Kraken now supports the deposits and withdrawals of TrueUSD (TUSD) on the Tron Network!
Tron is a blockchain platform where developers can deploy their own decentralized applications (dApps). Tron is powered by delegated proof-of-stake (DPoS), a system that’s considered highly democratic and inclusive for selecting block producers. The company’s vision is to create a decentralized version of the internet. Learn more about Tron in our Kraken Learn Center article How to buy Tron (TRX)!
Funding and Trading
Funding is live and trading starts on June 29. You can transfer TUSD to your Kraken account by navigating to Funding, selecting TUSD, and choosing the desired deposit method from the drop-down box (network): Tron.
Already have TUSD on the Tron network and a Kraken account? ⤵️
- Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
- Not available in Canada
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Here’s what you need to know about the asset:
TrueUSD (TUSD) is a stablecoin issued by TrustToken whose value is tied to the US dollar. According to TrustToken, TUSD is fully collateralized by fiat reserves verified by third party accounting firms and subject to independent on-chain attestations. Holders can trade TUSD for other cryptocurrencies on platforms that list the token. They can also use TUSD to execute cross-border payments and earn rewards by staking and providing liquidity on various blockchain networks.
Ready to deposit but don’t have a Kraken account yet? Sign up today!
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.