Kraken now helps deposits and withdrawals of USDC by way of the Solana and Tron networks!

We’re thrilled to announce that Kraken now helps deposits and withdrawals of USD Coin (USDC) on Tron and Solana, along with the Ethereum community!

Funding is already dwell. You’ll be able to switch these tokens to your Kraken account by navigating to Funding, deciding on USDC and the specified deposit technique (community) within the drop-down field. Deposits on the Solana and Tron networks are near-instant!

Right here’s what you could know in regards to the asset:

USD Coin (USDC) is a digital stablecoin that’s pegged to the U.S. Greenback (USD). USDC tokens in circulation are backed by verifiable money or money equivalents, reminiscent of short-term U.S. Treasury bonds, that means each USDC might be exchanged 1:1 for the U.S. Greenback. USDC is used to hedge in opposition to worth volatility within the crypto market in addition to to buy items and providers inside decentralized purposes (dApps).

Will Kraken make extra property accessible?

Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s accessible tokens might be discovered here, and all future tokens can be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can not reply any questions on which property we could also be making accessible sooner or later. 

Commerce with warning

There isn’t a assure {that a} restrict order will execute. There’s additionally no assure a market order will execute at a sure worth. The provision and liquidity of the actual digital asset will affect a majority of these orders.

These supplies are for common data functions solely and are usually not funding recommendation or a suggestion or solicitation to purchase, promote or maintain any cryptoasset or to interact in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and you must search impartial recommendation in your taxation place.