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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. Each USDK is backed by $1 held by Prime Trust LLC, a US company based in Las Vegas, according to the project's materials. 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's listed official website is oklink.com, operated in connection with issuer OKLink Fintech Limited. The token is tracked on several market data platforms, including CoinMarketCap, Coinbase, Crypto.com, and LiveCoinWatch.
USDK is issued by OKLink Fintech Limited, a Hong Kong-based wholly-owned subsidiary of LEAP Holdings Group Limited (1499.HK). The company was founded in 2017 by CEO Christopher J. Liddell and CTO Jarad S. White. Each USDK is backed by $1 held by Prime Trust LLC, a US company based in Las Vegas.
USDK operates as an asset-backed stablecoin designed to maintain a value of approximately one US dollar. According to the project's whitepaper summary, USDK maintains a 1:1 exchange rate with the US dollar, with each token backed by 1 USD held in a Prime Trust special account, and an audit firm provides monthly account audits. Each USDK is backed by $1 held by Prime Trust LLC, a US company based in Las Vegas, in a special custody account, per the project's whitepaper summary. The token is issued on Ethereum as an ERC-20 token, and the contract uses 18 decimals. The token can be held in any compatible wallet. 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.
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's materials reference third-party audits; readers should check the audit reports and their dates directly. Its circulating supply represents 100% of the total supply, which means there is no locked or reserved portion awaiting release. 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 conversion pairs between USDK and several fiat currencies, including AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. Holders can transfer USDK on Ethereum and use it in decentralized finance applications that accept ERC-20 tokens. Stablecoins are not risk-free: USDK can trade away from $1, and its backing depends on the custodian and issuer remaining solvent and compliant; regulatory actions may also affect redemption.
The USDK ecosystem is built on its Ethereum deployment. The project's materials list partnerships with businesses including Shopify, Overstock, and Expedia. The token is tracked on several market data platforms, including CoinMarketCap, Coinbase, Crypto.com, and LiveCoinWatch. Trading activity is concentrated in decentralized venues such as Curve Finance and Uniswap v2. With 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. USDK is issued and redeemed by the issuer against US dollar reserves held by Prime Trust LLC, rather than produced through mining or staking. 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.
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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 $0.991922. 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 $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $28.369041M. 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 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 $1.232178 on 2026-10-18 02:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.785815 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 ($0), 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: $0.991922), you can practice 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 ($0.991922) 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.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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