Circle and Kraken Ignite Stablecoin Shakeup With Game-Changing Partnership

CN
8 hours ago

Circle and Kraken jointly announced on Sept. 17 that they have entered into a strategic partnership to expand global access to the USDC and EURC stablecoins through Kraken’s trading platform. The move is intended to increase the utility of Circle’s digital dollar and euro-denominated stablecoins by integrating them more deeply into Kraken’s services. As a result of the collaboration, users of Kraken are set to benefit from greater stablecoin liquidity, lower conversion fees, and new use cases tied to onchain financial applications.

Mark Greenberg, Global Head of Kraken’s Consumer Business, framed the move within a broader vision:

Expanding support for Circle’s products isn’t about ticking boxes. It’s about embedding new opportunities to benefit from Circle’s stablecoins into products our clients already use and trust.

Kraken, which has supported stablecoins since 2017, has experienced sustained growth in the sector as global demand for digital dollar and euro assets continues to rise. This partnership builds on the exchange’s market strength by enhancing support for Circle’s stablecoin infrastructure. It also marks the first time Kraken will offer access to EURC, broadening its stablecoin portfolio.

Circle’s Chief Commercial Officer Kash Razzaghi described the deal as a step toward a broader goal:

We’re focused on building the world’s largest, most widely used stablecoin network, and partnering with leading platforms, like Kraken, to drive new opportunities for onchain finance.

While some policymakers continue to question the role of stablecoins in global markets, advocates see partnerships like this as critical to building scalable, transparent infrastructure for financial services beyond traditional banking rails.

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