DeepMind Completes Verification of KRDT Stablecoin Swaps with USDT and USDC

On July 9, blockchain technology company DeepMind announced that it has successfully established and technically verified liquidity pools for its stablecoin 'KRDT' on Uniswap and PancakeSwap, enabling direct swaps with the world's top two stablecoins, Tether (USDT) and Circle's USDC.

This verification demonstrates that KRDT, which adopts the LayerZero-based Omnichain Fungible Token (OFT) structure, functions as a unified asset across multichain ecosystems.

Uniswap is a decentralized exchange (DEX) built on Ethereum, designed to allow users to freely swap Ethereum and Ethereum-based tokens (ERC-20 tokens) without intermediaries. PancakeSwap is a decentralized exchange operating on Binance Smart Chain (BSC), focusing on the trading of BSC-based tokens (BEP-20).

According to an industry official, "Through this, KRDT users can freely move assets between major blockchains such as Ethereum, Binance Smart Chain, and Base Chain (BASE) without the need for a separate bridge, and can easily swap to USDT or USDC."

A company representative stated, "KRDT has adopted a technical structure on par with leading global stablecoins, ensuring both scalability and security," adding, "We plan to expand its use by integrating with various DeFi protocols, providing cross-chain liquidity, lending, and swaps."

In terms of security design, KRDT has also adopted an enhanced structure that meets global standards. DeepMind has implemented a protection system for the KRDT issuance wallet based on multisig (multisignature) and hardware wallet technologies, which are also used by major stablecoins like USDC and DAI, thereby increasing its security level.

Specifically, DeepMind has applied a 2-of-3 multisig system based on the smart contract platform Gnosis Safe, making it impossible to seize control with a single key hack. Physical signature procedures using hardware wallets such as Ledger, Trezor, and Keystone have also been established.

Additionally, further security measures have been put in place, including: designation of the issuer's ENS (Ethereum Name Service) address; real-time transaction monitoring via observer bots; and simulation testing based on Tenderly.

A DeepMind representative emphasized, "Since the ERC-20-based token issuance wallet holds the most sensitive permissions, we have secured safety and reliability by designing it to meet the security standards of global stablecoins," adding, "KRDT will become a model example of a next-generation global stablecoin that combines technological strength and security."