OKEx Launches ‘USDK’ Stablecoin in Partnership with Prime Trust

OKLink, the Hong-Kong based global settlement subsidiary of cryptocurrency exchange OKEx, is launching its own stablecoin today, June 3rd.

The launch of the stablecoin, known as USDK, will happen in partnership with the launch of United States-based crypto custodian Prime Trust. Prime Trust is also one of the trust companies in charge of the escrow accounts that hold the collateral for TrueUSD, another stablecoin; the firm also enables fiat trading on Singapore-based crypto exchange Huobi.

The launch of the USDK business was confirmed yesterday when OKLink posted copies of the partnership agreement on Twitter.

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