We’re excited to announce that USDT0 is now available on Kraken!
Funding
Deposits and withdrawals for USDT0 will be live starting at 15:00 PM UTC today, January 16th.
To add USDT0 to your Kraken account, simply navigate to Funding, select USDT, and click ‘Deposit’.
⚠️ Important: Be sure to deposit your tokens on the Ink network. Deposits made via unsupported networks will be lost.
Start trading now and experience more ways to manage your digital assets!
Here’s some more information about this asset:
USDT0 is Tether’s new omnichain USD stablecoin designed to unify liquidity across multiple blockchains. Built on LayerZero’s Omnichain Fungible Token (OFT) standard, USDT0 allows seamless and secure cross-chain transfers without the need for independent deployments, liquidity pools, or bridging solutions. This structure enhances capital efficiency and streamlines asset movement across networks.
Launched exclusively on Ink, the DeFi-focused Layer 2 on the Optimism Superchain, USDT0 addresses liquidity fragmentation by enabling effortless integration for developers and smooth user transactions across supported chains. Each USDT0 token is fully backed 1:1 with USDT locked on Ethereum, ensuring security.
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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.
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.
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Source: https://blog.kraken.com/product/asset-listings/usdt0-launches-exclusively-on-kraken
