Stablecoins on Kinesis

Save in euros or dollars — with a monthly yield.

The Currency One suite from Kinesis comprises eight 1:1 fiat-backed stablecoins. Euro (C1EUR) for a stable balance on your Kinesis account. Dollar (C1USD) with 7.5% APY* — reviewed quarterly by Kinesis, paid out monthly, no lock-up.

Live on the Kinesis Exchange since 2025. Issuer: Kinesis Money Panama S.A., with monthly reserve attestations published since October 2025 at currency.one/attestations.

Open your free account →Free · iDEAL deposit · ~2 minutes

01 — What it is

A digital euro or dollar, 1:1 backed by real reserves.

A Currency One stablecoin is a digital representation of a fiat currency (such as euro or dollar) that is 1:1 backed by reserves at regulated financial institutions. One C1EUR always stands for one euro; one C1USD for one dollar. The value does not move with crypto rates — it is not a speculative asset.

The difference from an ordinary bank account: the reserves behind the stablecoin are publicly attested monthly at currency.one/attestations. The difference from a crypto investment: less price volatility than crypto, plus the normal risk of the underlying fiat currency and the issuer risk of the issuer.

Currency One tokens run on two blockchains. On Stellar (fast, low transaction fees ~$0.01) and on Ethereum (ERC-20, with 8 decimals for DeFi integration). As of May 2026, ~50 million C1USD is outstanding on Stellar; on Ethereum ~2.5 billion.

The suite — 02

Eight currencies, one account.

Alongside gold (KAU) and silver (KAG), on Kinesis you can hold, convert and send eight stablecoins from the same account. Currency One has announced C1JPY, C1MXN and C1BRL as the next additions. Conversions between Currency One stablecoins and the platform balance are free internally.

C1EUR

NL focus

Euro

Euro stablecoin for those who want to hold value in euros on Kinesis. Without a conversion spread on internal transfers to other Kinesis balances.

C1USD

7.5% APY*

US dollar

Dollar stablecoin with a monthly interest payout in C1USD. APY reviewed quarterly by Kinesis. No lock-up, KYC required.

C1GBP

British pound

Pound stablecoin for a balance in GBP. Send internationally or convert within Kinesis without a correspondent bank.

C1AUD

Australian dollar

Australian dollar as a digital balance. Relevant for AU payments (PayID) and trading within the Kinesis platform.

C1CAD

Canadian dollar

Canadian dollar stablecoin. For those who want to save or send in CAD via Interac deposits on Kinesis.

C1CHF

Swiss franc

Swiss franc stablecoin — traditionally a safe-haven currency. Hold or convert between Kinesis balances.

C1AED

Dirham (UAE)

Dirham stablecoin for balances and payments in the United Arab Emirates.

C1SGD

Singapore dollar

Singapore dollar stablecoin. Fits with Kinesis' presence in Asian financial centres (Singapore vault, local providers).

*C1USD APY is an introductory rate, variable and reviewed quarterly by Kinesis. The other Currency One stablecoins currently pay no APY.

Comparison · 4 products · 5 dimensions

Kinesis against USDT and USDC.

USDT (Tether) and USDC (Circle) are the two largest fiat-backed stablecoins in the world. Below we compare them against the two Kinesis options you can hold on the same account: the euro stablecoin C1EUR and the gold token KAU (1 KAU = 1 gram of physical gold). On rows where Kinesis structurally chooses differently from the market standard there is a key difference label.

Comparison axis	C1EURKinesis euro stablecoin	KAUKinesis gold token	USDTTether	USDCCircle
Backingkey difference	1:1 euro reserves	1:1 physical gold (1 KAU = 1 gram in the vault)	1:1 US dollar — mix of cash, treasury paper and commercial paper	1:1 US dollar at regulated US banks
Issuer & jurisdiction	Kinesis Money Panama S.A. (Panama)	Kinesis Cayman — CIMA supervision (ref. 1877923)	Tether Limited (British Virgin Islands)	Circle Internet Financial (United States)
Yield on balancekey difference	No interest on C1EUR — but 7.5% APY* on the C1USD variant	Monthly Holder's Yield from the Kinesis transaction-fee pool	No interest on the token itself	No interest on the token itself
Reserve attestation	Monthly, public at currency.one/attestations (since October 2025)	Half-yearly Bureau Veritas audit + monthly reconciliation between tokens and vault holdings	Quarterly — accountant's confirmation from BDO	Monthly — accountant's confirmation from Grant Thornton
Available on Kinesiskey difference	Yes — direct conversion within your account, no spread	Yes — core product of the platform	No — not supported on the Kinesis Exchange	No — not supported on the Kinesis Exchange

Backingkey difference

C1EUR · Kinesis: 1:1 euro reserves
KAU · Kinesis gold: 1:1 physical gold (1 KAU = 1 gram in the vault)
USDT · Tether: 1:1 US dollar — mix of cash, treasury paper and commercial paper
USDC · Circle: 1:1 US dollar at regulated US banks

Issuer & jurisdiction

C1EUR · Kinesis: Kinesis Money Panama S.A. (Panama)
KAU · Kinesis gold: Kinesis Cayman — CIMA supervision (ref. 1877923)
USDT · Tether: Tether Limited (British Virgin Islands)
USDC · Circle: Circle Internet Financial (United States)

Yield on balancekey difference

C1EUR · Kinesis: No interest on C1EUR — but 7.5% APY* on the C1USD variant
KAU · Kinesis gold: Monthly Holder's Yield from the Kinesis transaction-fee pool
USDT · Tether: No interest on the token itself
USDC · Circle: No interest on the token itself

Reserve attestation

C1EUR · Kinesis: Monthly, public at currency.one/attestations (since October 2025)
KAU · Kinesis gold: Half-yearly Bureau Veritas audit + monthly reconciliation between tokens and vault holdings
USDT · Tether: Quarterly — accountant's confirmation from BDO
USDC · Circle: Monthly — accountant's confirmation from Grant Thornton

Available on Kinesiskey difference

C1EUR · Kinesis: Yes — direct conversion within your account, no spread
KAU · Kinesis gold: Yes — core product of the platform
USDT · Tether: No — not supported on the Kinesis Exchange
USDC · Circle: No — not supported on the Kinesis Exchange

*7.5% APY is an introductory rate on C1USD, reviewed quarterly by Kinesis and not guaranteed. Holder's Yield on KAU is variable and depends on the total trading volume on the platform. Reserve-attestation frequency can change over time; consult each issuer's source pages.

03 — C1EUR

For euro savers who don't want to go into gold right away.

Saving in gold is a long-term choice. Not everyone wants to convert their euros into it straight away — sometimes you just want to hold a digital euro balance, ready to send quickly or convert to gold later. C1EUR is made for that: a digital euro that stays 1:1 backed, sits in your Kinesis account, and can move between Kinesis balances in seconds — without an exchange-rate spread.

For the Dutch audience this is attractive because there is no currency risk involved (you are in euros, not dollars) and because internal conversions to KAU (gold) or KAG (silver) happen at the wholesale price, without a bank spread.

Deposit euros with iDEAL or SEPA into your Kinesis account → convert to C1EUR → hold, send, or use as a waiting room for your next KAU purchase. No separate wallet, no extra account.

04 — 7.5% APY*

C1USD earns interest. Monthly. No lock-up.

On all C1USD that you hold, verified, in your Kinesis account, you currently receive 7.5% APY* as an introductory rate. The payout is monthly, in C1USD, and lands automatically in your balance. No fixed term, no notice period — you can get in or out at any time.

The yield comes from a portfolio of traditional and decentralised financial instruments. Kinesis publishes monthly attestations of the reserves that back the 1:1 peg. The APY itself is reviewed quarterly by Kinesis — it is not a fixed interest rate, and the introductory rate can be adjusted.

*APY is variable and not guaranteed. KYC verification of your Kinesis account is required. C1USD is not intended for residents of the United Kingdom.

05 — Who's behind it

Issued by a separate Kinesis entity in Panama.

Currency One stablecoins are issued by Kinesis Money Panama S.A. — a separate entity within the Kinesis group, based in Panama. Not the Kinesis Cayman entity that runs the precious-metal platform. This legal distinction makes the reserves and the stablecoin issuer separately liable.

The reserves are, according to Currency One, held at regulated financial institutions. Each month, Kinesis publishes attestations of these reserves at currency.one/attestations — the standard method in the stablecoin industry to make the 1:1 backing transparent.

On Stellar

~50 million C1USD outstanding. Transaction ~$0.01. Fast for internal Kinesis transfers.

On Ethereum (ERC-20)

~2.5 billion C1USD outstanding, 8 decimals. Usable in external DeFi applications.

06 — In three steps

From iDEAL deposit to a C1EUR or C1USD balance.

Step 01

Open a Kinesis account

Free registration via your referral link. KYC verification usually takes under 24 hours (passport + selfie). No costs, no minimum deposit.

Step 02

Deposit with iDEAL or SEPA

From one euro, free for SEPA transfers and iDEAL deposits. Open Banking supported. The amount is usually in your Kinesis account within minutes.

Step 03

Convert to C1EUR or C1USD

Via the Kinesis Exchange. For C1USD the 7.5% APY* starts from the first moment you hold a balance. No lock-up — you can get out at any time.

Open a free Kinesis account.

Two minutes via iDEAL. Deposit from one euro, convert to C1EUR for a stable balance or C1USD for 7.5% APY*.

Open your free account →

Would you rather save in physical gold? See all Kinesis services →

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Good to know:the 7.5% APY on C1USD is variable and reviewed quarterly by Kinesis. Currency One stablecoins are 1:1 fiat-backed, but subject to the normal risk of the underlying currency. C1USD is not intended for residents of the United Kingdom. Investment in digital assets is complex and high risk — there is a substantial risk of losing any invested capital. No financial advice; consult an independent financial advisor. Source pages: kinesis.money/c1usd and currency.one/attestations.