CryptoNinjas » KardiaChain issues first native KRC20-based USD stablecoin

The team of KardiaChain, a Vietnamese-based public blockchain that provides a dual master node to facilitate inter-chain operations among both existing and upcoming blockchain platforms, today announced it has issued the first USD-pegged KRC20 token. The KRC20 USD stablecoin is being made possible via a three-way collaboration between VNDC, Nami Exchange, and KardiaChain.

KUSD-T will run on KardiaChain’s native KRC20 protocol and is guaranteed by USDT on VNDC and Nami Exchange. In order to support upcoming DeFi products on the KRC20 blockchain infrastructure and help Vietnamese users have a better approach to these projects; VNDC Wallet, Nami Exchange, and KardiaChain worked together to issue KUSD-T.

Users can own KUSD-T by sending USDT (TRC20, ERC20, or BEP20) to VNDC Wallet and Nami Exchange or purchase directly via a DApp, and then users may withdraw KUSD-T on KardiaChain (KRC20).

The benefit of owning KUSD-T is the ease of trading on KRC20 with all DApps powered by KRC20; such as KAIDEX and other upcoming DApps

Partners: VNDC and Nami

  • VNDC Wallet is one of the most common DeFi DApps in Vietnam with over one million users. VNDC Wallet provides features for users to easily own crypto-assets, and offer collateral lending with fast settlement speed.
  • Nami Exchange is a CEX developed by Nami Corporation, focusing on financial products such as exchange and futures. Nami offers margin products with leverage up to 125x.

CryptoNinjas » KardiaChain issues first native KRC20-based USD stablecoin