Crypto adoption surging indicated towards many big names of the business space launching their native digital currencies over the exchange. To expand the business operations and grow the user base, many big names like OKLink are launching its stablecoin.
Digital currency trading exchange OKEx will work as the platform for OKLink for dispatching the stablecoin, named USDK.
According to the sources, OKLink will be functioning as the technology specialist organization for building up the USDK brilliant contract, with Prime Trust performing the Anti-Money Laundering that is necessary for scaling up the security measures required for digital money transactions.
Star Xu, Founder of OK Group reported OK Group’s collaboration with the trust organization and the plans to instigate the stablecoin.
The launch of native tokens over the exchanges help the organizations to build a better and safer transaction method using the blockchain technology. OKEx is at present, the world’s second biggest crypto trading exchange in terms of trading volumes.
OKEx was building up its own decentralized trade exchange[DEX] and blockchain, called OKChain to improve the effectiveness and efficiency of the transactions. The testnet will soon be launched after the final development stage is over.
This step had become vital for the exchange as it will help in attracting more users towards using the exchange for carrying out transaction as Binance, world’s largest crypto exchange announced that it will be shutting down its service for users present across 29 countries. Moreover, the USDK stablecoin will be pegged by the U.S. dollar providing it more balanced growth in the future.