We are excited to announce that USDT0 is now available on Kraken!
Funding
Deposits and withdrawals for USDT0 will be live starting at 15:00 UTC today, January 16.
To add USDT0 to your Kraken account, simply go to Funding, select USDTthen click on “Deposit”.
⚠️ Important: make sure to deposit your tokens on the Ink network. Deposits made via unsupported networks will be lost.
Start trading now and discover more ways to manage your digital assets!
Here is some additional information about this asset:
USDT0 is Tether’s new USD omnichain stablecoin designed to unify liquidity across multiple blockchains. Built on LayerZero Omnichain Fungible Token (OFT) standard, USDT0 enables transparent and secure cross-chain transfers without the need for independent deployments, liquidity pools or bridging solutions. This structure improves capital efficiency and streamlines the movement of assets across networks.
Launched exclusively on InkThe DeFi-focused layer 2 on the Optimism superchain, USDT0 addresses liquidity fragmentation by enabling effortless developer onboarding and seamless user transactions on supported chains. Each USDT0 token is fully backed 1:1 with USDT locked to Ethereum, ensuring security.
Ready but don’t have a Kraken account yet? Register today!
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 Kraken’s blog 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 on secondary markets or that the asset reserve, if it exists, will be sufficient to satisfy all redemptions.
