Kraken has expanded stablecoin access with a partnership with Circle, the company behind USDC and EURC. The partnership aims to accelerate stablecoin adoption across Kraken’s global crypto platform. It also unlocks new on-chain financial opportunities for millions of users.
In a blog post, the platform explained that Kraken clients will soon gain increased liquidity, reduced conversion fees, and access to Circle’s euro-backed EURC stablecoin. This deepens Kraken’s stablecoin infrastructure, making it easier for users to trade, pay, and build on crypto rails.
Circle confirmed the partnership on X, emphasizing the shared goal of responsible stablecoin growth. Kraken has already built a strong reputation as a leader in stablecoin liquidity. Consequently, the partnership strengthens its position in digital finance.
Moreover, clients will soon gain access to EURC, Circle’s fully reserved euro stablecoin, alongside existing USDC support.
Building Stronger Stablecoin Infrastructure
Since adding stablecoins back in 2017, Kraken has seen demand grow steadily. More people around the world now use the exchange for payments and trading. Clearer regulations have also boosted trust in stablecoins, helping Kraken grow its market share even more over the past year.
Mark Greenberg, Global Head of Kraken’s Consumer Business, explained the motivation. “Stablecoins are the financial layer most aligned with crypto’s original architecture. Permissionless, programmable, and global by default.” He stressed that expanding support for Circle’s products embeds real opportunities for clients instead of merely checking boxes.
Kash Razzaghi, Circle’s Chief Commercial Officer, reinforced this vision. He noted, “We’re focused on building the world’s largest, most widely used stablecoin network, and partnering with leading platforms, like Kraken, to drive new opportunities for onchain finance.”
Circle’s Broader Expansion Strategy
Beyond Kraken, Circle also advanced its stablecoin roadmap yesterday. The company moved USDC into the Hyperliquid ecosystem, enabling native access on HyperEVM.
Besides, it introduced CCTP V2 interoperability, giving developers smooth flows of digital dollars across Hyperliquid applications. Additionally, direct deposit and CCTP integration will roll out soon for HyperCore.
This partnership accelerates stablecoin adoption, boosts liquidity, and strengthens onchain financial infrastructure. Stablecoins are evolving with Kraken and Circle, accelerating adoption.
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