Kraken and Circle Partner to Enhance USDC & EURC Liquidity

Published: 2025-09-18 01:19:13 |

Circle has partnered with Kraken to expand stablecoin support on the Kraken exchange. The deal deepens USDC liquidity and lowers fees for stablecoin trades. For the first time, Kraken lists the euro-backed stablecoin EURC. Traders benefit from tighter spreads, reduced conversion costs, and seamless access to USDC for margin, settlement, and DeFi products. Both USDC and EURC now have Visa-backed, direct blockchain settlement, bolstering on-chain finance options and market stability.

Neutral

The USDC and EURC partnership with Kraken enhances liquidity, lowers trading fees, and broadens access, supporting more efficient market operations. While these improvements are positive for traders and on-chain finance, they do not influence the $1 peg of these stablecoins. As a result, both short-term trading conditions and long-term adoption benefit, but price stability remains unaffected, leading to a neutral market impact.