We're pleased to share that LBTC is joining Resolv's innovative stablecoin infrastructure as the cornerstone of their new BTC Cluster, marking the first time Resolv has integrated a Bitcoin derivative to back USR.

Expanding Beyond ETH & USD: A New Era for USR

Since launching nearly two years ago, Resolv has built USR into a $312M stablecoin powered entirely by crypto money markets—free from real-world asset risks. Their delta-neutral strategy has traditionally relied on ETH and USD derivatives, but today marks an important evolution.

Within the premise of Clusters, Resolv moves beyond basic carry-trade strategies to unlock the broadest range of yield sources across multiple assets. Each Cluster operates with one asset, and for BTC it’s Lombard. This model optimizes returns on specific collateral types while maintaining USR's stability guarantees.

Why LBTC for the BTC Cluster

The new BTC Cluster launches with LBTC, with Resolv aiming to stake over 1,300 BTC for LBTC during the rollout phase. This strategic move is expected to increase aggregate portfolio returns by 0.3-0.4% compared to their current ETH-based, USD-neutral portfolio combined with simple BTC holdings that lack access to utility yields.

LBTC represents the ideal Bitcoin derivative for institutional allocators:

• Institutional-grade infrastructure: Secured by a decentralized consortium of 15 digital asset leaders
• Market leadership: The largest Bitcoin LST, commanding over 60% market share and ranking as the fourth-largest BTC derivative overall
• Native yield generation: Passive yield derived from staking underlying BTC to Babylon's Bitcoin Staking Protocol
• DeFi composability: Fully-backed by BTC and integrated with over 80 DeFi protocols on 14 chains.

By incorporating LBTC, Resolv gains access to base staking yields while maintaining the flexibility to deploy capital into additional DeFi strategies onchain—creating a more robust and diversified yield profile for USR holders.

A Strategic Multi-Asset Approach

Resolv's Cluster architecture now spans three specialized portfolios:

• BTC Cluster: Powered by Lombard's LBTC
• USD Cluster: Operating in partnership with Fluid
• ETH Cluster: Partner TBA

This partnership demonstrates the growing sophistication of stablecoin infrastructure and Bitcoin's expanding role in DeFi. We're proud to support Resolv's mission of building a truly crypto-native stablecoin and look forward to the continued growth of USR backed by LBTC.