mkUSD, identified in the asset registry as Prisma mkUSD and associated with the brand Prisma Finance, is recorded as a U.S. dollar-referenced stablecoin product for which no issuer-controlled documentation was retrievable at the time of research on June 23, 2026.

The asset registry metadata describes mkUSD as a token referencing the U.S. dollar (USD) at a one-to-one ratio, with each token represented as redeemable for one USD and supported by reserve and collateral mechanisms. These figures are issuer self-description from the product record and are not corroborated by any retrievable issuer-controlled source, so the underlying reserve composition, custodian, attestation provider, accrual mechanism, and fees borne by the holder remain unverified against primary issuer documentation as of June 23, 2026.

The issuer legal entity, jurisdiction of formation, applicable regulator or license regime, legal form of the tokenholder's claim, eligibility and offering restrictions, redemption rights, and any security interest or custodial arrangement protecting tokenholders cannot be substantiated, because the issuer domain prismafinance.com returns a permanent redirect to an unrelated third-party host outside the permitted issuer domains, and the documentation, application, whitepaper, and blog subdomains do not resolve in the Domain Name System as of June 23, 2026. No primary issuer page was reachable from which to extract these legal structural facts.

The token standard, the specific blockchain networks supporting issuance and transfer, the mint and burn mechanics, settlement timing, and any net asset value or oracle publication mechanism cannot be confirmed for mkUSD, as no issuer-controlled technical documentation was retrievable at the research date of June 23, 2026, and no in-scope source describes the onchain implementation of this stablecoin.

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Stablecoins

Overcollateralized borrowers deposit funds into Prisma Finance and receive mkUSD stablecoin.

Prisma Finance is a non-custodial stablecoin protocol built on Ethereum. Prisma Finance was founded by an anonymous team and launched in the fall of 2023.

PRISMA tokenholders own & govern the protocol. They currently take all of the total fees paid by borrowers (revenue). Prisma Finance’s investors include Michael Egorov, OKX Ventures, and Frax Finance.

governance

github

twitter

discord

etherscan

website

Stablecoin issuers

Prisma Finance

Prisma mkUSD (mkUSD) is a U.S. dollar stablecoin issued by Prisma Finance.

Each token is redeemable one-for-one for U.S. dollars and is a collateral-backed contractual exposure rather than a direct claim on the issuer.

Retail investors can mint and redeem directly with Prisma Finance, and holders have a contractual right to redeem at par.

mkUSD has been issued on Ethereum as an ERC-20 token since August 2023.

Prisma mkUSDmkUSD

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