We’re thrilled to announce that Global Dollar ($USDG) is now available for trading on Kraken!
Funding and trading
Trading for $USDG is live as of 21:00 PM UTC November 4, 2024.
To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
The new tokens are tradeable on Kraken and Kraken Pro with the following parameters:
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).
$USDG is currently unavailable in CA, all European Economic Area (EEA) countries and in the U.K.
Here’s some more information about this asset:
Global Dollar (USDG): 1 USDG = 1 USD. Built to power global stablecoin adoption, USDG is an ERC-20 token built on the Ethereum platform which aims to maintain the price of 1 USD per 1 USDG. According to issuer Paxos, this is done by holding an equivalent value of U.S. dollar denominated assets in reserve.
Ready to trade but don’t have a Kraken account yet? Sign up today!
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 Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. Due to its partnership with Global Dollar Network, Kraken receives an economic benefit with respect to amounts of USDG minted, held on platform, and received in on-chain transfers.
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Source: https://blog.kraken.com/product/asset-listings/usdg-is-available-for-trading
