USDC deposits and withdrawals are now supported on Algorand.

crypthub

1/22/2026, 3:40:21 PM

Funding USDC

To add USDC to Kraken, go to Funding, select USDC and choose the Algorand network from the drop‑down. Only deposits on networks Kraken supports are credited; using other networks will result in loss. Ensure the destination address matches the Algorand USDC format.

Asset Details

USDC is a fully reserved stablecoin issued by Circle, backed 1:1 by cash and short‑term U.S. Treasury bonds held by regulated institutions. Algorand is a layer‑1 blockchain with pure proof‑of‑stake, offering seconds‑fast finality, low fees, and a carbon‑negative footprint. Both assets are integrated widely across DeFi, payments, and digital commerce.

Trading & Listings

Kraken’s App and Instant Buy become available once sufficient market liquidity is reached, and some geographic limits may apply. Future token listings are announced on the Listings Roadmap and social media, but details remain undisclosed until launch. Stablecoins carry no guarantee of price stability or sufficient reserves for all redemptions.