Stablecoin record
Kujira USK
Kujira's overcollateralized Cosmos stablecoin, soft-pegged to the U.S. dollar and backed by multiple collateral vaults, currently classified as limited pending current-state verification.
LifecycleRestricted
Events1
Sources3
| Symbol | USK |
|---|---|
| Asset class | Stablecoin |
| Reference target | Fiat |
| Redemption / exit model | Protocol Redemption |
| Valuation source | Kujira USK technical documentation |
| Yield / rebase profile | No recorded change · Accrual: No recorded change |
| Classification notes | Limited-status protocol stablecoin: design and historical mechanics are documented, but current unrestricted minting and successor operation are not fully verified. |
| Lifecycle status | Restricted |
| Issuance status | Unknown |
| Peg reference | Fiat · USD |
| Backing types | Crypto Collateral |
| Stabilization | Overcollateralized Vault |
| Governance | DAO Governed |
| Primary organization | Kujira |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-15 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| Kujira | Protocol Operator | — | — | Unknown |
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Kujira
Blockchain Ecosystem · Decentralized
Event history
1 event connected to this stablecoin.
| Disclosure status | Onchain Protocol Transparency with Current Availability Unknown |
|---|---|
| Backing types | Crypto Collateral |
| Summary | USK was designed as an overcollateralized stablecoin backed by multiple crypto collateral vaults with a documented minimum collateralization ratio of 166 percent. |
| As of | 2026-06-15 |
| Profile confidence | Medium |
| Current status | Restricted |
|---|---|
| Settlement asset | Collateral release through debt repayment where supported contracts and interfaces remain operational |
| Eligible parties | Existing vault users and market participants subject to current Kujira-chain, interface, and liquidity availability. |
| Retail access | Availability Dependent |
| Institutional access | Availability Dependent |
| Minimum amount | Protocol and transaction dependent. |
| Fee | Documented mint, stability, liquidation, and network fees may apply where functionality remains available. |
| Settlement time | Current chain, contract, and interface availability dependent. |
| Regional limits | Current unrestricted mint access is not confirmed., Successor-ecosystem and front-end restrictions may apply. |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 3 |
| Reserve reports | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| 2026-06-15 | USK recorded with limited current status | Status Review | Other | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| — | Kujira | Onchain Protocol Transparency | Crypto Collateral | Medium |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Kujira | Cosmos SDK token | Protocol Native Token | Restricted | Unknown | Unknown | 1 | Not yet verified | Legacy/native USK deployment recorded as restricted pending current chain and interface verification. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| Kujira USK overview | Kujira | Official Documentation | Entity Identity, Overcollateralization, Collateral Types, Kujira Native, Entity and Collateral Model | High |
| USK technical specifics | Kujira | Official Documentation | Cdp Minting, Minimum Collateralization, Burning, Liquidation, Stability Fee, Minting Liquidation and Backing | High |
| USK transparency documentation | Kujira | Official Documentation | Collateral Dashboard, Mint and Burn Tracking, Liquidation Backstop, Collateral and Mint Transparency | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Current Mint and Burn Availability | Official documentation describes BLUE-based minting and burn-to-release collateral, but the present unrestricted availability of those interfaces and contracts could not be fully verified. | High | 2026-06-15 |
| Successor Network and Liability State | The relationship between legacy Kujira USK positions, current chain operation, and any successor ecosystem or migration path is not fully resolved. | High | 2026-06-15 |