OKGroup and Prime Trust Build Strategic Partnership to Launch Stablecoin

OKGroup Group earlier signed a strategic investment agreement with the blockchain trust company Prime Trust and became a major strategic investor. OKGroup plans to launch the US dollar backed stablecoin OKUSD, which will be applied on OKChain in the future.

Prime Trust mainly provides hosting, AML, and KYC compliance services. The news first appeared from their Twitter. OKCoin founder Star Xu also responded by saying that he was very excited about the strategic partnership agreement, and said that the two parties will work together providing diversified, secure and compliant services.

OKEx earlier revealed through their blog that it is developing the blockchain network OKChain, and its own decentralized exchange will also be built based on this. OKChain is currently in the final stage and is expected to launch tests at Testnet in June this year.