Overview

• Kraken and Circle announced their partnership on Sept. 17, confirming the plan via Kraken’s X post and a company blog, with details mirrored in Circle’s announcement.
• Kraken clients will see increased USDC liquidity, lower conversion costs, and new ways to deploy the stablecoin across Kraken’s applications.
• The exchange plans to add EURC, Circle’s fully reserved euro stablecoin, expanding options for euro-denominated activity on the platform.
• Circle’s chief commercial officer, Kash Razzaghi, said the collaboration advances the company’s effort to build the world’s largest stablecoin network for on-chain finance.
• USDC is the second-largest dollar stablecoin with a market cap around $73–74 billion, while EURC is much smaller at roughly $239 million but growing.