1 USR = S$0.1766 Singapore Dollar 1 SGD Singapore Dollar = 5.66 USR
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View ChartResolv USR (USR) is a stablecoin designed to maintain a 1:1 peg with the US dollar, operating as a key component within the Resolv ecosystem for decentralized finance (DeFi) applications.
Key takeaways
Resolv USR (USR) is a stablecoin engineered to provide price stability within the volatile cryptocurrency market by mirroring the value of the US dollar.
| Item | Details |
|---|---|
| Name (Ticker) | Resolv USR (USR) |
| Alternative Names | USR Stablecoin |
| Consensus Mechanism | N/A (Ethereum-based ERC-20) |
| Smart Contracts | Yes (Ethereum) |
| Category | Stablecoin / DeFi |
| Hash Algorithm | N/A |
| Block Reward | N/A |
| Max Supply | Variable (Algorithmically/Collateralized) |
| TPS | Subject to Ethereum network performance |
| Scaling Solution | Relies on Ethereum Layer 2 solutions |
| Blockchain | Ethereum |
The Resolv USR stablecoin was developed and is managed by the team behind the Resolv protocol. Resolv is a decentralized finance platform focused on creating lending, borrowing, and yield-generating products. The team designed USR to be the native stable asset within its ecosystem, addressing the need for a predictable store of value and medium of exchange for users interacting with Resolv's smart contracts. The development and ongoing operations are typically overseen by a decentralized autonomous organization (DAO) or a core development team committed to maintaining the stablecoin's peg and security.
Resolv USR operates as a stablecoin on the Ethereum blockchain. Its core mechanism is to maintain a 1:1 value peg with the US dollar. This stability is achieved through a combination of algorithmic logic and collateral backing, though the exact model (e.g., over-collateralization with crypto assets, fractional reserve, or a hybrid) is defined by the Resolv protocol's design. Users can mint new USR tokens by depositing approved collateral into Resolv's smart contracts. Conversely, users can redeem their USR for the underlying collateral, a process that helps arbitrage the price back to its $1 target if it deviates on secondary markets. All these transactions are executed transparently and trustlessly via Ethereum smart contracts.
Resolv USR's primary value proposition is its deep integration within the native Resolv DeFi ecosystem. Unlike generic stablecoins, USR is specifically optimized for use in Resolv's lending pools, as collateral for loans, and in its yield farming strategies. This native integration can offer users preferential terms, such as lower fees or higher rewards when using USR within the protocol. Its value is tied directly to the utility and growth of the Resolv platform. For users active in Resolv's products, holding USR provides a stable asset that is seamlessly functional across all the protocol's services without needing to bridge external stablecoins.
USR serves several critical functions within the decentralized finance space, particularly on the Resolv platform:
USR is a stablecoin available on several cryptocurrency exchanges. For a secure and streamlined trading experience with high liquidity, consider using a major exchange like BTCC.
To minimize costs, traders should look for ""Maker/Taker"" fees.
BTCC - Stands out as one of the lowest-fee exchanges in the industry, particularly for derivatives. Futures trading fees can be as low as 0.01%, making it a preferred choice for high-frequency or high-volume traders who want to preserve their capital."
Buying USR with SGD is supported by most major, regulated exchanges. The best platform depends on your deposit method:
BTCC- A reliable veteran exchange (operating since 2011) where you can easily deposit fiat currency via credit cards or bank transfers to buy USDT. Once your account is funded, you can instantly swap for USR/USDT pairs.
To quickly convert USR to SGD, you need a platform that offers “instant exchange” or “one-click sell” features.
The cryptocurrency calculator and exchange tool on BTCC provides instant valuations for exchanging USR for SGD.
To help users understand the “real-world” value of Resolv USR, BTCC allows you to compare your USR balance to everyday items such as a monthly salary, an iPhone, or a barrel of crude oil. For new investors assessing their purchasing power, this contextual data is extremely valuable."
Trading USR/SGD involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit SGD or USR into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the USR/SGD trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you believe the price will rise, place a buy order.
To Sell (Go Short): If you believe the price will fall, you can open a short position (available in derivatives trading like futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Center
Yes, absolutely. BTCC supports multiple ways to gain exposure to Resolv USR(USR) using SGD, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Resolv USR directly.
Trade on the Spot Market: Deposit SGD and place a buy order on the USR/SGD spot trading pair using market or limit orders, taking direct ownership of the USR.
Trade USR/SGD Futures: For more advanced strategies, you can trade USR/SGD perpetual or dated futures contracts. This allows you to speculate on Resolv USR's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your USR to SGD conversion on BTCC:
Access your account by signing in, or create a new BTCC account if needed.
Go to the trading interface and select the USR/SGD trading pair.
Input the specific amount of Resolv USR you wish to sell.
Verify the displayed exchange rate and your final SGD total.
Confirm and finalize the sell transaction.
Following these steps, your SGD balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the "Crypto Converter" section on our website or within the app.
Type the amount of USR you want to convert into the first field.
The equivalent value in SGD will be instantly calculated and displayed in the second field, using the latest live market rate.
The USR/SGD exchange rate is the current market price at which 1 Resolv USR(USR) can be exchanged for SGD. In simpler terms, it tells you how many SGD one Resolv USR is worth at any given moment.
Currently, one Resolv USR is S$0.1766. The price of 1 Resolv USR(USR) in SGD is constantly changing due to the 24/7 nature of the global cryptocurrency market. To get the live, real-time price, please check the market data section at the top of our platform or visit our dedicated USR to SGD converter.