KAST Dollar (USDK) stablecoin analytics
USDK is KAST's 1:1 wrapper around M0's M token on Solana, backed by short-term U.S. T-bills via M0; T-bill yield retained by KAST rather than passed to holders.
Static Profile
Static stablecoin profile
KAST Dollar (USDK) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
KAST's USDK is an Anjouan-domiciled M0 wrapper of tokenized {{term:treasury}}T-bills{{/term}}, distributed via a fintech card app -- T-bill yield is retained by KAST, not passed to holders. KAST Dollar is what you get when a Comoros-domiciled fintech wraps M0's tokenized...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Short-term U.S. Treasury bills held via M0 Protocol's permissioned Minter infrastructure in bankruptcy-remote SPVs; collateral sufficiency cryptographically attested on-chain by independent M0 Validators before USDK mints are authorized. Yield generated by the underlying M token is retained by KAST as fee revenue rather than passed to USDK holders (a separate token, USDKy, exists for yield-seeking users)
- Peg Mechanism
- 1:1 wrapper around M (M0) on Solana — KAST mints USDK by depositing/wrapping M into the USDK SPL Token-2022 mint, and unwraps back to M for redemption; user-facing fiat on/off-ramp and redemption are mediated by the KAST app via licensed partners (Tazapay, BitGo, Fireblocks). The Token-2022 mint has transfer hooks and confidential-transfer extensions with authority held by KAST
- Jurisdiction
- Union of Comoros / Anjouan Offshore Finance Authority
- Proof Of Reserves
- Real-Time PoR by M0 Protocol (on-chain Validator attestations) Reserve source
- Contracts
- 1 deployment tracked across Solana.
Snippet Answer
Is USDK safe?
Pharos does not mark USDK as absolutely safe. Static metadata says KAST Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from M0 Protocol (on-chain Validator attestations); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdk-kast
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.