Kraken Partners with Circle to Boost Global USDC and EURC Access
Kraken and Circle announced a partnership to expand liquidity and lower fees for USDC while introducing EURC to Kraken users, aiming to grow stablecoin adoption worldwide.
Kraken officially announced a collaboration with Circle to expand access to USDC and introduce EURC on its platform. The exchange will deepen its support for USDC by offering increased liquidity, lower conversion fees, and opportunities for onchain financial applications. Customers will also gain access to Circle’s fully reserved EURC, expanding euro-denominated stablecoin use. Kraken’s leadership emphasized that stablecoins align with crypto’s original vision of being permissionless and global. Circle stated the partnership is part of its effort to build the world’s most widely used stablecoin network.
- USDC: A U.S. dollar–pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the USD.
- EURC: A euro–pegged stablecoin issued by Circle, aiming to maintain parity with the euro.
- Stablecoin: A cryptocurrency designed to maintain a stable value by pegging to a fiat currency like USD or EUR.