We’re thrilled to announce that Kraken now supports deposits and withdrawals of USD Coin (USDC) on Sonic!
Funding
USDC funding via Sonic is already live. You can transfer USDC to your Kraken account by navigating to Funding, selecting USDC and choosing the desired deposit method (network) from the drop-down box: Sonic.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
Here’s some more information about these assets:
USDC (USDC)
USDC offers a digital bridge between the traditional and decentralized financial ecosystems. USDC aims to offer the stability of the U.S. dollar with the speed and accessibility of digital currency. Like a trusted currency exchange booth in the digital realm, USDC aims to provide a one-to-one conversion between traditional and digital dollars.
Sonic (S)
Sonic is a high-speed, EVM-compatible, Layer 1 blockchain designed to deliver fast, secure and decentralized performance. As the evolution of Fantom, Sonic aims to solve the blockchain trilemma with sub-second finality and high throughput. With built-in Ethereum interoperability and a versatile native token (S) used for staking, governance and fees, Sonic offers a streamlined foundation for scalable, next-generation decentralized applications.
Please note:
- Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
- Geographic restrictions may apply
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on our Listings Roadmap and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
