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View ChartUSDK is a USD-pegged stablecoin that was launched on May 17, 2019. It is classified as an asset-backed stablecoin and a USD stablecoin, meaning its value is designed to track the United States dollar. The token was issued on the Ethereum blockchain as an ERC-20 token. USDK has a current supply of 28,600,072 tokens, which represents 100% of the total supply. The project is listed on its official website at oklink.com and is tracked across multiple market data platforms.
USDK is issued by OKLink Fintech Limited, a Hong Kong company and a wholly-owned subsidiary of LEAP Holdings Group Limited (1499.HK). Each USDK is backed by 1 USD held by Prime Trust LLC, a US company based in Las Vegas. The company was founded in 2017 by CEO Christopher J. Liddell and CTO Jarad S. White.
USDK operates as an asset-backed stablecoin designed to maintain a value of approximately one US dollar. The token is issued on Ethereum as an ERC-20 token, allowing it to be transferred and traded within that ecosystem. On Ethereum, the contract uses 18 decimals, and the token can be held in any compatible wallet. Per the project's whitepaper summary, USDK maintains a 1:1 exchange rate with the US dollar: every USDK is backed by 1 USD held in a Prime Trust special account, and an audit firm provides monthly audits under a 100 percent reserve model. Trading activity for USDK occurs through decentralized venues, with pairs such as USDK/USDT and USDK/USDC on Curve Finance and USDK/OKB on Uniswap v2; liquidity on these venues is thin, so large orders may face slippage.
USDK's primary value proposition lies in its role as a USD-pegged stablecoin issued on Ethereum as an ERC-20 token. The token has a long operating history, having launched in May 2019. The project states that audits are present; readers should consult the official website for audit reports. Circulating supply equals total supply (28,600,072 USDK) according to market data platforms. For traders and holders seeking a dollar-denominated asset, USDK offers an alternative stablecoin option.
USDK is used primarily as a stable medium of exchange and a store of value within cryptocurrency markets. Because it is pegged to the US dollar, it can be used to reduce exposure to price volatility without converting back to fiat currency. The token supports trading pairs against other stablecoins and cryptocurrencies, including USDK/USDT, USDK/USDC, and USDK/OKB. Market data platforms list USDK conversion pairs against AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD and KRW; this reflects listed pairs, not a guarantee of direct fiat redemption. Holders can transfer USDK and use it in decentralized finance applications that accept ERC-20 tokens.
Holding a stablecoin carries reserve, custodian and regulatory risk: the peg depends on the issuer maintaining 1:1 backing with its custodian, and a loss of confidence or regulatory action could cause the token to trade below $1.
The USDK ecosystem is built on its Ethereum ERC-20 deployment. According to the project's materials, USDK has partnerships with businesses including Shopify, Overstock and Expedia. USDK is tracked on major market data platforms such as CoinMarketCap and Coinbase. Trading activity is concentrated in decentralized venues such as Curve Finance and Uniswap v2. With a holder base of approximately 4,570 addresses and a supply of 28.6 million tokens, the project maintains an active presence in the stablecoin sector. Continued development will depend on broader adoption of the token and integration into additional decentralized applications.
USDK is not a mineable cryptocurrency. As an asset-backed stablecoin, it is issued rather than mined through proof-of-work or proof-of-stake consensus. There is no mining equipment, staking mechanism, or validator process associated with acquiring USDK. Users obtain the token by purchasing it on supported trading venues or receiving it through transfers. Because the token operates on Ethereum, transactions are validated by the underlying network rather than by USDK-specific miners or stakers.
To keep USDK safe, store tokens in a reputable wallet that supports ERC-20 assets. Hardware wallets provide an extra layer of security by keeping private keys offline. Always verify contract addresses before interacting with any token, and use the official Ethereum contract address 0x1c48f86ae57291f7686349f12601910bd8d470bb. Enable two-factor authentication on any platform accounts, avoid sharing seed phrases, and double-check recipient addresses before sending funds. Since stablecoins can be targeted by phishing and approval exploits, regularly review token approvals and revoke any that are no longer needed.
This article is for reference only and does not constitute investment advice.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for USDK are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of USDK (USDK) is CA$1.426746. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USDK to USD rate at the top of BTCC’s price page. In terms of market scope, USDK records a 24h trading volume of CA$206.272933 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of CA$40.42021M. Its current circulating supply stands at 28.6M out of a maximum supply cap of ∞.
The price volatility of USDK (USDK) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (28.6M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, USDK (USDK) hit an all-time high (ATH) of CA$1.755608 on 2026-10-18 02:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at CA$1.11963 on 2024-07-24 09:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading USDK futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (CA$206.272933), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s USDKUSDT perpetual contracts support two-way trading. If you anticipate a price decline for USDK, simply log into your BTCC account with USDT margin available, navigate to the USDKUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for USDKUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: CA$1.426746), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for USDKUSDT with zero financial risk.
Trading USDK (USDK) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for USDKUSDT, and review its live price (CA$1.426746) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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