Chain-key USDT (CKUSDT)

YearBull Rank i
Not ranked Stable or pegged asset.
Bull Score
0Not applicable (stablecoin)
YB Market Risk
—Stable
Cycle
—Stable

Overview

Chain-key USDT (CKUSDT) market snapshot: Price $0.998881, market capitalization $867.58K, and reported 24-hour volume $56.60K. Inclusive source market cap rank #3,546.

Trading activity: Reported 24-hour volume equals 6.52% of market capitalization. The local markets snapshot lists MEXC and ICPSwap among venues with observed trading activity.

YearBull indicators: This asset is classified as a stablecoin and is excluded from the analytical YearBull Rank, Bull Score, YB Market Risk, and Cycle sequence.

Values are descriptive and should be read together rather than as a price forecast. Read the YearBull methodology. Snapshot date: 2026-10-27. Data history: 90 days available in the latest 90-day window.

Methodology responsibility: YearBull’s analytical methodology and presentation rules are developed and maintained by Alan Zelvin, Founder & Lead Crypto Researcher. This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.

What is Chain-key USDT (CKUSDT)?

Source description

“ckUSDT is a digital twin of USDT on the Internet Computer Protocol network. Fully backed 1:1 by USDT, ckUSDT is powered by Chain-key technology which allows for cross chain interoperability without centralized intermediaries or bridges. Canister smart contracts on ICP can integrate with the Ethereum network using a combination of replicated HTTPS outcalls to a known set of public Ethereum nodes to read state and submit transactions, and chain-key ECDSA (ckECDSA) signatures, an enhanced version of threshold ECDSA, to sign those submitted transactions. Building upon this integration framework, ckUSDT is a pair of canister smart contracts that utilize HTTPS outcalls and ckECDSA services. The ckETH minter and ckUSDT ledger contracts work together to enable users and smart contracts to send and receive USDT value within seconds with negligible transaction fees, and no gas fees, while also always allowing users and smart contracts to send and receive USDT value to and from the Ethereum network. ckUSDT exposes ICRC-1 and ICRC-2 ledger interfaces (the fungible token standards of ICP), making it simple for all wallets on the Internet Computer to offer ckUSDT support.”

This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.

Chain-key USDT (CKUSDT) project facts

  • Source tags: Stablecoins, USD Stablecoin, Internet Computer Ecosystem, Fiat-backed Stablecoin
  • Recorded networks: Internet Computer

Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.

Chain-key USDT (CKUSDT) FAQ

How does ckUSDT represent USDT on the Internet Computer network?

The project describes ckUSDT as a digital twin of USDT deployed on the Internet Computer Protocol. It states that each ckUSDT is fully backed on a 1:1 basis by USDT, positioning the token as a representation of USDT value within the ICP ecosystem rather than as a separate dollar-pegged asset.

How does Chain-key technology support ckUSDT transfers across networks?

According to the project, Chain-key technology enables ckUSDT to interoperate with Ethereum without relying on centralized intermediaries or conventional bridges. This framework is intended to let users and smart contracts send and receive USDT value between the Internet Computer and Ethereum while using canister smart contracts, HTTPS outcalls, and Chain-key ECDSA signatures.

What role do HTTPS outcalls and ckECDSA play in ckUSDT’s Ethereum integration?

The project states that ICP canister smart contracts use replicated HTTPS outcalls to consult a known set of public Ethereum nodes and read blockchain state. Chain-key ECDSA, described as an enhanced form of threshold ECDSA, provides signatures for submitted Ethereum transactions. Together, these mechanisms support the ckUSDT integration with Ethereum.

How do the ckETH minter and ckUSDT ledger work together?

The project presents the ckETH minter and ckUSDT ledger contracts as complementary components of the system. It states that they enable users and smart contracts to transfer USDT value within the Internet Computer in seconds, with negligible transaction fees and no gas fees, while also supporting transfers to and from the Ethereum network.

Which token interfaces does ckUSDT provide to Internet Computer wallets?

ckUSDT exposes the ICRC-1 and ICRC-2 ledger interfaces, which the project identifies as fungible-token standards used on the Internet Computer. This interface support is presented as a way to simplify wallet integration, allowing wallets across the ICP ecosystem to add ckUSDT support through familiar ledger standards.

Chain-key USDT metric comparison

This comparison is a stored snapshot generated 2026-10-23 06:31 UTC from 292 daily observations available from 2025-12-30 through 2026-10-23. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.

MetricSnapshot30d before90d beforeChange vs 30dUniverse percentile
Price$0.9988$1.00$0.9996-0.2%n/a
Market cap$867.5K$869.1K$868.2K-0.2%P63.8
YearBull Rankn/an/an/an/an/a
Bull Scoren/an/an/an/an/a
Turnover6.70%8.00%6.56%-1.3 ptsP79.4
YB Market Riskn/an/an/an/an/a
CycleStableStableStableUnchangedn/a

Median absolute daily movement 0.03%; distance from the highest local daily price -1.2%; circulating supply change 0.0%. These measurements are descriptive and do not predict future direction.

YearBull Rank overview

No YearBull Rank value is available right now for chain-key-usdt.

Rank timeline (last 365 days)
Rank history is still being collected.The rank timeline will appear after two valid daily YearBull Rank snapshots are available.

Rank change (nearest points).

Reading rule: rank #120 sits higher than rank #200.

  • 7d window: current rank not available.
  • 30d window: current rank not available.

Risk angle: minor drift can still matter at scale. If the last week is quiet, the current rank is usually easier to trust.

Orderflow context: stable placement often correlates with stable participation. If the line drifts, liquidity may be gradually shifting.

Cycle placement: sideways periods still reshuffle relative placement. If 7d and 30d disagree, treat it as a transition window.

Market structure: fragmentation can make rank more reactive. If rank can’t hold gains, it can be concentrated pressure.

Practical note: treat sharp jumps as candidates for confirmation.

YearBull Rank is an internal ordering on YearBull that positions a coin relative to the rest of the tracked universe. It is best read as relative context across time windows, not as a guarantee.

Update date: 2026-10-27

Disclaimer: Not financial advice. Cryptocurrency investments carry high risk. DYOR.

Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy

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Chain-key USDT (CKUSDT) Markets

Stored venue snapshot. Markets last checked: 2026-07-27. Updated on a rolling basis; no fixed refresh date is promised. Venue listings and volumes are stored snapshots, not live quotes.
Exchange Top Pair Stored 24h volume (snapshot) Trust Rank
MEXC CKUSDT/USDT $52.73K #8
ICPSwap CKUSDT/ICP $705 #316

Listings are ordered by reported snapshot volume. Trust Rank is an external venue-quality indicator; it is not an endorsement or a solvency guarantee.