We’re thrilled to announce that Kraken now supports deposits and withdrawals of Tether (USDT0) on Plasma!
Funding
USDT0 funding via Plasma is already live. You can transfer USDT0 to your Kraken account by navigating to Funding, selecting USDT0 and choosing the desired deposit method (network) from the drop-down box: Plasma.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
Here’s some more information about these assets:
Tether (USDT0)
USDT0, the unified liquidity network for USDT, simplifies cross-chain movement without fragmented pools or complex bridges. As the unified gateway for USDT interoperability and expansion, USDT0 simplifies cross-chain liquidity, enhances accessibility, and unlocks new use cases for Tether holders, businesses, and DeFi platforms. With a focus on efficiency and scalability, USDT0 is redefining how USDT operates across networks.
Plasma
Plasma is a blockchain purpose built for high-volume, low-cost stablecoin activity. It serves as the core settlement layer for a new financial system where digital dollars can move instantly, power real-world payments, and support products for consumers, businesses, and financial institutions.
Please note:
- Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
- Geographic restrictions may apply
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on our Listings Roadmap and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
