OK Group signed a cooperation agreement with Prime Trust on the implementation of several important blockchain initiatives, and launch stablon OKUSD.

According to a press release, Prime Trust is a us trust company which on the basis of the blockchain provides services to a trusted data storage and processing means, of compliance with rules for combating money laundering, and provides trading technology license issued by the regulator in the state of Nevada.

Under the agreement, OK Group made a strategic investment in a US company. The parties agreed to conduct in-depth cooperation in the field of its competitive advantages and to jointly start a new stablon OKUSD.

It is expected that a stable token-go to the blockchain OKChain, the imminent launch of which recently announced crypto currency exchange OKEx — a subsidiary of the OK Group.