At Kraken, we’re committed to offering trusted, transparent and innovative stablecoin solutions. That’s why we’re proud to work alongside Paxos, Robinhood and Anchorage as part of the Global Dollar Network to bring you USDG.
Backed by Paxos, a global leader in stablecoins, USDG comes with the confidence of over $160 billion in stablecoins issued since 2018, all under the oversight of top financial regulators. USDG is designed to be a trusted and transparent stablecoin for trading and holding value, bringing seamless access to digital dollars for users worldwide.
What are stablecoins?
Stablecoins bridge traditional finance with blockchain technology, offering the stability of fiat with the efficiency of crypto. Pegged 1:1 to the U.S. dollar, they provide a secure and reliable way to transact, trade and store value in the digital economy. This combination makes stablecoins a preferred choice for global payments, trading and safeguarding funds from market volatility.
Why USDG?
Regulation and transparency
USDG is fully backed by cash and cash equivalents in segregated accounts, audited monthly. Paxos is regulated by the Monetary Authority of Singapore, one of the world’s top financial authorities, ensuring the strongest consumer protection.
1:1 pegged stability
USDG is fully backed by cash and cash equivalents in segregated accounts, ensuring that every token maintains a 1:1 peg to the U.S. dollar.
Multi-chain global accessibility
Built on the Ethereum (ERC-20) and Solana blockchains, USDG combines the stability of the U.S. dollar with the speed and transparency of blockchain technology. This global accessibility empowers users worldwide to leverage a trusted digital asset for a variety of purposes, allowing users worldwide to trade and hold with ease.
How to get started with USDG
Ready to start using USDG?* Follow these simple steps to get started in minutes:
- Log in to your Kraken account: (or sign up if you’re new).
- Deposit USD or purchase USDG directly
- Convert USD to USDG
Use USDG wherever you’d normally use stablecoins, whether it’s for trading or holding a stable asset.
Coming soon: Earn on USDG
USDG is just the beginning of Kraken’s commitment to stablecoin innovation.
Soon, holders on Kraken will soon gain access to an exclusive rewards program, offering an opportunity to earn competitive returns with no extra steps. Stay tuned!
USDG: The next-generation stablecoin
USDG reflects our dedication to providing transparent, secure and forward-thinking products that accelerate the adoption of cryptocurrency so everyone can achieve financial freedom and inclusion. USDG is another step in that direction, integrating blockchain technology with real-world financial applications.
Where to learn more
Want to dive deeper into the details of USDG? Check out the Paxos USDG white paper and our $USDG asset listing blog.
Join the millions of users leveraging Kraken’s innovative solutions to achieve their financial goals.
*$USDG is not available for trading in CA and the EEA
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. Rewards rates are determined and paid out by Kraken in its sole discretion and are subject to change. See Legal Disclosures for each jurisdiction here.
