KAST Dollar (USDK) stablecoin analytics
Answer First
What is KAST Dollar (USDK)?
USDK is KAST's 1:1 extension of M0's M token on Solana; it inherits M's upstream collateral and governance while KAST retains the underlying yield. The static profile records its US Dollar peg mechanism as: 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).
Is USDK safe?
Pharos does not assess USDK as safe: it holds a D Safety Score grade (47/100) in the latest published rating, which flags significant structural risk. 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.
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 Sep 7, 2026
KAST's USDK is an Anjouan-domiciled M0 wrapper of tokenized T-bills, distributed through a fintech card app, with the T-bill yield retained by KAST rather than passed to holders. The token sits on Solana as a Token-2022 mint with permissioned transfer hooks and confidential-transfer extensions built in. This is useful if you trust KAST and BitGo, and awkward otherwise. At N/A outstanding it is still proof-of-concept scale, riding entirely on M0 Validator attestations rather than its own audit trail.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- M0 M held through the USDK extension relationship. USDK-specific sources do not publish the current upstream M issuer allocation, collateral composition, or custody split; those risks are inherited from M. KAST retains the underlying yield rather than passing it to USDK holders.
- 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.
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 Sep 7, 2026.
USDK quick answers
What is KAST Dollar (USDK)?
USDK is KAST's 1:1 extension of M0's M token on Solana; it inherits M's upstream collateral and governance while KAST retains the underlying yield. The static profile records its US Dollar peg mechanism as: 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).
Is USDK safe?
Pharos does not assess USDK as safe: it holds a D Safety Score grade (47/100) in the latest published rating, which flags significant structural risk. 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.
What backs USDK?
Pharos classifies USDK backing as Real-World Asset Backed. Collateral, per the static profile: M0 M held through the USDK extension relationship. USDK-specific sources do not publish the current upstream M issuer allocation, collateral composition, or custody split; those risks are inherited from M. Reserve evidence: Real-Time PoR from M0 Protocol (on-chain Validator attestations).
Can USDK be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDK, when applicable, appear in the dossier below.
