Stablecoins supported on Kraken

What is a stablecoin?

A stablecoin is a type of cryptocurrency programmed to track the value of another asset like a government cash currency, such as USD. A stablecoin’s value is pegged to cash currencies, for example, the stablecoin Tether (USDT) is the equivalent of 1 USD and should maintain this peg.

To learn more about stablecoins, check out our Learn Center article: What are Stablecoins?

Kraken supports the following stablecoins:

You can only deposit and withdraw stablecoins using the networks supported on Kraken.

Stablecoin deposits and withdrawals are available on following networks:

Currency

Supported Network(s)

Dai (DAI)

Arbitrum One, Ethereum and Polygon

EURQ (EURQ)

Ethereum

Global Dollar (USDG)

Ethereum, Ink, and Solana

Paypal USD (PYUSD)

Ethereum and Solana

Ripple USD (RLUSD)

Ethereum

Schumans EUROP (EUROP)

Ethereum

Stablr EUR (EURR)

Ethereum

Stablr USD (USDR)

Ethereum

Tether (USDT)

Arbitrum One, Avalanche C-Chain, Ethereum, Flare, Ink, Optimism, Polygon, Solana, The Open Network, Tron, and Unichain

Tether EURt (EURT)

Ethereum

TrueUSD (TUSD)

Tron

USD Coin (USDC)

Arbitrum One*, Avalanche C-Chain, Base, Ethereum, Ink, Optimism*, Polygon*, Solana, and Sui

USDD (USDD)

Tron

USDQ (USDQ)

Ethereum

USDS (USDS)

Ethereum

*Two versions of USDC are currently being supported on Arbitrum, Optimism and Polygon: USDC.e and native USDC.

Important:

When depositing crypto to Kraken ensure the network you are using to send your crypto through and the network selected when generating a deposit address on Kraken match. If these do not match it will result in a loss of funds.

Similarly for withdrawals, ensure that the network you select for your withdrawal matches the network associated with the address you are withdrawing to.

There are different processing times, fees and minimums depending on which network you choose to deposit or withdraw your stablecoin on.

Review the relevant articles below to compare the different networks:

You can buy stablecoins using our instant buy features and exchange them for other cryptocurrencies available on Kraken. If you already have stablecoins you can deposit them to your Kraken account using our website or one of our mobile apps.

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