Kraken, one of the world's leading cryptocurrency exchanges, has announced the listing of USD Coin (USDC), the fastest-growing stablecoin globally. This move underscores Kraken's commitment to expanding its offerings with high-demand digital assets while supporting broader adoption of regulated stablecoins.
USDC Trading Pairs on Kraken
Deposits and withdrawals are now live, with trading available across the following pairs:
- XBT/USDC (Bitcoin)
- ETH/USDC (Ethereum)
- USDC/EUR
- USDC/USD
- USDC/USDT
👉 Discover how USDC compares to other stablecoins
USDC's Market Growth and Adoption
USDC reached a milestone in December 2022 as the second stablecoin to surpass a $500 million market cap. While market fluctuations have since adjusted this figure, the redemption mechanism remains robust—nearly $1 billion in USDC has been redeemed for fiat currency to date.
Key Advantages of USDC:
- Regulated and Transparent: Backed 1:1 by U.S. dollar reserves, with monthly attestations by Grant Thornton LLP.
- Broad Ecosystem Support: Integrated by over 100 companies and 60+ exchanges worldwide.
About CENTRE Consortium
USDC was developed by CENTRE, a joint venture co-founded by Circle and Coinbase, to establish standards for fiat-backed stablecoins. CENTRE aims to:
- Provide governance for asset-backed digital currencies.
- Explore reserve-backed global digital currency models.
👉 Learn why traders prefer USDC for liquidity
How to Use USDC
FAQs
1. Is USDC safer than other stablecoins?
Yes. USDC is fully regulated and audited monthly to ensure 1:1 reserve backing.
2. Can USDC be traded 24/7?
Absolutely. USDC markets operate continuously on Kraken and other supporting exchanges.
3. How does USDC differ from USDT?
USDC prioritizes regulatory compliance and transparency, while USDT’s reserve audits are less frequent.
4. What makes CENTRE unique?
It’s the only consortium co-founded by major players (Circle, Coinbase) to standardize stablecoin adoption.
5. Where can I discuss USDC?
Join the CENTRE Discord community.
For further reading on stablecoin trends, check our in-depth analysis 👉 here.
### Keywords:
- USDC
- Kraken exchange
- Stablecoin adoption
- CENTRE Consortium
- Crypto trading pairs
- Regulated stablecoins
- Circle and Coinbase