Dollar-pegged stablecoin $U has begun trading on Kraken through the USTABLES/USD market, with synthetic trading pairs covering fiat currencies, major crypto assets and stablecoins. After about nine months in circulation, $U has a circulating market value of roughly $1.27 billion and daily trading volume of about $200 million. The token is also listed on Binance and other exchanges, operates across BNB Chain, Ethereum and TRON, and has been integrated into Lista, Venus, payments and on-chain settlement applications.