Back to Stablecoins
Rank #30KAGCommodity-Backed
Kinesis Silver
Pegged to
Silver (1 troy ounce)
Market Cap
$30.00M
24h Volume
$500.0K
Circulating Supply
1.00M KAG
Total Supply
1.00M KAG
Peg Target
Silver (1 troy ounce)
Collateral Type
Commodity-Backed
Issuer
Kinesis Money
Launch Date
01-09-2019
About Kinesis Silver
Kinesis Silver (KAG) is a silver-backed digital currency in the Kinesis monetary system. Each KAG token represents 1 troy ounce of physical silver stored in insured vaults. Like its gold counterpart KAU, KAG is designed to function as a usable currency with debit card integration and a yield system. KAG provides blockchain-based exposure to silver, allowing investors to hold, trade, and spend silver-backed tokens with the speed of the Stellar network.
Supported Blockchains
Pros
- Physical silver backing in insured vaults
- Spendable via debit card
- Part of comprehensive monetary system
- Low transaction costs on Stellar
Cons
- Very niche market
- Stellar ecosystem limitations
- Low liquidity compared to gold tokens
- Silver price volatility
Key Features
1 KAG = 1 troy ounce of silver
Insured vault storage
Debit card spending capability
Yield from usage and holding
Part of Kinesis monetary system
Fast transactions on Stellar
Stablecoin Information
Category
Commodity-BackedCollateral Type
Commodity-BackedIssuer
Kinesis Money