Kraken Exchange Added Stable USD Coin (USDC) Support

Cryptocurrency exchange Kraken announced the start of support for the USDC stablecoin. Trading in a new asset is startingToday, January 8, deposit acceptance is already open.

Trading will be in pairs XBT / USDC, ETH / USDC, USDC / EUR, USDC / USD and USDC / USDT

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In his message to the CENTER Consortium, whichis an issuer of USDC, calls the asset “the fastest growing stablecoin” and recalls that in December it became the second stable coin with a capitalization of more than $ 500 million.

Since then, the USDC capitalization has somewhat decreased, which, however, did not prevent traders from exchanging the asset for fiat currencies for a total of about $ 1 billion.

It is noteworthy that the listing of USDC on Kraken occurred shortly after this asset was withdrawn from trading in several low-liquid pairs by Binance.