Buy USDK
What is USDK?
USDK is a stablecoin operating on the Ethereum platform, designed to maintain a 1:1 exchange rate with the US dollar. It is backed by a 100% reserve held in a special account by Prime Trust, a US-licensed trust company, ensuring transparency and security. Its primary purpose is to provide a stable and scalable cryptocurrency for decentralised finance (DeFi) applications and as a medium of exchange.
How does USDK work?
USDK functions as an ERC-20 token on the Ethereum blockchain, inheriting Ethereum's consensus mechanism, which is transitioning from Proof of Work (PoW) to Proof of Stake (PoS). It is backed by US dollar reserves managed by Prime Trust, which ensures compliance and transparency through monthly attestations. While no unique algorithms are mentioned, USDK leverages smart contracts for transactions and integrations within the Ethereum ecosystem.
What are the potential use cases for USDK?
USDK has several real-world applications, including:
- Facilitating transactions and payments.
- Staking and mitigating loss in DeFi protocols.
- Serving as a medium of exchange in decentralised applications.
- Providing a stable store of value in volatile crypto markets.
- Enabling cross-border transactions and remittances.
It is used across industries such as DeFi, cryptocurrency trading, e-commerce, blockchain gaming, and cross-border finance.
What is the history of USDK?
USDK was launched in 2019 by OKLink and Prime Trust. OKLink Fintech Limited, a subsidiary of OKG Technology Holdings Limited, developed the USDK blockchain protocol, while Prime Trust acts as the issuer and administrator.
Significant milestones include:
- 2019: Launch of USDK.
- 2019: Listing on OKEx with multiple trading pairs.
- Current supply: 28,600,072 tokens.
Since its inception, USDK has established itself as a compliant and transparent stablecoin, gaining adoption through integration with multiple blockchain networks and listing on major exchanges. Its role in various DeFi applications continues to expand.
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Frequently Asked Questions (FAQs)
What is the current price of USDK (USDK)?
The USDK price is $0 AUD, representing a 0% from the day prior.
Where is the best place to buy USDK (USDK) in Australia?
The best place to buy USDK (USDK) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell USDK (USDK) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of USDK (USDK)?
The trading volume of USDK (USDK) is $0 AUD in the last 24hrs, representing a 0% from the day prior.
How can I buy USDK (USDK)?
USDK (USDK) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of USDK (USDK)?
The current market cap of USDK (USDK) is $0 AUD.
Can I convert USDK (USDK) to cash?
Yes - With Coinstash you can convert your USDK (USDK) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many USDK (USDK) are there?
The current circulating supply of USDK (USDK) is 0.
Is Coinstash a safe place to buy USDK (USDK) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling USDK (USDK) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.