USD Coin (USDC) Poised for Kraken Listing Tomorrow

USD Coin (USDC) Poised for Kraken Listing Tomorrow

A week into the New Year and Kraken are continuing their mission to grow their listings with the new addition of the USD Coin (USDC) stablecoin.

The token as mentioned is a stablecoin pegged to the US Dollar, hence where the name comes from. With this considered, you might think it sounds very similar to Tether (USDT) and you would be right, as they have an almost identical system in place.

However, USD Coin has become a preferred USD pegged coin as opposed to the more controversial Tether coin of old. Of course, due to the fact it is stablecoin, there is little concern about market fluctuation and will always be the same value as the USD.

The token itself was formed by CENTRE, a consortium from one of Kraken’s competitors, Coinbase and another big-name crypto firm, the peer-to-peer payment technology company, Circle. With USDC being the flagship cryptocurrency project from the two firms in partnership.

The consortium and the token itself both formed in October 2018, but has seen good progress in its relatively short history and is the second-biggest stablecoin in the world, with a current market capitalization of over $500 million.

Alongside these accreditations for its viability from its founders, you also have the added perk of the third-party adjudication of the token provided by Grant Thornton LLP, one of the top 5 accounting firms in the world, who attest USDC once a montn.

At the time of writing, 1.3 billion USDC have been issued and $830 million has so far been redeemed. The token is also a viable one thanks to it being based on Ethereum’s ERC-20 standard, so it can be used alongside most major wallet and custody services.

The listing of the token is scheduled for approximately 14:30 UTC on January 8 when deposits and withdrawals open. You can then expect trading to begin shortly after these clear.

When this happens, the trading pairs that will be available are XBT/USDC, ETH/USDC, USDC/EUR, USDC/USD, and USDC/USDT. You can then begin trading through all channels on the platform except for Kraken Futures and Margin Trading. There may be some limits imposed also.

For full details and to prepare to trade the USDC go to Kraken now.

Recently Similar News

cex-promotion etoro-promotion

Latest Guides

Latest News

DeversiFi,Giveaway,Native Coin,Trading

DeversiFi Launch 1 Million NEC Trading Competition

DeversiFi have launched a Trading Competition where 1 million of their native token, NEC are available to be won. The news of the competition was announced yesterday and the timing coincided perfectly with other NEC related news today where the platform announced that their token has now become 100% community-owned. Described as “major milestone” in […]

27 January, 2020

EXMO Acquires Two New Licenses from Estonia Authorities.

EXMO has acquired two licenses from Estonia Authorities which they had previously made clear they would attempt to acquire. Back at the start of December, we reported the news that EXMO was planning to further legitimise their operations going into 2020, be more transparent, and explore areas of regulation available to them globally. Specifically, the […]

26 January, 2020
KuCoin,Margin Trading,Mobile,Updates

KuCoin Now Offers Margin Trading Support On Mobile App

A list of updates was unveiled by KuCoin on Friday for version V3.7.0 of their app which offers interesting new benefits available for mobile traders. The biggest news in regards to this was the addition to the mobile app of margin trading, which is one of the newest KuCoin products rolled out in the fourth […]

26 January, 2020
Binance,Binance Launchpad,India,Token Sale

Binance Reveal First Launchpad Project of 2020, WazirX

The first Binance Launchpad project of 2020 has been announced, WazirX. Binance Launchpad is the wing of the crypto platform by which they put their support behind innovative projects. Last year there were various projects of all shapes and sizes supported by this initiative and by working together with them they managed to raise their […]

25 January, 2020
BEST,BitPanda,Burn,Native Coin

BitPanda Announce Details of First Native Coin Burn

BitPanda yesterday announced the date for the first scheduled burn for their native token, BEST, and have hinted at some new features that will soon be implemented on the token. The news of this first burn has come as somewhat of a surprise because the date for the first token burn was previously earmarked for […]

24 January, 2020
CoolWallet,Native Coin,OKCoin,Wallets

CoolWallet S Now Supports OKB token

CoolWallet and exchange platform, OkCoin have teamed up, allowing OKB to be stored on the CoolWallet S and there is a commemorative product available to celebrate the new addition. Support for OkCoin’s native token has now been available on CoolWallet for a little over a week. And so, if you own a CoolWallet S then […]

23 January, 2020

CEX Latest Platform to List Cosmos (ATOM)

CEX have become the latest token to list the Cosmos network native token, Cosmo (ATOM). The blockchain describes itself as the “Internet of blockchains” and CEX have said it has been chosen due to a large number of requests from their traders asking for it to be listed. However, CEX are not the only party keen to get the token listed. […]

23 January, 2020

Algorand (ALGO) Is Now Live at Kraken

Kraken have added the latest token for trading to their expanding platform, Algorand (ALGO). News of the proof-of-stake blockchain’s token being listed on the platform broke yesterday. This has been promptly followed today with both deposits and withdrawals of ALGO going live for traders to indulge. Algorand itself is a blockchain that is still in […]

22 January, 2020