Prisma mkUSD (MKUSD): Uses, Supply and Risks

Prisma mkUSD (MKUSD) is a dollar-oriented stablecoin associated with Prisma Finance. Its intended value is around one US dollar, but that target is not a guarantee: the market price can move above or below $1. the public information available here do not establish the token’s current collateral arrangements, redemption process, or whether the Prisma Finance protocol is actively operating, so check those details before relying on mkUSD for a specific purpose. A stablecoin can be used to hold or transfer value, quote prices, or participate in supported crypto applications, but each use depends on the platform accepting MKUSD. It is not the same as a bank deposit, and owning it does not by itself give you a claim on dollars held in a bank.

MKUSD is issued on Ethereum, and its intended role is to track the US dollar rather than provide exposure to a company or a blockchain network’s security. People may use dollar-oriented tokens for crypto transfers, trading pairs, or applications that accept them, but support is not universal. Confirm that a wallet, exchange, or dApp supports Prisma mkUSD specifically, and check the network before sending it. A token sent on an unsupported network or to an incompatible address may be difficult or impossible to recover. Do not assume that the name “mkUSD” means every platform will treat it as interchangeable with other dollar-pegged tokens. Its actual utility depends on available markets and services, which can change over time.

As of 2026-11-05, MKUSD’s reported price was about $0.997, close to but slightly below its intended $1 value. Its reported market capitalization was about $245,000, with roughly 245,228 tokens in both circulating and total supply. No maximum supply was reported. These figures are snapshots, not fixed properties: price, supply, trading activity, and market capitalization can change. Reported 24-hour trading volume was about $711 at that time, indicating that trading activity may be limited. Low activity can make it harder to trade larger amounts near the quoted price. Check current market and liquidity information before making a transaction, and do not treat a past price or supply figure as a prediction.

MKUSD carries both the usual crypto risks and the specific risks of a stablecoin. Its market price can lose its dollar peg, and the ability to sell or redeem it may depend on protocol operations, market liquidity, and available counterparties. Reports in March 2024 described an exploit affecting Prisma Finance and said mkUSD traded below $1 at the time. That historical incident is relevant when assessing security, but it does not establish the protocol’s current status. Before using MKUSD, look for current information about the protocol, collateral, redemption options, and security reviews; do not assume those protections exist or remain unchanged. For storage, use a reputable Ethereum-compatible wallet that supports the token, protect your recovery phrase offline, and verify the network and token identity before sending. A lost recovery phrase or mistaken transfer may be irreversible.