USDC deposits and withdrawals now available on Stellar!
Clients can now move USDC with settlement in roughly five seconds and typical transaction fees of a fraction of a cent.
We’re pleased to announce that Kraken now supports deposits and withdrawals of USDC on the Stellar network.
Funding
USDC funding via Stellar is now live. Click the button below to deposit USDC on Stellar directly.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
Funding
USDC funding via Stellar is now live. Click the button below to deposit USDC on Stellar directly.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
About USDC and Stellar
Stellar
Stellar is an open-source blockchain built for payments. Transactions settle in roughly five seconds and network fees typically cost a fraction of a cent, making it well-suited for moving stablecoins at scale. Stellar powers cross-border payments, fiat on and off ramps, and stablecoin issuance for financial institutions, fintechs, and exchanges around the world.
USDC
USDC is a fully reserved digital dollar stablecoin issued by Circle, backed 1:1 by US dollar reserves held at regulated financial institutions and redeemable on a 1:1 basis for US dollars. USDC on Stellar is natively issued by Circle, not bridged, giving clients a direct, fully reserved digital dollar on a network purpose-built for payments.
Please note:
- 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).
- Geographic restrictions may apply
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 our Listings Roadmap and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
