Kinesis Pro now live with USD1 soft launch

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.

Start trading​

 

[Frieda]

Don't worry about the flat line over the weekend - once proper trading starts it will kick into action.

I thought that the 'purchase' and 'auto purchase would need to be done at best price.
Not sure how to say it, but many of us have been burned by Market orders in the past. The last thing you would want to see, is a market maker fiddling with the price, when you are doing an auto conversion.
Perhaps that's why the terminology is different.
It was interesting to see Coughlin talk a bit about the market making and changes done along the way.

 

[Kin]

A number of new crypto's available via USD1 pairs:

View attachment 7903

Are there any insights on why these specific crypto's have been added to KMS?
Is the selection based on popularity, technical compatibility, potential growth or any other metric?

 

[Kin]

In Vaultside Ep.4 Tom explains the actual development state of Kinesis Pro as 'minimal viable', and that they launched it anyway as a kind of christmas present.

Maybe the official launch anouncement (first post in this thread) should have reflected that a bit more clearly? I know that marketing people don't like to talk about imperfections in new products, but more emphasis of what is still missing might prevent that users get disapointed because they expected more.

Kinesis is all about sound money, i think it should also advocate sound marketing.

 

[sixgun]

In Vaultside Ep.4 Tom explains the actual development state of Kinesis Pro as 'minimal viable', and that they launched it anyway as a kind of christmas present.

Maybe the official launch anouncement (first post in this thread) should have reflected that a bit more clearly? I know that marketing people don't like to talk about imperfections in new products, but more emphasis of what is still missing might prevent that users get disapointed because they expected more.

Kinesis is all about sound money, i think it should also advocate sound marketing.

This was announced as a 'soft launch'. Was that the right terminology? Probably not absolutely correct. Perhaps better call it a beta launch which would be right because that in effect matched what was delivered. I have heard and talked about KPro for what seems like forever and there will have been a lot of pressure to do something before the year end. So we got it warts and all but no-one can say it didn't happen, no-one can say it wasn't released. It is what it is. I am so immersed in bug chasing I have forgotten any disappointment and haven't time for anything that isn't positive. Some of us on the forum are working hard with the Kinesis team to identify the problems and present them to the team along with ideas to improve the platform along the way.

Anyway chill - it's Christmas wherever you might be - US, UK, Europe etc, etc.

 

[Kin]

This was announced as a 'soft launch'.

As I read it the soft launch only referes to the USD1 launch, not to the launch of Kinesis Pro.

Merry Christmas from the Netherlands

 

[Kin]

Were you using the Max button on your KAU/USD1 Limit order?

I also had some canceled market orders (AAVE/USD1) using the Max button.
Entering a value of a few USD1 less solved the issue.

Canceled market orders are not indicated as such, you can only see the canceled status after clicking on the 'open' order?

 

[sixgun]

I also had some canceled market orders (AAVE/USD1) using the Max button.
Entering a value of a few USD1 less solved the issue.

Canceled market orders are not indicated as such, you can only see the canceled status after clicking on the 'open' order?

I do believe this has been spotted and brought to the team as an issue @Uchiki - thanks for pointing it out.

 

[sixgun]

As I read it the soft launch only referes to the USD1 launch, not to the launch of Kinesis Pro.

Merry Christmas from the Netherlands

The general vibe I got was it was a soft launch for KPro as well - the whole package is soft launch - a work in progress.

 

[Dante Roman]

Hmmm interesting update to T&Cs... maybe only until official launch

 

[Lozion]

Hmmm interesting update to T&Cs... maybe only until official launch

Which? Whitepaper updated as well..

 

[Lozion]

All surety bond insurance info removed..

 

[Dante Roman]

Yeah, but I assume/ hope that's because it won't be in place til official launch as stated in VS 5.

T&C's also remove the part about not to be used fro payments...

 

[Schlepti]

I just wanted to post my experience buying HBAR with AUD.

Bank deposit to account took about 25 hours and included a phone call from my Kinesis rep to ensure I wasn't being scammed. I presume this is due diligence for Australian regulation as my account is probably dated 2018. The phone call was about 8 hours after the deposit implying there is some hold up on the kinesis end. Ideally this needs to be brought to instant.

It was then that I realised there was no AUD/HBAR pair which is somewhat expected with the soft launch. I was however a little upset to see there was also no AUD/USD1 pair yet. I opted to route AUD/KAU/USD1/HBAR which incurred triple the fees (and loss from the spread) than hopefully I will have to once the hard launch occurs. Even still, I ended up with approximately 0.4% more hbar than I would have had I purchased through Swyftx (my preferred Australian exchange). This to me means there should be notable price difference when I don't have to trade via the long route.

It is worth noting the app was simple to use and trades were instant with satisfying trade notifications. I did however have to 'cheat' a little as the app won't currently show me any hbar pairs. I have previously bought hbar and usd1 on the desktop browser which allowed me to access the purchase screen from my wallet.

I expect the hard launch will resolve the pairs issue but it is fairly imperative in my opinion that bank deposit to account occurs instantly for mainstream uptake.

I'm getting very excited for the card....surely it can't be long now

 

[Gary]

I just wanted to post my experience buying HBAR with AUD.

Bank deposit to account took about 25 hours and included a phone call from my Kinesis rep to ensure I wasn't being scammed. I presume this is due diligence for Australian regulation as my account is probably dated 2018. The phone call was about 8 hours after the deposit implying there is some hold up on the kinesis end. Ideally this needs to be brought to instant.

It was then that I realised there was no AUD/HBAR pair which is somewhat expected with the soft launch. I was however a little upset to see there was also no AUD/USD1 pair yet. I opted to route AUD/KAU/USD1/HBAR which incurred triple the fees (and loss from the spread) than hopefully I will have to once the hard launch occurs. Even still, I ended up with approximately 0.4% more hbar than I would have had I purchased through Swyftx (my preferred Australian exchange). This to me means there should be notable price difference when I don't have to trade via the long route.

It is worth noting the app was simple to use and trades were instant with satisfying trade notifications. I did however have to 'cheat' a little as the app won't currently show me any hbar pairs. I have previously bought hbar and usd1 on the desktop browser which allowed me to access the purchase screen from my wallet.

I expect the hard launch will resolve the pairs issue but it is fairly imperative in my opinion that bank deposit to account occurs instantly for mainstream uptake.

I'm getting very excited for the card....surely it can't be long now

I've had the same experience as you, for AUD bank deposits. The questions do appear to be tailored towards scam prevention / depositing under duress.

 

[AlM]

Below is the best article I’ve read about stablecoins and the future of payments.

It’s essential reading for everyone here.

I will never again ask ‘When.. ?’ about anything.

Rather, I’m very happy that Kinesis has it right, especially with regard to safety, cost and time.

If you have only a few minutes, start at the end with the numbered points and the conclusion, but the material at the beginning really describes the expensive, slow and fragile complexity to be overcome.

Action: someone senior at Kinesis should take up his offer of contact.

Cryptorails: Superconductors for Payments

Written by Dmitriy Berenzon

paragraph.xyz

 

[Uchiki]

The phone call was about 8 hours after the deposit implying there is some hold up on the kinesis end. Ideally this needs to be brought to instant.

Currently taking a super cautious approach.
My understanding is that the depositing process will become more streamlined.

It was then that I realised there was no AUD/HBAR pair

It's possible that there will be crypto/AUD1 pairs, but from what's been said so far, I think that crypto/USD1 will be the pairings. In any case, the USD1 pairs are likely to have the best liquidity and spreads.

I was however a little upset to see there was also no AUD/USD1 pair yet.

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,

Looking at this comment from Vaultside episode 5...
In the same way that USD becomes USD1 without a fee, AUD should seamlessly become AUD1.
Combining that with the above quote should mean low cost to get from AUD deposit to USD1.
So with what we're doing with the hybrid accounts where basically the USD account is the USD1 account, then, yeah, there will be no conversion fee.
You'll see basically the pair USD to USD1 fall out of the Kinesis system over time.

the app won't currently show me any hbar pairs.

Should be there once Pro is implemented for the mobile app - that's not happened yet.

 

[Schlepti]

Currently taking a super cautious approach.
My understanding is that the depositing process will become more streamlined.



It's possible that there will be crypto/AUD1 pairs, but from what's been said so far, I think that crypto/USD1 will be the pairings. In any case, the USD1 pairs are likely to have the best liquidity and spreads.




Looking at this comment from Vaultside episode 5...
In the same way that USD becomes USD1 without a fee, AUD should seamlessly become AUD1.
Combining that with the above quote should mean low cost to get from AUD deposit to USD1.
So with what we're doing with the hybrid accounts where basically the USD account is the USD1 account, then, yeah, there will be no conversion fee.
You'll see basically the pair USD to USD1 fall out of the Kinesis system over time.


Should be there once Pro is implemented for the mobile app - that's not happened yet.

Thorough as always, thanks Uchiki.

It will be interesting to see how a pair like AUD1/USD1 will compare to Forex providers. I have a sneaking (but maybe biased) suspicion that Kinesis will be one of the cheapest services out there. I suppose initially it will be hidden behind a crypto interface which may not appeal to some customers but in time that can change. The idea of using the virtual card globally is quite exciting to me for this reason.

I think it's a fair comment that AUD/HBAR (and similar) may not exist as a pair (at least initially) but if this were the case, I wonder if some measure could be implemented in the app to make it easier for the user. For example, I can set to buy HBAR with AUD on the app and it automatically routes it via USD1, showing the fees. Currently it just greys out the currency and shows the pair as unavailable.

Whilst I had no issues going the AUD/KAU/USD1/HBAR route, it had to be done manually and there are many people who could be confused by that. I also spent some time looking at different routes and assessing spreads. It's fairly standard when swapping tokens in a DEX to show you the different routes and fees, allowing you to select your preferred option. This is getting fairly complex for the average person looking to simply buy something though.

I'm not necessarily trying to suggest one thing over the other here; I'm just musing after playing around with it.

 

[Uchiki]

Whilst I had no issues going the AUD/KAU/USD1/HBAR route, it had to be done manually and there are many people who could be confused by that.

Yep. It certainly needs to be more straightforward than this.

It will be interesting to see how things look after Currency1 public launch and Pro is implemented in the mobile app.

 

[Uchiki]

Below is the best article I’ve read about stablecoins and the future of payments.

It’s essential reading for everyone here.

I will never again ask ‘When.. ?’ about anything.

Rather, I’m very happy that Kinesis has it right, especially with regard to safety, cost and time.

If you have only a few minutes, start at the end with the numbered points and the conclusion, but the material at the beginning really describes the expensive, slow and fragile complexity to be overcome.

Action: someone senior at Kinesis should take up his offer of contact.

Cryptorails: Superconductors for Payments

Written by Dmitriy Berenzon

paragraph.xyz

Interesting read.
Yes, plenty of complexity to be overcome.

The phrase chicken and egg was repeated a number of times.
Content of Licensing section not surprising, but underlined some of the challenges.

 

[Lozion]

Below is the best article I’ve read about stablecoins and the future of payments.

It’s essential reading for everyone here.

I will never again ask ‘When.. ?’ about anything.

Rather, I’m very happy that Kinesis has it right, especially with regard to safety, cost and time.

If you have only a few minutes, start at the end with the numbered points and the conclusion, but the material at the beginning really describes the expensive, slow and fragile complexity to be overcome.

Action: someone senior at Kinesis should take up his offer of contact.

Cryptorails: Superconductors for Payments

Written by Dmitriy Berenzon

paragraph.xyz

A must read..