OKEx subsidiary OKLink launches new stablecoin, USDK

OKEx stablecoin is created using the ERC-20 token standards on the Ethereum protocol.
USDK will launch on the market as from 07:00, June 3, 2019 (CET, UTC+1).

John Isige FXStreet

A leading cryptocurrency exchange based in Malta OKEx and its subsidiary are the new entrants in the stablecoin arena. The subsidiary OKLink according to a blog post published on June 3 will start issuing a dollar-pegged stablecoin with the symbol USDK.

Most exchanges are moving towards launching their own issued stablecoins which could also mean that the stablecoin fever is fading away. Other exchanges with these type of coins are Bitfinex, Gemini and Circle.

OKEx stablecoin is created using the ERC-20 token standards on the Ethereum protocol. The coin is developed in collaboration with OKLink and Prime Trust. A tween by OKLink on June 2 said:

“Leap Holdings Group Limited (http://1499.HK ) officially announced today its subsidiary company OKLink Fintech Limited (OKLink) has signed an agreement with Prime Trust, LLC (Prime Trust) to launch the USDK business.”

The blog post said that the coin will launch on the market as from 07:00, June 3 2019 (CET, UTC+1). At the beginning the fees for all opening orders and transactions will be zero. There are eleven trading pairs for the stablecoin including BTC/USDK, LTC/USDK, ETH/USDK, OKB/USDK, ETC/USDK, BCH/USDK, EOS/USDK, XRP/USDK, TRX/USDK, BSV/USDK, and USDT/USDK.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.

Solana Price Forecast: SOL slips below $82 as hawkish Fed tone sparks risk-off sentiment

Solana is trading below $82 at the time of writing on Thursday after failing to break out of the upper consolidation range over the weekend. The Minutes from the Federal Open Market Committee on Wednesday kept interest rates unchanged, but a less dovish tone that followed dampened risk appetite and pressured risky assets.

Warren warns crypto bailout would enrich Trump family biz: Report

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell, urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars.

Top Crypto Gainers: World Liberty Financial, Sky, and Cosmos confront major resistance

World Liberty Financial, Sky, and Cosmos rank among the top gainers over the last 24 hours but face critical overhead resistance levels. WLFI gained momentum at the World Liberty Forum, an invite-only conference held at Mar-a-Lago by US President Donald Trump’s family, while SKY and ATOM reversed off a crucial support level.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.