Resolv received $ 10 million for the development of a stable USR coin

The Resolv project completed the CID round of financing in the amount of $ 10 million to launch its main product-USR stabelcoin, provided by the ether (ETH) and tied to the US dollar. The protocol is positioned as a decentralized solution for stable calculations, offering a more transparent and native alternative to traditional stablecoins, the provision of which often depends on centralized assets.

The rank was headed by the venture funds Maven11 and Cyber ​​Fund. Among other sponsors were such large participants in the crypto industry as Coinbase Ventures, Susquehanna, Animoca Brands and Arrington Capital. A high level of interest on the part of institutional investors indicates the demand for decentralized stable assets, especially in the context of increasing pressure on centralized decisions of regulators.

The Resolv protocol offers the release of USR stabelcoin with full support in ETH, which makes it sensitive to the volatility of the ether, but at the same time increases the decentralization of the system. Unlike analogues, Resolv does not rely on dollar reserves or bank accounts, but works exclusively on the basis of smart contracts and native cryptoeconomics.

USR is positioned as a more stable and transparent steablecoin for Defi applications, especially in conditions of growing distrust of centralized issuers after the collapse of several large projects. The participation of funds such as Animoca Brands and Coinbase Ventures indicates the prospect of using USR not only in financial, but also in game ecosystems, as well as meta -combat combat -outs.

The SID round will allow the Resolv team to scaling the development and conduct an audit of the protocol, prepare for the launch of token in the main networks. The development strategy will be focused on security, liquidity and compatibility with leading Defi infrastructures.

Author

Peter Ivanov