Saber’s tokens are increasing by 1.3% today. During the last trading session, prices jumped from $0.2942 to $0.2979. Today, the crypto reached the mark of $0.298411. The market capitalization is equal to $62,302,358 and trading volume equals to $2,857,610. The Solana-based decentralized exchange Saber has announced the launch of a USDK trading pool on Solana through its official channel. According to Saber, users can trade USDK and other stable coins pegged to the dollar on the Saber platform. Saber Labs positions Saber as the leading inter-network exchange of stable coins on Solana.
Saber provides the basis of liquidity for stable coins, which are a type of cryptocurrency whose value is tied to another asset, such as the US dollar or BTC. As Solana’s main cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users contribute cryptocurrency to the Saber liquidity pool in order to receive passive income from transaction fees, token-based rewards, and, ultimately, automated DeFi strategies.