We’re thrilled to announce that Kraken now supports deposits and withdrawals of USD Coin (USDC) on Tron and Solana, in addition to the Ethereum network!
Funding is already live. You can transfer these tokens to your Kraken account by navigating to Funding, selecting USDC and the desired deposit method (network) in the drop-down box. Deposits on the Solana and Tron networks are near-instant!
Here’s what you need to know about the asset:
USD Coin (USDC) is a digital stablecoin that is pegged to the U.S. Dollar (USD). USDC tokens in circulation are backed by verifiable cash or cash equivalents, such as short-term U.S. Treasury bonds, meaning every USDC can be exchanged 1:1 for the U.S. Dollar. USDC is used to hedge against price volatility in the crypto market as well as to purchase goods and services within decentralized applications (dApps).
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
Trade with caution
There is no guarantee that a limit order will execute. There is also no guarantee a market order will execute at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell or hold any cryptoasset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.