KEY TAKEAWAYS
- Kraken has launched AUSD, a stablecoin pegged 1:1 with USD, for trading on its platform.
- Users can deposit AUSD by selecting the ‘Deposit’ option in the Funding section, ensuring network compatibility.
- AUSD offers cost-efficient transactions due to its gas-optimized smart contract, enhancing trading and payment processes.
- Trading via Kraken App and Instant Buy will be available once liquidity conditions are met.
Kraken has announced that AUSD, a digital dollar stablecoin, is now available for trading on its platform. The trading went live on January 8, 2025, allowing users to engage with this new asset.
To add AUSD to a Kraken account, users should navigate to the Funding section, select AUSD, and proceed with the ‘Deposit’ option. It is crucial to ensure that deposits are made using networks supported by Kraken, as deposits via unsupported networks will be lost.
AUSD is a stablecoin minted at a 1:1 ratio with USD fiat. It is designed to be a secure digital currency, facilitating trading, lending, and payments. AUSD is noted for its cost-efficiency in transactions, attributed to its gas-optimized smart contract, making it particularly suitable for traders and payment processes.
Trading AUSD via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means a sufficient number of buyers and sellers must be present in the market to ensure efficient order matching. Additionally, geographic restrictions may apply to trading AUSD on Kraken.
Kraken has indicated that more assets will be made available in the future, although specific details about upcoming listings are not disclosed until shortly before launch. All current and future tokens can be tracked on Kraken’s Listings Roadmap and social media profiles. More information about AUSD’s availability on Kraken can be found here.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
