Funding
We’re pleased to announce that Kraken now supports deposits and withdrawals of USDT0 on the Stellar network. USDCx funding via Aleo is now live.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
About USDCx on Aleo
USDCx is a dollar-denominated stablecoin on the Aleo network, backed 1:1 by USDC held in Circle xReserve. For every unit of USDCx minted on Aleo, an equivalent amount of USDC is locked in a Circle-managed smart contract, with deposits and redemptions verified through cryptographic attestations rather than a third-party bridge.
USDCx transactions on Aleo are encrypted by default. Sender, receiver and amount are not visible. This enables use cases such as payroll, vendor settlement and remittances where transaction detail is commercially sensitive. Privacy features apply to USDCx on the Aleo network only. USDCx held or bridged on other networks does not carry these properties.
About Aleo
Aleo is building the foundation for a more private digital world. From the ground up, every transaction is private by default, bringing privacy and scalability to stablecoins and blockchain-based financial systems.
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.
The post USDCx on Aleo deposits and withdrawals now available! appeared first on Kraken Blog.
