KEY TAKEAWAYS
- Kraken has launched trading for USDe, a synthetic dollar protocol, on its platform as of September 24, 2025.
- USDe, developed by Ethena, offers a scalable crypto-native solution for digital transactions on the Ethereum blockchain.
- Kraken will enable trading via its App and Instant Buy feature once liquidity conditions are met.
Kraken has announced that USDe, a synthetic dollar protocol, is now available for trading on its platform. Trading for USDe went live on September 24, 2025. This addition allows users to engage with Ethena’s crypto-native solution for money, providing a scalable option for digital transactions.
To start trading USDe, users need to navigate to the Funding section of their Kraken account, select the desired asset, and click ‘Deposit’. It is crucial to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
Understanding Ethena’s USDe
Ethena’s USDe is a synthetic dollar protocol built on the Ethereum blockchain. It offers a crypto-native solution for money, alongside a globally accessible dollar savings asset known as sUSDe. The protocol achieves scalability by delta-hedging Bitcoin, Ethereum, and other governance-approved spot assets using perpetual and deliverable futures contracts. Additionally, it holds liquid stablecoins such as USDC and USDT.
Kraken has noted that trading via its App and Instant Buy feature will become available once liquidity conditions are met. This means that a sufficient number of buyers and sellers must enter the market for efficient order matching. Geographic restrictions may apply to certain users.
Future Asset Listings on Kraken
Kraken has a policy of not revealing details about future asset listings until shortly before launch. However, the platform continues to expand its offerings, and all available tokens can be found on Kraken’s Listings Roadmap and social media profiles. For more information on the USDe listing, visit the official announcement here.
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