Kraken Adds Support for USDT0 Deposits and Withdrawals on Stellar Network
(45 days ago) · 1 source · Summarized by CryptoBipto
Kraken has announced that users can now deposit and withdraw USDT0 on the Stellar blockchain. This expands the available network options for moving the stablecoin on the exchange.
WHY IT MATTERS
When you hold a stablecoin like USDT (a cryptocurrency designed to stay pegged to the US dollar), you need to choose which blockchain network to use when sending it to or from an exchange. Think of it like choosing whether to send a package via different delivery services — each network has different speeds and costs. Kraken now lets users move USDT0, a version of USDT that works across multiple blockchains, using the Stellar network, which is generally known for being fast and inexpensive. This gives users one more option for how they transfer their funds.
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- blog.kraken.com
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