Binance will distribute a new cryptocurrency to its users this Wednesday (11)

The project is linked to the stablecoin sector, which has been gaining strength in recent months.

Binance, the largest cryptocurrency exchange in the world, announced this Wednesday (11) that it will be distributing a new cryptocurrency to its users. The token in question is up 77% in the last 24 hours, showing market excitement.

The distribution is part of the ‘HODLer Airdrop’ program, benefiting Binance users who previously interacted with other tools of the exchange using BNB, such as Simple Earn and On-Chain Yields.

This is the 21st project distributed by Binance in this program. Last month, the exchange launched the coins SOPHON, Haedal, Nexpace, and Stakestone.

Binance will distribute 20 million RESOLV tokens to its users

The project in question is called Resolv and has two cryptocurrencies, Resolv (RESOLV) and the stablecoin Resolv USR (USR). The token to be distributed by Binance is the first one, currently priced at $0.38.

In summary, Resolv is a protocol responsible for maintaining the USR, a stablecoin backed by Bitcoin and Ethereum, but pegged to the US dollar.

As a comparison, it would be like Ethena (ENA) and its stablecoin Ethena USDe (USDe).

In total, Binance will distribute 20 million RESOLV to its users this Wednesday (11). The amount represents 2% of the total supply but 15.58% of the current circulating supply.

“Users who staked their BNBs in Simple Earn products (Flexible and/or Locked) and/or On-Chain Yields between 05/28/2025 at 00:00 (UTC) and 05/31/2025 at 23:59 (UTC) will receive the airdrop distribution.”