We’re excited to announce that Kraken now supports Tether (USDT) deposits and withdrawals through the Solana network! This integration offers faster transactions and lower fees, enhancing your crypto experience.
What Is Solana?
Solana is an open-source blockchain platform designed for decentralized applications (dApps). It uses proof-of-history (PoH) to boost transaction speed and scalability. Key features include:
- High throughput (50,000+ transactions per second).
- Low-cost transactions.
- A thriving ecosystem of DeFi protocols and NFT marketplaces.
👉 Learn more about Solana’s technology
How to Deposit USDT via Solana
Funding is now live! Follow these steps:
- Log in to your Kraken account.
- Navigate to Funding > Select USDT.
- Choose SPL (Solana Program Library) as the network.
Already hold USDT on Solana? Deposit directly to your Kraken wallet!
About Tether (USDT)
Tether (USDT) is the world’s largest stablecoin, pegged 1:1 to the USD. It’s widely used for:
- Trading and arbitrage.
- Hedging against market volatility.
- Cross-border transactions.
Future Asset Additions
Kraken plans to support more assets but maintains confidentiality until launch. Stay updated via:
- Kraken’s official blog.
- Social media channels (Twitter/X, Telegram).
Trading Risks
- Limit orders may not execute if prices fluctuate.
- Market volatility can impact liquidity. Always trade cautiously.
FAQ
Q: Why use Solana for USDT transfers?
A: Solana offers faster speeds (2-3 seconds per transaction) and lower fees (fractions of a cent) compared to Ethereum.
Q: Is there a minimum deposit for USDT on Kraken?
A: No, but standard network fees apply. Check Kraken’s Funding page for details.
Q: Will Kraken list more stablecoins?
A: Yes, but specifics aren’t disclosed beforehand. Follow official announcements.
Disclaimer:
Crypto trading involves risks. Kraken doesn’t guarantee profits. Consult a financial advisor for tax/legal guidance. Geographic restrictions may apply.