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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.


 
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.
Yes this is what will happen.
It will show in the ranking - eyes on Kinesis.
 
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
I believe that's a different USD1 that kinesis previously looked to work with.
This USD1 is issued by the relatively new Kinesis Global entity. An Australian entity that hints at possibly Australian regulation which would be huge for Western acceptance
 
I believe that's a different USD1 that kinesis previously looked to work with.
This USD1 is issued by the relatively new Kinesis Global entity. An Australian entity that hints at possibly Australian regulation which would be huge for Western acceptance
The secret to acceptance in the western alliance (well the US mostly) would be to back the coins with US treasuries and not euro-dollars. The FED and Treasury will gladly allow any crypto that mops up future US Gov’t bonds issuance..
 
I think it is time for Kinesis to hire a UI expert to sort out the mix of features and pages on the platform.
The home page and assets page seem to be designed for portrait layout (smartphone and tablets), the exchange is basically only usable on a desktop screen, and it gets really weird if you try it on smaller windows/screens:
1734870850444.png

Plus all the inconsistencies in naming and presenting of features and data on different pages.
Why is it 'Instant buy' on the assets page but 'Market buy' on the exchange page?
 
Are USD1/KAU trades fully working or is their limited usage.
KAU/USD1 looks functional to me, but with a less developed order book than KAU/USD.
Spread is wider than KAU/USD and lower liquidity.
Mid price about the same.
I did a test trade on Friday on KAU/USD1, which was fine.

As Tom indicated in Vaultside, we're in an interim period and once implemented fully, only the USD1 pair will exist going forward,

So everywhere you see USD will be USD1. So in with the existing pairs where you got USD that will actually convert to USD1 So that that's the reason why so, you know, there's there's no point in having this sort of interim period where you've got double up sort of USD and USD1 pairs when it's all just going to get converted anyway in Q1 next year.
 
First I placed a Pol/USD1 LIMIT ORDER trade and it executed ok.
Then I tried a KAU/USD1 LIMIT ORDER and I couldn't get it to execute.. just said failed (red wording)
So I tried the MARKET ORDER instead and it filled...(Not something I wanted to do because of suggestions on here about orders changing and getting a bad trade)
I was thinking, I must have not completed the LIMIT ORDER correctly for it to fail... 🤷...
 
First I placed a Pol/USD1 LIMIT ORDER trade and it executed ok.
Then I tried a KAU/USD1 LIMIT ORDER and I couldn't get it to execute.. just said failed (red wording)
So I tried the MARKET ORDER instead and it filled...(Not something I wanted to do because of suggestions on here about orders changing and getting a bad trade)
I was thinking, I must have not completed the LIMIT ORDER correctly for it to fail... 🤷...
Were you using the Max button on your KAU/USD1 Limit order?
 
I am not a big mobile user but i think the Exchange is good on the mobile. Better than desktop. My view on desktop might be i don't like things changing and i am used to desktop but whatever mobile is good IMO.
 
I think it is time for Kinesis to hire a UI expert to sort out the mix of features and pages on the platform.
The home page and assets page seem to be designed for portrait layout (smartphone and tablets), the exchange is basically only usable on a desktop screen, and it gets really weird if you try it on smaller windows/screens:
View attachment 7963

Plus all the inconsistencies in naming and presenting of features and data on different pages.
Why is it 'Instant buy' on the assets page but 'Market buy' on the exchange page?
I think there is a difference between instantly buy and market.

Market is your standard market order which would be expected on the exchange.

Instant buy is, in a way, targeted to the less trade savvy investors. They see their assets and just want to buy without any of the complications of the trading component. They want as much simplicity as possible.
 
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I think there is a difference between instantly buy and market.

Market is your standard market order which would be expected on the exchange.

Instant buy is, in a way, targeted to the less trade savvy investors. They see their assets and just want to buy without any of the complications of the trading component. They want as much simplicity as possible.

When you refer to 'instant buy' in the trading area on the Assets page this is the market order but it is called instant buy for people who don't know what the market order means so it is explained in simple English. Then limit orders are described as target price. It is a difference in terminology not what they actually are.

1734905315917.png
 
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I think there is a difference between instantly buy and market.

Market is your standard market order which would be expected on the exchange.

Instant buy is, in a way, targeted to the less trade savvy investors. They see their assets and just want to buy without any of the complications of the trading component. They want as much simplicity as possible.
Yea, I get that, the aim is to have a simple UI that every user can understand. And that is a good concept. But it should not be mixed with the 'pro' UI for advanced users.
There are two proper ways to do this:
1) separate platforms with different UI, one for beginners and the other for advanced users
2) a selectable UI were the user can choose between a beginner and an advanced UI

Also I have no clue how to use the 'target price' graph dialog to set a price. The 'limit price' dialog is actually more comprehensible.
 
I kinda like the Target Price purchase by chart on the main page. Not that I've used it. And it seems to be broken right now, as I see no chart. I can select % difference (1,5,10%) or change the value.
Wouldn't mind seeing an unbroken version of that available on the exchange.
 
I kinda like the Target Price purchase by chart on the main page. Not that I've used it. And it seems to be broken right now, as I see no chart. I can select % difference (1,5,10%) or change the value.
Wouldn't mind seeing an unbroken version of that available on the exchange.
I agree, it looks cool.
Chart works for me, but only 24h time frame. (KAU & KAG only show straight line in weekend)
But selections get reset every few seconds to reflect actual price. (tried with XRP)
And the chart looks interactive with prices poping up when hovering over it, but you can't actually set a price level by cklicking in the chart.
 
I agree, it looks cool.
Chart works for me, but only 24h time frame. (KAU & KAG only show straight line in weekend)
But selections get reset every few seconds to reflect actual price. (tried with XRP)
And the chart looks interactive with prices poping up when hovering over it, but you can't actually set a price level by cklicking in the chart.
Thanks for your observations Kin.
My charts are stuck at 24Hrs too. Pretty sure I could extend them to 'All' previously.
I had thought that clicking on the chart could change the price too? Perhaps that also is a weekday setting?
 
Don't worry about the flat line over the weekend - once proper trading starts it will kick into action.
 
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