Press release

OKEx Lists USDK, Compliant USD-Pegged Stablecoin by OKLink and Prime Trust

Sponsored by Businesswire

OKEx, a world-leading cryptocurrency exchange, today announced its new
listing of USDK, a US Dollar-pegged stablecoin co-launched by its
strategic partner OKLink and Prime Trust. The new stablecoin will be
listed on OKEx’s fiat-to-token (C2C) trading platform against six fiat
currencies – CNY, VND, GBP, RUB, EUR and TRY, and spot trading platform
with 11 trading pairs as below as well.

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Compliant stablecoin USDK is now listed on OKEx fiat-to-token (C2C) and spot market (Graphic: Busine ...

Compliant stablecoin USDK is now listed on OKEx fiat-to-token (C2C) and spot market (Graphic: Business Wire)





USDK is a ERC-20 stablecoin co-developed by OKLink, a blockchain
technology company, and Prime Trust, a US-licensed trust company. Every
USDK is backed by 1 USD from the Prime Trust Special Account. With a
guaranteed 1:1 conversion rate between USDK and USD, the monetary value
is 100% reserved. Also, an audit firm will provide monthly reports for
maximum transparency to the public.

To celebrate the listing, OKEx will launch a 2-day campaign together
with OKLink, offering a 1% conversion premium exclusively to OKEx’s
users. During the promotion period, users can convert USDT to USDK at a
special rate of 1 to 1.01.

“We are excited about the listing of USDK. With the support of the new
stablecoin, we are one step forward to foster a new blockchain-driven
economy, encouraging financial inclusion through achieving
disintermediation,” said Andy Cheung, Head of Operations of OKEx. “We
understand the pains in terms of third-party auditing. But with this new
launch of a compliant stablecoin, we hope to provide our users a secure
and reliable trading experience guaranteed by high transparency and
regular audit. In the future, we are looking forward to incorporating
USDK into more decentralized applications within OKEx’s ecosystem.”

more of USDK


About OKEx

OKEx is a world-leading digital asset exchange headquartered in Malta,
offering comprehensive digital assets trading services including token
trading, futures trading, perpetual swap trading and index tracker to
global traders with blockchain technology. Currently, the exchange
offers over 400 token and futures trading pairs enabling users to
optimize their strategies. The platform provides a safe, reliable, and
stable environment for digital asset trading, serving millions of
customers from over 200 countries and regions.