USDC on Algorand is now available for Kraken customers, enabling deposits and withdrawals of USDC on the Algorand blockchain across the Kraken exchange and the Kraken mobile app. The integration expands access to fast, low-cost transactions while supporting broader adoption of Algorand for real-world financial use cases. “Expanding access to USDC on Algorand through Kraken brings fast, low-cost digital dollar transactions to millions of customers worldwide,” said Devan Moorthy, Head of Business Development at the Algorand Foundation. “This integration highlights how Algorand’s high-performance infrastructure supports real-world financial use at global scale.”
The launch reflects continued momentum across the Algorand ecosystem. By supporting USDC on Algorand, Kraken customers can move digital dollars with near-instant settlement and minimal fees, benefiting from Algorand’s scalable and reliable blockchain infrastructure. As part of the integration, Kraken will operate an Algorand node, contributing to the decentralization and resilience of the network. Kraken will also receive a delegation of ALGO to help support infrastructure.
These tokens will not earn rewards, underscoring a shared focus on strengthening the network rather than yield generation. USDC on Algorand will also be available within Kraken, Kraken’s money app, allowing customers to spend, send, and hold both USDC and ALGO.
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