Circle and Kraken Partner to Expand Global Reach for USDC and EURC, Aiming to Increase Liquidation and Reduce Trading Fees.
Circle and Kraken have announced a strategic partnership to expand global access to USDC and EURC stablecoins through Kraken’s trading platform. The move, announced on September 17, marks a significant step in enhancing the utility of Circle ’s USD and euro stablecoins and deepening their integration into the digital financial services ecosystem.
Under the agreement, Kraken users will benefit from increased stablecoin liquidation , lower conversion fees, and new use cases tied to on-chain financial applications. This is the first time Kraken has offered access to EURC, marking a significant expansion of the exchange’s stablecoin portfolio.
Mark Greenberg, Global Head of Kraken’s Consumer Business, emphasized the importance of integrating new opportunities for customers to benefit from Circle ’s stablecoin within the products they already use and trust, noting that this is not just “a symbolic gesture” but a real shift in service development strategy.
Strengthening position in the global stablecoin market
Kraken has supported stablecoins since 2017 and is seeing sustained growth in the space as global demand for USD and euro-denominated digital assets continues to grow. This partnership strengthens Kraken ’s market power by increasing support for Circle’s stablecoin infrastructure, while also opening up new opportunities for the development of innovative financial products.
Circle Chief Commercial Officer Kash Razzaghi described the deal as a step towards building “the world’s largest and most widely used stablecoin network.” He stressed that partnering with leading platforms like Kraken will foster new opportunities for onchain finance, laying the foundation for the sustainable growth of the digital asset ecosystem.
While some policymakers still question the Vai of stablecoins in global markets, advocates say partnerships like these are key to building a transparent and scalable financial infrastructure. They believe stablecoins can bypass traditional banking routes, providing efficient and low-cost payment solutions to users globally.
