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?

Which stablecoins does Kraken support?

Important:

For clients residing in the EEA, our stablecoin offering is different. See ‘Changes to our stablecoin offerings for EEA clients’ for the current list of delisted stablecoins and regional restrictions.

Kraken supports the following stablecoins:

*delisted for EEA clients, see EEA stablecoin article.

Supported networks

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
EURC (EURC)	Ethereum
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:

What can I do with stablecoins on Kraken?

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.

Stablecoins supported on Kraken

What is a stablecoin?

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