USDK Now Listed on Okcoin

written by OKCoin

USDK Now Listed on Okcoin

We’re pleased to announce that USDK is now listed on OKCoin.

OKCoin users outside of the European Union and the United States can now use US dollars to trade against USDK.

At the end of March, OK Group founder Star Xu announced a collaboration with U.S. trust company Prime Trust. Shortly after, OKLink, an innovative blockchain technology provider, and Prime Trust successfully co-launched USDK. Designed to provide stability and ease of use to crypto investors, USDK is an ERC-20 token that holds a 1:1 ratio of USDK to USD in reserves held in a custodial account with Prime Trust.

As a continuation of its research, development, and application of blockchain technology, OKLink supplies the smart contract technology for the USDK stablecoin, while Prime Trust issues and oversees the anti-money laundering and Know-Your-Customer compliance of USDK holders and investors. As a key supporter of the blockchain industry, Prime Trust offers a range of compliance and financial services that act as “the rails of the digital economy.” USDK has passed smart contract audits by third-party audit firms Certik and SlowMist. In addition, an independent and publicly-registered accounting firm will perform routine audits of USDK reserves and publicize USDK’s monthly attestations.

OKGroup recognizes that with the compliance, transparency, and security they provide, stablecoins are increasingly beneficial for both institutional and retail investors. We hope that this addition to our trading markets will meet the fiat-to-crypto needs of the digital asset space — and bring us one step closer to our mission of making digital assets accessible to the world.

To learn more about USDK, visit the OKLink website.

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