Funding
You can transfer USDC to your Kraken account by going to Funding, selecting USDC and choosing your desired deposit (network) method from the drop-down list: Algorand.
Make sure to deposit your tokens on networks supported by Kraken. Deposits made via other networks will be lost.
Here is some additional information about these assets:
USDC
USDC is a fully-reserved digital stablecoin issued by Circle. Each USDC is backed 1:1 by cash and short-term U.S. Treasury bonds, with reserves held by regulated financial institutions and verified monthly by an independent accounting firm. USDC enables fast and low-cost global transactions and is widely integrated into DeFi protocols, payment platforms and digital commerce applications.
Algorand
Algorand is a layer 1 blockchain designed for speed, security and sustainability. Using a pure proof-of-stake consensus mechanism, Algorand processes transactions in seconds with instant finality and minimal fees. The network is carbon neutral and designed to support global financial applications, from payments to tokenization, with enterprise-grade performance and reliability.
Please note:
- Trading through Kraken App and Instant Buy will be available once liquidity conditions are met. (when enough buyers and sellers have entered the market for their orders to be effectively matched).
- Geographic restrictions may apply
Will Kraken make more assets available?
Yes! But our policy is not to reveal any details until shortly before launch, including which assets we are considering. All available Kraken tokens can be found here, and all future tokens will be announced on our announcement roadmap and social media profiles. Our customer engagement specialists cannot answer any questions about what assets we might make available in the future.
Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value relative to the value of the reference asset when traded in secondary markets or that the asset reserve, if any, will be sufficient to satisfy all redemptions.
