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OKEx-daughter OKLink starts Stable Coin

On Twitter, the second largest crypto-exchange OKEx has the listing of the stablecoins USDK on 3. June to be announced. USDK is pegged to the US Dollar and is p

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OKEx-daughter OKLink starts Stable Coin

On Twitter, the second largest crypto-exchange OKEx has the listing of the stablecoins USDK on 3. June to be announced. USDK is pegged to the US Dollar and is published by the OKEx-subsidiaries OKLink in cooperation with the financial company Prime Trust.

Of Tabea Rossol
3. June 2019BTC$8.019,00 -7.90%part Facebook Twitter LinkedIn xing mail

OKEx: in March 2019 Star Xu, founder of OKcoin had given the partnership the OK group with the Blockchain specialized financial company, Prime Trust is known. He has spoken in a Tweet to a diverse, secure, and regulatory flawless services with Prime Trust offer. The US company, Prime Trust had announced the collaboration and the work on the Stable Coin USDK also in March, on Twitter. The on Blockchain-focused financial company, Prime Trust has managed also the TrueUSD.

stablecoins in the transition phase

According to the negative reports about the Asset-Backed, Stable Coin, Tether and the Bitcoin exchange Bitfinex, there were reports in the recent time, back to Positive on Stable Coins. With Facebook's "Project Libra", and also the announcement of J. P. Morgan, to want their own crypto-currency JPM Coin in the economy, is a new Generation of "stable Token" to the market.

This has seen a change in the function of stablecoins. They are not more currencies only to the simplification of the Exchange between crypto - and Fiat, but can take on additional functions. Also, you are not tied necessarily to Fiat currencies and could also be based on a basket of currencies or other Assets.

at the moment, the controversial crypto-Start-up Tether leads with a market capitalization of twelve billion dollars, yet the number of stablecoins. In second place is the USD Coin with 333,75 million US dollars, and in third place TrueUSD with 242,49 US-Dollar market capitalization. Where the USDK of OKLink as a front-runner, the future will show. The company has, however, announced the Launch of an own Blockchain. The development of the OKchain is advanced according to its own information far and should be tried in June, 2019 in the Testnet.

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