ckUSDT is a digital twin of USDT on the Internet Computer Protocol network. Fully backed 1:1 by USDT, ckUSDT is powered by Chain-key technology which allows for cross chain interoperability without centralized intermediaries or bridges.
Canister smart contracts on ICP can integrate with the Ethereum network using a combination of replicated HTTPS outcalls to a known set of public Ethereum nodes to read state and submit transactions, and chain-key ECDSA (ckECDSA) signatures, an enhanced version of threshold ECDSA, to sign those submitted transactions.
Building upon this integration framework, ckUSDT is a pair of canister smart contracts that utilize HTTPS outcalls and ckECDSA services. The ckETH minter and ckUSDT ledger contracts work together to enable users and smart contracts to send and receive USDT value within seconds with negligible transaction fees, and no gas fees, while also always allowing users and smart contracts to send and receive USDT value to and from the Ethereum network.
ckUSDT exposes ICRC-1 and ICRC-2 ledger interfaces (the fungible token standards of ICP), making it simple for all wallets on the Internet Computer to offer ckUSDT support.
Where is Chain-key USDT available for purchase?
You can exchange CKUSDT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Chain-key USDT is ICPSwap, notably the CKUSDT/CKUSDT pair, which saw a trading volume of $ 2,739.7 in the past day.
What is the highest value Chain-key USDT (CKUSDT) has ever reached?
Chain-key USDT (CKUSDT) reached its peak price at 1.13 $ on 21 October 2024, approximately 10 months ago ago. Presently, the current price is -11.23% lower than this all-time high.
What is the historical minimum price for Chain-key USDT (CKUSDT)?
The minimum price reached for Chain-key USDT (CKUSDT) was 0.905 $, documented on 09 December 2024, more than 8 months ago. In comparison, the current price is 10.82%, it above this historical low.
What is the fully diluted valuation of Chain-key USDT (CKUSDT)?
The fully diluted valuation (FDV) of Chain-key USDT (CKUSDT) stands at $ 876,972. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CKUSDT tokens. The realization of this FDV might take several years depending on the emission schedule of CKUSDT tokens.