Sep 17, 2025
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Kraken Partners With Circle to Enhance USDC, EURC Access and Liquidity
Kraken and Circle have announced a partnership to enhance stablecoin infrastructure, focusing on USDC and introducing EURC support on Kraken's platform.
- This collaboration aims to offer Kraken clients increased liquidity, reduced conversion fees, and new opportunities to utilize USDC across Kraken's applications.
- EURC will now be accessible on Kraken, addressing a previous gap in their offerings.
- Kraken is ranked 13th by spot trading volume with $46.96 billion and has the 11th largest derivatives trading volume at $46.01 billion as of August.
Circle Stablecoins USDC and EURC
- Circle issues USDC, the second-largest USD stablecoin by market cap and trading volume, with a 30-day volume of $661 billion.
- USDC is recognized as the most widely used regulated stablecoin with a $68 billion market cap.
- EURC, though smaller, shows growth, with its market cap rising from $36.46 million to $238.71 million over 14 months.
- USDC and EURC are among four stablecoins accepted by Visa for direct settlement, with volumes increasing significantly.
This partnership enhances stablecoin utility globally, reflecting their importance in crypto markets.