DAI, USDC and USDT deposits and withdrawals available on the Polygon Network! – Kraken Blog
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We’re thrilled to announce that Kraken now supports deposits and withdrawals of Dai (DAI), USD Coin (USDC) and Tether (USDT) on the Polygon Network! Polygon is a Layer 2 scaling solution for Ethereum that aims to improve the speed and reduce the costs and complexities of transactions on its network. Polygon is a sidechain which helps to increase transaction throughput while still maintaining security through the use of a decentralized network of proof-of-stake (PoS) validators. Check out the Kraken Learn Center guide What is Polygon? to learn more. Funding Funding is already live. You can transfer stablecoins (DAI, USDC and
The on-chain analytics firm Santiment has explained how Tether (USD) and USD Coin (USDC) exchange inflows preceded the recent Bitcoin rally. Bitcoin Rally May Restart If Stablecoins See Further Exchange Deposits In a new post on X, Santiment discussed the trend in the supply of exchanges of various assets in…
In the realm of digital finance, the importance of seamless transactions and capital efficiency cannot be overstated. Users of the Polygon Proof of Stake (PoS) network are experiencing a noteworthy enhancement in their transactional dealings as the platform commences the initial stage of integrating native US Dollar Coin (USDC) into…