Kraken Partners with Circle to Expand Stablecoin Access
Kraken has partnered with Circle, the company behind USDC and EURC stablecoins. This partnership aims to speed up stablecoin adoption on Kraken’s global crypto platform. It also opens new on-chain financial opportunities for millions of users.
According to a blog post by Circle, Kraken clients will soon benefit from increased liquidity and lower conversion fees. They will also gain access to Circle’s euro-backed EURC stablecoin. This move strengthens Kraken’s stablecoin infrastructure, making it easier for users to trade, pay, and build on crypto networks.
Circle confirmed the partnership on X, highlighting their shared goal of responsible stablecoin growth. Kraken is already known for strong stablecoin liquidity. This partnership further solidifies its role in digital finance.
Building Stronger Stablecoin Infrastructure
Kraken has supported stablecoins since 2017, with demand growing steadily. More users worldwide now use Kraken for payments and trading. Clearer regulations have increased trust in stablecoins, helping Kraken expand its market share over the past year.
Mark Greenberg, Global Head of Kraken’s Consumer Business, said, “Stablecoins are the financial layer most aligned with crypto’s original architecture. Permissionless, programmable, and global by default.” He added that expanding Circle’s stablecoin support creates real opportunities for users.
Kash Razzaghi, Circle’s Chief Commercial Officer, said, “We’re focused on building the world’s largest, most widely used stablecoin network. Partnering with leading platforms like Kraken drives new opportunities for on-chain finance.”
Circle’s Broader Expansion Strategy
Circle is also advancing its stablecoin roadmap beyond Kraken. The company recently integrated USDC into the Hyperliquid ecosystem, enabling native access on HyperEVM.
Circle announced this expansion on X, stating it brings trusted liquidity, interoperability, and developer support to one of crypto’s most innovative platforms.
Additionally, Circle introduced CCTP V2 interoperability. This allows developers to move digital dollars smoothly across Hyperliquid applications. Direct deposit and CCTP integration will soon launch for HyperCore.
This partnership with Kraken accelerates stablecoin adoption, boosts liquidity, and strengthens on-chain financial infrastructure. Stablecoins continue evolving with Kraken and Circle, driving wider adoption.
