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USDK priceUSDK
Key data of USDK
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About USDK (USDK)
What is USDK?
USDK is a stablecoin based on ERC-20, which has been co-developed by Prime Trust, a US-licensed trust company, and OKLink, a blockchain">blockchain technology company. Each USDK is supported by 1 USD from the Prime Trust Special Account. The monetary value of USDK is 100% reserved, with a guaranteed 1:1 conversion rate between USDK and USD.
How does USDK Work?
USDK stands out for its transparency and reliability. By utilizing a public blockchain, all transactions are easily verifiable and secure from tampering. Smart contracts are integrated to enable real-time tracking and auditing of USDK reserves. In addition to transparency, USDK places a high priority on security. Built on the ERC-20 standard and running on the Ethereum blockchain, it benefits from the robust security measures inherent in the network.
USDK also implements industry-leading security protocols to safeguard user funds and maintain the ecosystem's integrity. USDK is also user-friendly, providing seamless conversion between USDK and US dollars through trusted exchanges or wallets. This offers convenience and accessibility to individuals and businesses alike, eliminating the need for complex and time-consuming traditional banking processes when transacting with USDK globally.