USDT0 launches completely on Kraken!

January 16, 2025
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Asset Listings

We’re excited to announce that USDT0 is now obtainable on Kraken!

Funding

Deposits and withdrawals for USDT0 will likely be reside beginning at 15:00 PM UTC immediately, January 16th.

So as to add USDT0 to your Kraken account, merely navigate to Funding, choose USDT, and click on ‘Deposit’.

Necessary: Be sure you deposit your tokens on the Ink community. Deposits made through unsupported networks will likely be misplaced.

Begin buying and selling now and expertise extra methods to handle your digital property!

Right here’s some extra details about this asset:

USDT0 is Tether’s new omnichain USD stablecoin designed to unify liquidity throughout a number of blockchains. Constructed on LayerZero’s Omnichain Fungible Token (OFT) normal, USDT0 permits seamless and safe cross-chain transfers with out the necessity for unbiased deployments, liquidity pools, or bridging solutions. This construction enhances capital effectivity and streamlines asset motion throughout networks.

Launched completely on Ink, the DeFi-focused Layer 2 on the Optimism Superchain, USDT0 addresses liquidity fragmentation by enabling easy integration for builders and clean person transactions throughout supported chains. Every USDT0 token is totally backed 1:1 with USDT locked on Ethereum, making certain safety.

Prepared however don’t have a Kraken account but? Sign up today!

Will Kraken make extra property obtainable?

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 obtainable tokens could be discovered here, and all future tokens will likely be introduced on Kraken’s blog and social media profiles. Our consumer engagement specialists can’t reply any questions on which property we could also be making obtainable sooner or later.

Though the time period “stablecoin” is often used, there isn’t a assure that the asset will keep a steady worth in relation to the worth of the reference asset when traded on secondary markets or that the reserve of property, if there’s one, will likely be sufficient to fulfill all redemptions.