Chain-key USDT
CKUSDT #3163Project Safety Score: 57%
Updated 4 hours, 15 minutes agockUSDT is a digital version of USDT operating on the Internet Computer Protocol network. It is fully backed 1:1 by USDT and utilizes Chain-key technology for cross-chain interoperability, eliminating the need for centralized intermediaries. The project includes canister smart contracts that communicate with the Ethereum network through HTTPS outcalls and chain-key ECDSA signatures, facilitating the signing of transactions.
The integration framework involves the ckETH minter and ckUSDT ledger contracts, enabling efficient USDT transactions between users and smart contracts, characterized by low transaction fees and no gas fees. ckUSDT supports ICRC-1 and ICRC-2 ledger interfaces, which are the fungible token standards for the Internet Computer, ensuring compatibility with various wallets on the network.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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