We are pleased to announce the launch of USDK, the official stablecoin on the KIVA public blockchain.
Contract Address: 0xCFD604D977ADdfd8B1d3a6569D247907B2Dd4CA9
< Key Features of USDK >
USDK is a stablecoin issued natively on the KIVA blockchain.
Minting mechanism: when users deposit other stablecoins or equivalents on the KIVA network, they receive an equal amount of USDK.
Burning mechanism: when USDK is withdrawn, an equivalent amount is destroyed, with all deposit and burn transaction hashes stored to ensure full traceability.
USDK is fully backed by equivalent cash reserves to maintain value stability at 1 USDK = 1 USD.
Designed as the primary transaction medium within the KIVA ecosystem, driving adoption and anchoring value across all KIVA-based applications.
This launch marks an important milestone in strengthening the financial infrastructure of the KIVA ecosystem and enabling seamless, stable, and transparent transactions for all users.
