OKLink Launches Bitcoin Block Explorer as Rivals Mimic its USDK Stable Coin

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by Andy Watson · 2 min read
OKLink Launches Bitcoin Block Explorer as Rivals Mimic its USDK Stable Coin
Photo: OKLink / Twitter

In another win for OKLink, launched today its Bitcoin Block Explorer platform, with the promise it was looking to offer similar explorers for other popular digital assets.

OKLink’s Bitcoin Block Explorer will allow people to navigate the Bitcoin blockchain using its user-friendly user interface, or search functions.

From the explorer users can easily analyse Bitcoin transaction data at a granular level, and are able to look at transactions, volumes, block size and the number of confirmations on any transactions that have been made on the Bitcoin network.

A spokesperson for OKLink said this was just the first step in its plans to bring more big data services to blockchain and cryptocurrency investors and enthusiasts. He said:

“We’re building something here and this explorer represents another step towards that. OKLink is the very first blockchain information website built by a listed blockchain big data company, and is aiming to provide blockchain information and data services with blockchain and big data technology.”

“The OKLink Blockchain Explorer allows for the efficient, convenient and comprehensive exploration of blockchain data. Our next step is to develop explorer tools for other popular digital assets as we work to become the platform of choice for detailed and accurate blockchain transaction details.”

He said the tool also featured a data service which would provide access to blockchain data via application programming interfaces (API), allowing developers to build their own projects using the data.

Playing Catch Up

The news follows the announcement on June 3 that OKLink had partnered with US-based Prime Trust, to launch its dollar-pegged stable coin, the USDK, on exchanges OKEx and Bitfinex.

This move was spotted by rival exchange Binance which wasted no time in reminding people it would be launching its own stable coin as soon as possible.

In an interview with Bloomberg published on June 5, Wei Zhou, Binance’s chief financial officer, told the media outlet that Binance would launch its own stable coin “in a matter of weeks to a month or two”.

This week, Stably, a stable coin pegged to the US dollar, announced it had partnered with Binance to bring its ERC-20 and dollar-backed stable coin, the USDS, to Binance’s exchange and the forthcoming Binance decentralized exchange (Binance DEX).

It also announced a BEP-2 version of the stable coin, the USDSB, which could be traded against the USDS and other tokens.

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