Crypto exchange Kraken has joined forces with Circle, the issuer of USDC and EURC, to expand stablecoin access across its platform. The partnership is designed to improve liquidity, cut conversion costs, and introduce Circle’s euro-backed stablecoin EURC to Kraken users worldwide.
According to Kraken, the integration will enhance its stablecoin framework, making it easier for customers to trade, pay, and build applications on crypto infrastructure. Circle echoed the sentiment in a post on X, noting that the collaboration reflects a shared commitment to responsible and scalable growth of stablecoins.
The move builds on Kraken’s long-standing involvement in the stablecoin space, which dates back to 2017. Over time, demand for stablecoins has grown steadily, fueled by clearer regulations and broader adoption for payments and trading. This trend has helped Kraken secure a stronger foothold in digital finance.
Mark Greenberg, Kraken’s Global Head of Consumer Business, described stablecoins as the financial layer most aligned with crypto’s foundational principles: open, programmable, and global. He emphasised that adding Circle’s tokens is meant to create genuine opportunities for users rather than ticking regulatory boxes.
Kash Razzaghi, Circle’s Chief Commercial Officer, highlighted the company’s larger mission of building the world’s leading stablecoin network. He said partnering with a major platform like Kraken accelerates that vision by expanding use cases in on-chain finance.
The announcement follows Circle’s recent updates to its broader ecosystem, including bringing USDC to Hyperliquid via HyperEVM and launching the second version of its Cross-Chain Transfer Protocol (CCTP) to simplify stablecoin movement between applications. With direct deposit and deeper CCTP integration on the horizon, Circle continues to push its roadmap while Kraken strengthens its stablecoin offerings.
