We’re excited to announce that USDT0 is now out there on Kraken!
Funding
Deposits and withdrawals for USDT0 shall be reside beginning at 15:00 PM UTC as we speak, January sixteenth.
So as to add USDT0 to your Kraken account, merely navigate to Funding, choose USDT, and click on ‘Deposit’.
⚠️ Vital: You’ll want to deposit your tokens on the Ink community. Deposits made by way of unsupported networks shall be misplaced.
Begin buying and selling now and expertise extra methods to handle your digital belongings!
Right here’s some extra details about this asset:
USDT0 is Tether’s new omnichain USD stablecoin designed to unify liquidity throughout a number of blockchains. Constructed on LayerZero’s Omnichain Fungible Token (OFT) normal, USDT0 permits seamless and safe cross-chain transfers with out the necessity for impartial deployments, liquidity swimming pools, or bridging options. This construction enhances capital effectivity and streamlines asset motion throughout networks.
Launched completely on Ink, the DeFi-focused Layer 2 on the Optimism Superchain, USDT0 addresses liquidity fragmentation by enabling easy integration for builders and clean person transactions throughout supported chains. Every USDT0 token is absolutely backed 1:1 with USDT locked on Ethereum, guaranteeing safety.
Prepared however don’t have a Kraken account but? Join as we speak!
Will Kraken make extra belongings out there?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s out there tokens may be discovered right here, and all future tokens shall be introduced on Kraken’s weblog and social media profiles. Our shopper engagement specialists can not reply any questions on which belongings we could also be making out there sooner or later.
Though the time period “stablecoin” is usually used, there isn’t a assure that the asset will preserve a secure worth in relation to the worth of the reference asset when traded on secondary markets or that the reserve of belongings, if there’s one, shall be enough to fulfill all redemptions.
