Funding
You can transfer USDC to your Kraken account by navigating to Funding, selecting USDC and choosing the desired deposit method (network) from the drop-down box: Algorand.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
Here’s some more information about these assets:
USDC
USDC is a fully reserved digital dollar stablecoin issued by Circle. Each USDC is backed 1:1 by cash and short-term U.S. Treasury bonds, with reserves held by regulated financial institutions and attested monthly by an independent accounting firm. USDC enables fast, low-cost global transactions and is widely integrated across DeFi protocols, payment platforms, and digital commerce applications.
Algorand
Algorand is a Layer-1 blockchain built for speed, security, and sustainability. Using a pure proof-of-stake consensus mechanism, Algorand processes transactions in seconds with instant finality and minimal fees. The network is carbon-neutral and designed to support global financial applications, from payments to tokenization, with enterprise-grade performance and reliability.
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.