Orki USD(USDK)
Market Cap$2,181
Price$1
Total Circulating2,181
Stablecoin Information
USDK is the USD-pegged, overcollateralized and native stablecoin on Swellchain. Issued by Orki Finance and backed by LST/LRT-based assets like swETH and rswETH
Category:crypto-backed
Minting and Redemption
USDK maintains its $1 peg through a market-driven mechanism where borrowers adjust interest rates in response to price fluctuations, and arbitrageurs engage in redemptions when USDK trades below $1. USDK can be redeemed at face value for its underlying collateral, ensuring liquidity and price stability
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | 2,181 |