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USK

USK is Kujira’s decentralized, overcollateralized stablecoin, soft-pegged to the US dollar and issued against crypto collateral.
Category: Stablecoin Issuance
TVL: $61K

Description

USK is a native Kujira/Cosmos stablecoin minted through collateralized debt positions and liquidated through ORCA. BLUE is the separate Kujira ecosystem dashboard through which users can mint and manage USK. Kujira’s successor-transition communications describe an active wind-down and migration of USK debt positions to Rujira, while the Kujira chain remains validator-operated.