What is USDK?
USDK is an Ethereum-based stablecoin, which is tied to the US dollar. The stablecoin is powered by both – blockchain technology and a US-licensed trust company. Thus, each USDK is backed by one US dollar from the Prime Trust Special Account. USDK and USD have a fixed 1:1 exchange rate, which means that the USDK price tends to stay close to the USD price.
Who Founded USDK?
USDK was launched by OKLink and Prime Trust in 2019.
The USDK blockchain protocol was created by OKLink Fintech Limited, a fully-owned subsidiary of OKG Technology Holdings Limited. The global study, development, and use of blockchain technology are the main priorities of OKLink.
The issuer and administrator of USDK, on the other hand, is a US trust company called Prime Trust, which is dedicated to the blockchain sector. Licensed by the Nevada Banking Commissioners office, Prime Trust offers a variety of services including custody, trust, escrow, payments processing, anti-money laundering compliance, and transaction technology.
Use Cases of USDK
USDK coin can be used for various purposes. For starters, USDK acts as a bridge currency between fluctuating coins such as ETH and stable tangible assets such as the USD.
Also, users can execute and manage all of their trades on some exchanges by dealing with USDK rather than USD.
Moreover, USDK can also be used for more complex investments like staking and lending.
Lastly, thanks to a 1:1 ratio between the USDK price and USD, the USDK coin is useful for conveniently moving money across borders.
Even though the USDK crypto asset is a stablecoin, the USDK price might fluctuate a bit. However, it still remains relatively close to $1. Check out the USDK price chart above.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
32.44K
Followers: 32,449
0.84%
Following
297
0.00%
Posts count
3,956
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
-
Currently, official USDK (USDK) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
-
Title
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Currently, official USDK (USDK) Telegram Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
74 / 100
0.00%
Ahrefs Rank
47,812
0.37%
Organic Traffic (mo.)
75,820
24.18%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
7
Type
Personal
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
Currently, official USDK (USDK) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
USDK hot topics
Currently, official USDK Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@OKLink posts