DescriptionUSK is an over-collateralized Cosmos stablecoin soft-pegged to the USD and initially backed by ATOM.
Category:crypto-backed
Minting and RedemptionUsing the Kujira BLUE app, users mint USK by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back USK is burned.
USK (USK)