Kraken Lists New Stablecoins USDR and EURR for Trading – BitRss

Kraken introduces USDR and EURR stablecoins, enhancing its trading platform with new digital assets.
USDR and EURR are fully collateralized stablecoins, pegged to the US dollar and euro respectively, offering stability and liquidity.
Trading for these stablecoins will commence on February 1, 2025, with geographic restrictions potentially applying.
Kraken plans to expand its asset offerings, with future listings announced via its Listings Roadmap and social media.

Kraken has announced the addition of two new stablecoins, USDR and EURR, to its trading platform. Funding for these assets will be available starting at 17:00 UTC on January 31, 2025, with trading set to commence at 17:00 UTC on February 1, 2025. The announcement was made here.

To deposit these assets, users should navigate to the Funding section of their Kraken account, select the desired asset, and proceed with the deposit. It is crucial to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.

Understanding USDR and EURR

StablR EUR (EURR) is a stablecoin pegged 1:1 to the euro, designed to facilitate seamless cross-border transactions and decentralized finance (DeFi) applications. It is fully collateralized, backed by a combination of cash reserves and real-world assets, providing stability and liquidity for users seeking a reliable euro-denominated digital asset.

StablR USD (USDR) is a stablecoin pegged to the US dollar, backed by real-world assets such as tokenized real estate and yield-bearing securities. Unlike traditional stablecoins, USDR offers the potential for passive income through its backing, presenting a unique alternative within the DeFi ecosystem.

Trading Conditions and Restrictions

Trading for USDR and EURR via the Kraken App and Instant Buy will be available once liquidity conditions are met, ensuring that a sufficient number of buyers and sellers are present in the market. Users should be aware that geographic restrictions may apply when trading these assets.

Kraken has indicated that it plans to make more assets available in the future, though details will only be revealed shortly before launch. All current and future tokens can be found on Kraken’s Listings Roadmap and social media profiles.

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