We’re excited to announce that USDT0 is now out there on Kraken!
Funding
Deposits and withdrawals for USDT0 will probably be stay 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’.
⚠️ Necessary: You should definitely deposit your tokens on the Ink community. Deposits made by way of unsupported networks will probably be misplaced.
Begin buying and selling now and expertise extra methods to handle your digital property!
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 unbiased deployments, liquidity swimming pools, or bridging options. This construction enhances capital effectivity and streamlines asset motion throughout networks.
Launched solely on Ink, the DeFi-focused Layer 2 on the Optimism Superchain, USDT0 addresses liquidity fragmentation by enabling easy integration for builders and easy person transactions throughout supported chains. Every USDT0 token is totally backed 1:1 with USDT locked on Ethereum, making certain safety.
Prepared however don’t have a Kraken account but? Join as we speak!
Will Kraken make extra property out there?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s out there tokens will be discovered right here, and all future tokens will probably be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can’t reply any questions on which property 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 keep a steady worth in relation to the worth of the reference asset when traded on secondary markets or that the reserve of property, if there’s one, will probably be sufficient to fulfill all redemptions.
