US Update: USDG deposits and withdrawals now available on Arbitrum One!

Funding We’re pleased to announce that Kraken now supports deposits and withdrawals of Global Dollar (USDG) on the Arbitrum One network.

USDG funding via Arbitrum One is now live.

Make sure to deposit your tokens into networks supported by Kraken.

Deposits made using other networks will be lost.

Deposit USDG via Arbitrum One on Kraken About USDG Global Dollar (USDG) is a US dollar-denominated stablecoin issued by Paxos and redeemable one-to-one for US dollars.

Reserve assets are held in cash and cash equivalents in segregated accounts.

On Arbitrum One, USDG is issued natively by Paxos as an ERC-20 token rather than bridged from Ethereum.

Deposits and withdrawals between Kraken and Arbitrum One therefore settle directly, without a third-party bridge or the canonical bridge’s withdrawal period.

USDG is the core asset of the Global Dollar Network, a consortium of exchanges, wallets and fintech platforms working to expand access to a regulated digital dollar.

Kraken is a member of the network.

About Arbitrum Arbitrum is the finance-native blockchain platform providing infrastructure for applications, tokenization, and dedicated blockchain environments.

Arbitrum hosts one of the largest financial ecosystems on Ethereum, with deep liquidity and predictable execution at scale.

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