Stablecoins • January 7, 2020, 9:58AM EST

Kraken to list USDC stablecoin tomorrow

Read the non-AMP story on Theblock.co
The Block

Crypto exchange Kraken is set to list the USDC stablecoin, which is issued by the Coinbase and Circle-backed CENTRE Consortium. 

Users of Kraken will be able to trade the stablecoin starting Jan. 8, according to an announcement published Tuesday. USDC is the third stablecoin offering by Kraken, after Tether (USDT) and DAI.

The supply of USDC has risen by almost 98% since Jan. 1, 2019 at over 518 million, according to The Block's research.

Kraken has also established five trading pairs for USDC: bitcoin (BTC)/ USDC; ether (ETH)/USDC; USDC/ euro (EUR); USDC/ U.S. dollar (USD) and USDC/USDT.

Notably, the USDC support is currently only available for Kraken, Kraken Pro and its over-the-counter trading platforms. The stablecoin is not being added to Kraken's Futures and Margin Trading platforms at this time.