We are excited to announce that Kraken now supports deposits and withdrawals of Tether (USDT) on optimism!
USDT funding through Optimism is already live. You can transfer Tether (USDT) to your Kraken account by going to Fundingby selecting USDT and choosing the desired deposit method (network) from the drop-down list: Optimism.
Do you have USDT on optimism? ⤵️
Here’s what you need to know about the asset
Tether (USDT) was created in 2014 as the first stable coin – a digital asset that aims to maintain a constant value. Tether is designed to be used as a means of converting cash into digital currency and claims that all Tethers in circulation reflect the amount of their reserves in US dollars. By maintaining reserves of cash and cash equivalents to secure the value of the stablecoin, Tether aims to maintain a value close to $1 at all times. Learn how to add USDT to your cryptocurrency portfolio with our Learning Center article. How to buy Tether (USDT).
Optimism (OP) is a layer 2 scaling solution implemented on the Ethereum network. It uses a technology known as optimistic rollups to group multiple transactions together, thereby alleviating congestion and reducing transaction fees on the Ethereum mainnet. OP is the native of Optimism governance tokenwhich allows OP token holders to participate in decisions regarding the future direction, upgrades, and settings of the protocol.
Ready to deposit but don’t have a Kraken account yet? register today!
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There is no guarantee that a limit order will be executed. There is also no guarantee that a market order will be executed at a certain price. The availability and liquidity of the particular digital asset will impact these order types.
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