning
  • Advanced chart configuration
  • Streamlined navigation
  • Trading functionality upgrades
  • Comprehensive order management
  • Advanced market data display
  • Refined user experience
  • Enhanced trading pair navigation
  • Optimised buy/sell interface

It is important to note, that this is just the start of the Pro experience and the exchange will continue with major enhancements and feature additions in perpetuity. 2025 will see many new feature additions enriching the user experience.


Alongside the transformative liquidity of USD1, the liquidity across all digital asset pairs will see a marked improvement on the Kinesis platform. Furthermore, our liquidity will increase throughout 2025.


The Kinesis Pro exchange will be available across a range of devices, including desktop, mobile and tablet, via the enhanced Kinesis web app. With work already underway, the Pro exchange is scheduled to launch on the Kinesis app in the new year.

USD1​


USD1 enables instant, low-cost global transactions. Kinesis offers a dependable asset for on-ramping and off-ramping funds into the Kinesis system, enabling seamless access to gold (KAU) and silver (KAG).
  • Transaction speed: Seamless global settlements through the Stellar and ERC-20 blockchains
  • Low-cost: Benefit from cost-effective cross-border payments, for less than a cent
  • Liquidity: Instant deep pools of liquidity available 24/7
Targeting institutional investors, USD1 introduces innovative on-ramping methods and supports fast, low-cost global payments. Users can trade USD1 against gold (KAU) and silver (KAG), further enhancing the ecosystem with substantial liquidity.


USD1’s high liquidity will amplify the recognition of the Kinesis brand across the industry. As the native USD-pegged stablecoin secures listings on additional exchanges, visibility of USD1 and Kinesis will grow, and so too will the on-ramping of capital into the Kinesis platform.

USD1 and Currency One official launch​


Scheduled for Q1 2025, all new stablecoins will be backed by an industry-first All-Risk Surety insurance wrap – making them, arguably, the most secure stablecoins on the market.

For public launch, the attestation process will be further reinforced. Monthly independent attestations of the asset reserve backing each stablecoin will be issued by a major third-party law firm. From there, a leading independent auditing specialist will reconcile the attestations with the quantity of each stablecoin in circulation on Kinesis blockchain explorers.

With 10+ major fiat-backed stablecoins live, users will be able to send and exchange multiple fiat-backed stablecoins at extremely competitive rates.

This is the first step in unveiling an expansive real-world asset project that we have been working on intensively for around 18 months with much more to be unveiled at the official launch in Q1 2025, positioning us to be a leader in the stablecoin and real-world asset space.

Starting with USD1, we now begin a gradual public unveiling of a strategic plan to aggressively expand in the stablecoin and real-world asset space. While always remaining true to our core Kinesis values and vision to sound money, you will now begin to witness a scaling up in our commercialisation efforts to all levels of society, as a tremendous amount of groundwork comes to the forefront over the next year.

Currency One stablecoin suite​


This upcoming Currency One stablecoin suite will enhance global accessibility, deepen liquidity, and provide users with seamless, cost-effective pathways to engage with precious metals and cryptocurrency markets across the globe.

By offering pairs between 10+ fiat-backed stablecoins, Kinesis will provide users with low-cost foreign exchange (FX) conversions between the world’s major currencies. The suite offers a near-instant, cost-effective solution for moving between fiat currencies within the Kinesis Monetary System. By minimising conversion fees and optimising exchange rates, Kinesis will position itself as a competitor in the global remittance space.

Moreover, stablecoins will be integrated within K-Pay, allowing payments alongside gold (KAU) and silver (KAG), positioning Kinesis Pay as a competitive merchant payment solution. This expansion allows both users and businesses to transact in fiat, alongside exploring gold and silver as alternative value-added currency options.
The launch of the Kinesis Pro exchange and USD1 represents a transformative step in the evolution of the Kinesis platform. By combining a wide selection of pairs, professional-grade trading features, and substantial liquidity, Kinesis equips users with a trading environment that meets the needs of pro traders.

Kinesis Pro exchange alongside USD1 stablecoin positions Kinesis for significant growth as crypto traders and institutional partners increasingly adopt the platform. The exchange and its native stablecoin are poised to drive substantial volume within the Kinesis ecosystem, resulting in higher yields for Kinesis users.


 
As in the announcement, this is currently a soft launch, with public launch to follow:


I know that you were having some issues with the Coinbase route.
Might be worth giving Decaf a try:
Another concise explanation here:

Several people have reported that it works efficiently (including myself here
Being in the US, you wouldn't have the FX costs.

Sending USDC via ERC20 ended up costing less than $4 if I timed the transfer correctly. No too bad. I haven’t been able to confirm yet, but I think me living in New York was causing problems with the USDC/Stellar transfer. Therefore I don’t think the Decaf solution would work either given the reliance on the Stellar network…

Thanks tho…
 
How long before USD1 is available to trade on third party exchanges like Coinbase? Kinesis is still a PITA for US users needing to load money into their accounts.
I use coinbase for USDC on stellar. Anything under about $1000 is instantaneously available and free entirely. Takes under 20 seconds to get money onto kinesis.
 
Anything under about $1000 is instantaneously available and free entirely.
One of the noteworthy advantages of Decaf is the very generous deposit allowance. You can deposit up to $10,000 in one transaction and up to $100,000 during a month. Also, Coinbase seems to be quite fussy about someone's funding source (They rejected my bank without explanation). Decaf, on the other hand, seems eager to approve any bank or credit union that has good standing in the United States.
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Decaf deposits.jpg
 
One of the noteworthy advantages of Decaf is the very generous deposit allowance. You can deposit up to $10,000 in one transaction and up to $100,000 during a month. Also, Coinbase seems to be quite fussy about someone's funding source (They rejected my bank without explanation). Decaf, on the other hand, seems eager to approve any bank or credit union that has good standing in the United States.
◽
View attachment 7937
well I don't have to worry about that because we're poor over here lmfao but that is pretty cool. I should start using decaf.
 
One of the noteworthy advantages of Decaf is the very generous deposit allowance. You can deposit up to $10,000 in one transaction and up to $100,000 during a month. Also, Coinbase seems to be quite fussy about someone's funding source (They rejected my bank without explanation). Decaf, on the other hand, seems eager to approve any bank or credit union that has good standing in the United States.
◽
View attachment 7937
Not only that but anyone can deposit in your account and you can off ramp to someone else's account as well..
 
So what is the reasoning behind the development of USD1? What benefit does it have to the overall Kinesis platform? Given they already accept trades with USDT and USDC, what does yet another stable coin linked to the value of the USD offer? Especially when the “product” appears to be backed by a loose connection to a banking deposit of $15billion dollars deposited in some European institution? What’s the end game??
 
So what is the reasoning behind the development of USD1? What benefit does it have to the overall Kinesis platform? Given they already accept trades with USDT and USDC, what does yet another stable coin linked to the value of the USD offer? Especially when the “product” appears to be backed by a loose connection to a banking deposit of $15billion dollars deposited in some European institution? What’s the end game??
I think the USD1 by itself is a bit pointless but I can see the value when you have a bunch of currencies. Imagine it as a bank where you can cheaply swap between all the different currencies/crypto. Eg. Deposit AUD to get AUD1 and buy some HBAR. Sell some HBAR for USD1 which you later use to buy KAU as well as swap some USD1 to GBP1 because you're going on holiday.

I see Kinesis as a one stop shop for global banking needs with minimal fees compared to the current system, which ultimately operates on fractional reserve banking. Kinesis appears to be creating a fully backed monetary system to address all aspects of financial needs for global reach.

The One Currencies just seem to be a way to make the funding from Kinesis users transparent. Once you deposit fiat into an exchange, you have no real idea what they do with the money (FTX for example). This kind of opens the curtains where everyone can see that the funds are really there. I deposit AUD to buy AUD1 and can always see that they really have enough AUD for me to withdraw.

I think the sum is more than the individual parts here and honestly, I'll be super happy when I can finally just have all my finances (savings, spending, crypto etc.) in one place. At least, this is how I see it but I'm happy to see what other people think.
 
I've just watched the vaultside and have to say, everyone should take the time. The USD1 is much more exciting than I initially realised.

Once USD1 is hard launched, will coinmarketcap update showing it as the 15th largest crypto? Pretty crazy to think but i guess it has to?

Overnight there is a new, better player in the game.
 
I think the USD1 by itself is a bit pointless but I can see the value when you have a bunch of currencies. Imagine it as a bank where you can cheaply swap between all the different currencies/crypto. Eg. Deposit AUD to get AUD1 and buy some HBAR. Sell some HBAR for USD1 which you later use to buy KAU as well as swap some USD1 to GBP1 because you're going on holiday.

I see Kinesis as a one stop shop for global banking needs with minimal fees compared to the current system, which ultimately operates on fractional reserve banking. Kinesis appears to be creating a fully backed monetary system to address all aspects of financial needs for global reach.

The One Currencies just seem to be a way to make the funding from Kinesis users transparent. Once you deposit fiat into an exchange, you have no real idea what they do with the money (FTX for example). This kind of opens the curtains where everyone can see that the funds are really there. I deposit AUD to buy AUD1 and can always see that they really have enough AUD for me to withdraw.

I think the sum is more than the individual parts here and honestly, I'll be super happy when I can finally just have all my finances (savings, spending, crypto etc.) in one place. At least, this is how I see it but I'm happy to see what other people think.
I understand the use case behind stable coins, but as a sound money advocate, I fear that Kinesis is walking away from their founding principals and moving towards the fast and easy path of peddling in electronic fiat derivatives. I thought KAU/KAG were supposed to be the stableist of stable coins?
 
I understand the use case behind stable coins, but as a sound money advocate, I fear that Kinesis is walking away from their founding principals and moving towards the fast and easy path of peddling in electronic fiat derivatives. I thought KAU/KAG were supposed to be the stableist of stable coins?
I think that's a fair point. I personally like this new direction and see it as a way to further the dream of creating a modern monetary system, but I can see how it may not be in line with what was originally proposed.
 
Vaultside 5 just described the current platform that includes USD1 and, soon, other stablecoins, real world asset tokens, and certain cryptocurrencies.
This acknowledges the status quo and addresses the likely needs of the near future, all designed to attract as wide an audience as possible today.
Tom did describe, though, the increased focus from Q1 2025 on encouraging more merchants and individuals to accept the native KAU and KAG assets, admitting that this is a tough ask right now. For me the stablecoins and cryptocurrencies could be viewed as stepping stones that may always, however, remain in place, offering continued choice to people globally.
So...a work in progress.
These considerations are important, but I was repeatedly distracted by the clacking noise of my jaw hitting the floor because of:
1.The level ($12b) of USD1 minting and ($15b) insurance, placing the Kinesis USD1 high up the list of such assets globally, not done by others;
2.The unique and *patented* approach to the insurance of all the NNN1 assets because that intellectual property is adding, even implicitly, to the value of all our KVTs;
3.The release asap of Pro, maybe “puking and mewling in its mothers’ arms” for now, but every 500lb gorilla has to start somewhere and it works now;
4.The tidal shift in the regulatory waters, led by strong, sound money advocates, such as Judy Shelton, as described in her recent book;
5.The determination and constancy of the team, with the addition of ideally placed new leaders, while acknowledging that Jim was irreplaceable;
6.The readiness of marketing and technical solutions to support partner and other programs.
These blokes and blokesses are doing some special stuff that’s never before been attempted, while maintaining the philosophy and ethos. Things will look very different and all in a positive way by this time in 2025, but think of 2026, 2027...
 
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Some benefits that I see of the Currency1 suite...

Reaching out to the masses

In Vaultside episode 4, Tom talked about reaching out to the masses and an everyday contractor payment.

I can say to them, oh, can I just send you gold? And, you know, like, you can do it that way. It's now, without sort of sitting down and having a meeting with them and explaining how it all works on Kinesis, it's a big leap that they need to face.

It's a quantum leap for them to get their head around just the whole accounting side, and the tax side, because they are living in the real world where they need to do tax and accounting. So, whereas, let's say, for example, it's still easy to send, like, KAU and KAG, it's like, hey, what's your email address?

Boom, send, and they get their equivalent amount. But still, to have that conversation around receiving gold or silver, it's still a big step consciously for them. Whereas, if we could bring parties, and that's from, you know, the small contractor level to large businesses, and even governments, for that matter. If we can bring them into the Kinesis system via legal tender currency, but just do it better than anyone else in the market by a quantum mile, then that would really, really assist.


So, I can see USD1 or one of the other Currency1 suite being used to transfer value to people (in their local stablecoin) to introduce them to the KMS.
With hybrid accounts, they have the option to simply offramp the payment.

However, the option is there to use some of the features of the KMS.
  • They can make fast, low cost payments to others to introduce them to the KMS or perhaps sign up for the virtual card.
  • If they take advantage of the virtual card, they can get rewarded for their spending.
  • VDC card cashback drops KAU into their KMS account.
  • If they use Metalback, they get more KAU dropped into their account.
  • Going past the end of the month, they get Holder yield on those rewards.
  • They start to notice that the rewards are holding their value better than their local currency, so may decide to convert some of it into KAU.
  • They may add KAU to the spend sequence for the virtual card.
  • Their KAU trades/liquidations see Velocity yield dropping into their account the next month.

So in this case, we have an easy introduction of someone to the KMS, without them having to mull over the new concept of using gold and silver before taking the plunge.
Once they have an account, the benefits of migrating to gold and silver gradually percolate through.
No doubt, this process will be aided by effective communication from the Kinesis marketing/creative teams.


Reaching out to Merchants

Kinesis Pay will offer more cost effective payment receipt for merchants.
Daniel related to the enthusiasm from the US NFIB about reducing their costs in this regard.


The conversation with a merchant will be even easier if they are able to receive their local Kinesis stablecoin as a first step.
Perhaps incentives would be offered to customers to use Kinesis Pay (there were hints in Vaultside episode 5).
Merchants will no doubt be paying a fee for Kinesis Pay receipts, whether they receive stablecoin or KAU/KAG, which boosts the fee pool.
The likely scope of merchants is much wider than if it was just limited to KAU/KAG.
Merchants will obviously need a KMS account to use Kinesis Pay.
Initially, the merchants may be focused on stablecoin payments, but again there's the percolation effect of having KAU and KAG alternatives.
Any customers they attract to using Kinesis Pay are going to need to open KMS accounts.


Other crypto exchanges/Crypto traders

The best in class stablecoins should pique interest for crypto traders to look at Kinesis Pro.
Once the stablcoins are on other exchanges, this will allow easy transfer of value into the KMS/Pro.
This means new KMS accounts, which may also take advantage of the features on offer.
Any crypto trading contributes to KAU and KAG yields.


Real World Assets

We've only had hints so far about the nature of these, however, those have suggested that the size of the trading in these instruments will be large scale.
These type of assets are currently generally traded in fiat, with USD making up a significant portion.
Without offering fiat settlement, possibilities with these types of assets would be limited.

The instant settlement offered by USD1, with all it's surety is going to be an attractive feature.
If Pro offers alternative means of settlement in gold that's just as straightforward, then once trading of these assets is established, it's possible that the originators of some products will make that migration.


Summary

In each of these cases, Kinesis will be providing an environment that's quite familiar to what people are already used to, then drip feeding them a better alternative.
I guess there's an option
  1. to keep things purist eg within the precious metals community (/island?)
  2. or to reach out to everyone, more or less on their terms, welcoming them in and presenting alternatives in an attractive way.
The second is more in line with what I've always perceived Kinesis as doing and the route being taken looks like a promising way to achieve this.

Repeating what Tom said:
... to have that conversation around receiving gold or silver, it's still a big step consciously for them. Whereas, if we could bring parties, and that's from, you know, the small contractor level to large businesses, and even governments, for that matter. If we can bring them into the Kinesis system via legal tender currency, but just do it better than anyone else in the market by a quantum mile...
 
I think that's a fair point. I personally like this new direction and see it as a way to further the dream of creating a modern monetary system, but I can see how it may not be in line with what was
I think that's a fair point. I personally like this new direction and see it as a way to further the dream of creating a modern monetary system, but I can see how it may not be in line with what was originally
 
Is the Kinesis USD1 affiliated, controlled or otherwise integrated with the Unitas Foundation? Not to be mean, but those guys look like a bunch of clowns given the amateurish headshots listed on their site. I’d be hard pressed to take them seriously and entrust them with such a large undertaking.

Also, who fronted the $15bn that is backing the initial batch of USD1?

TY
 
Some indication here from Vaultside episode 2, including the common alignment with Kinesis ethos. I doubt that we'll get more than that.
The product(s) is likely the real world assets that have been alluded to, rather than the stablecoins.

It'll be sequential in different parts of the world. It brings in increased resources and funding as well. And one of the most exciting things it also brings in, that we've been working on for actually quite some time...
I may have alluded to it previously. It's a very creative product. It is in the asset backed digital currency space, but it's new, it's innovative, it's creative, it's evolutionary as opposed to revolutionary.

I would say it's taking the step up to the next level. We are evolving. And it's highly unique. It's something that I really have firm conviction will change the world and change the world for the better.
It will serve humanity in the way that it should and it's going to bring online a lot of value
not only into the Kinesis system but into the monetary space. So we've been working on this project with our partner for some time now.

We're sort of deep into it and it's actually that project that really brought the impetus in us joining our collective forces together. To the extent that I actually just went in to meet our partner and thought that we'd close to discussions within two days, I ended up having to extend my time to two weeks of intensive conversations and discussions there just as things grew.
And we just decided to basically join forces on this and it's very exciting.

You're going to see a massive ramp up in capabilities. There's not much more I can say as it pertains to that, except that this partnership there is going to serve the Kinesis community in a big way. It's going to accelerate things well beyond our ability to organically grow this, you know, to give, to bring some quantum to it.
To be able to do what these guys do, it would take billions of dollars in resourcing and probably about 20 years. So that's the jump ahead that we're getting there with this partnership.
 

External Exchange listings​

In the first quarter of the year, Kinesis gold (KAU) and silver (KAG) were listed on the Dubai-based Emirex exchange, introducing Shariah-compliant physical precious metals to the thriving Middle Eastern markets.

In addition, Kinesis gold was listed on the BitMart cryptocurrency exchange, offering traders and investors more avenues to buy, sell and trade physical gold and silver outside of the Kinesis platform. The exchange listings of Kinesis’ digital assets provide further access to the stable value of precious metals through fairly-priced, fully-allocated physical gold and silver.
 

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