USD stablecoin U is launched on Kraken exchange, supporting USTABLES/USD trading pairs

The US dollar stablecoin U (USTABLES) has officially been launched on the Kraken exchange, supporting USTABLES/USD trading. The circulating market value of this stablecoin is about 1.27 billion US dollars, with a daily trading volume of about 200 million US dollars. It has been listed on exchanges such as Binance, covering BNB Chain, Ethereum, and TRON, and is integrated with DeFi protocols such as Lista and Venus.