Table of contents
Q3 2025 Quarterly Update
Virtual Card Update
Americas Launch
Beta testing for the Kinesis Virtual Card is due to start in December. A limited group of users will try spending with gold, silver, digital assets and C1USD before the full public release planned for Q1 2026. When the card goes live across 39 regions that include the United States, the terms will be a 2 percent cashback paid in gold (KAU), a 1 percent contribution from Kinesis into the master fee pool, and no subscription charge.
Other details include the ability to pay with gold, crypto or C1USD, a 0.22 percent conversion fee on most assets, a $10,000 daily spend limit, and zero conversion fee when spending C1USD. The card is expected to work in more than 40 countries. Spending in USD through C1USD carries no conversion cost while any cashback arrives in gold.
UK, Europe, Canada and Australia
After the Americas launch in Q1, the next stage is expansion into ten further markets: the UK, Australia, Canada, Germany, the Netherlands, Poland, Belgium, Spain, Switzerland and one country in Southeast Asia. In those markets Kinesis will still contribute 1 percent of each transaction value to the master fee pool.
Currency One USD (C1USD)
C1USD is a USD-pegged stablecoin that maintains a 1:1 link with its reserves. It was introduced in September. Verified users receive a yield with no lock-up requirement. Transfers and trades can be made on both Ethereum and Stellar at low network costs. Work on institutional use and listings on external exchanges is under way. The token is issued by Kinesis Money Panama S.A.
Yield Program
Yield is paid once a month in C1USD at the end of each month. The starting rate is 7.5 percent APY and is reviewed every quarter.
Currency One Suite
Plans call for additional stablecoins pegged to other major currencies. The set is intended to support hybrid accounts, transfers between currencies and exchanges between the different stablecoins. Expected features include transfers costing less than one cent, access to seven stablecoins in total, availability on Stellar, Solana and Ethereum, and fiat on-ramps.
Kinesis Pay
Merchants can take payments in more than 40 cryptocurrencies, including Bitcoin, Ethereum, gold (KAU), silver (KAG) and C1USD. Settlements occur in seconds and carry a zero transaction fee on the merchant side. A merchant map is available so customers can locate accepting businesses. The map works on desktop and Android; an iOS version is still in development.
USD Deposits and African Expansion
Local ACH deposits in USD are now available for US users, which shortens the time needed to fund an account. In Africa the Yellow Card integration covers Nigeria, Zambia and Kenya. Users can deposit local currency by bank transfer or mobile money and receive C1USD in return.
What to Expect in Q4 and Beyond
Merchant Directory
A public directory of businesses is scheduled to appear on the Kinesis website. Listings will show business details and any current offers so users can find places that accept Kinesis Pay.
Multi-Blockchain Expansion
KAU and KAG tokens are being extended to Stellar, Solana and Ethereum (as ERC-20). The change is meant to make deposits and transfers across those networks simpler. Yield payments on the tokens will continue under the existing rules.