Kraken to list USDC stablecoin tomorrow

Stablecoins • January 7, 2020, 9:58AM EST
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Crypto exchange Kraken is set to list the USDC stablecoin, which is issued by the Coinbase and Circle-backed CENTRE Consortium. 

Users of Kraken will be able to trade the stablecoin starting Jan. 8, according to an announcement published Tuesday. USDC is the third stablecoin offering by Kraken, after Tether (USDT) and DAI.

The supply of USDC has risen by almost 98% since Jan. 1, 2019 at over 518 million, according to The Block's research.

Kraken has also established five trading pairs for USDC: bitcoin (BTC)/ USDC; ether (ETH)/USDC; USDC/ euro (EUR); USDC/ U.S. dollar (USD) and USDC/USDT.

Notably, the USDC support is currently only available for Kraken, Kraken Pro and its over-the-counter trading platforms. The stablecoin is not being added to Kraken's Futures and Margin Trading platforms at this time.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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