Kraken: Officially Lists USDT (TRC-20)

By May 12, 2021Tron | TRX

Kraken, one of the biggest cryptocurrency exchanges in the world has officially listed TRON’s very own USDT (TRC-20) into their platform today.

Users would be able to do immediate transactions such as deposits and withdrawals without being charged for any transaction fees.

Trading would be starting on May 14th at approximately 15:30 UTC and the minimum trading amount for the USDT (TRC-20) is 5 USDT.

Kraken services currently available for the USDT (TRC-20) are the following:

  • Kraken
  • Kraken Pro
  • Kraken OTC

TRON’s USDT (TRC-20) circulation amount issued by Tether on the TRON blockchain exceeded already 29.9 Billion making it one of the biggest on the network.

What is Kraken?

Kraken is a US-based cryptocurrency exchange and bank that was established in 2011 and they are one of the biggest cryptocurrency exchanges in the world.

Kraken is also one of the pioneers when it comes to Bitcoin exchanges with the widest selection of digital assets and currently, they are ranked 4th largest exchange in the world.

Asides from the USDT (TRC20) and TRX, Kraken support the following cryptocurrencies:

Ethereum (ETH), Bitcoin Cash (BCH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Stellar/Lumens (XLM), Ethereum Classic (ETC), Augur REP tokens (REP), ICONOMI (ICN), Melon (MLN), Zcash (ZEC), Dogecoin (XDG), Tether (USDT), Gnosis (GNO), and EOS (EOS).

What is USDT (TRC-20)?

USDT (TRC-20) is a U.S. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON and TRC20-TUSD. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain.

The token is tied to the USD on a 1:1 ratio, which makes it a lot less volatile than other cryptocurrencies.

With the listing of USDT (TRC-20) on Kraken, more users would be able to benefit from the amazing features of the TRON-based USDT such as real-time transcations with no handling fees and this could give way for more TRON-based stablecoins in many cryptocurrency exchanges in the near future. Who knows, maybe the TRC20-DOGE would be the next in line to be listed on the biggest cryptocurrency exchanges in the world.

For more news and updates, see Tron Spark.

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Eder Teixeira

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