Flare’s USD₮0 now available on Kraken
USD₮0 on Flare — the omnichain stablecoin backed 1:1 by Ethereum-based USDT and recently deployed on Flare — is now live on Kraken, one of the world’s largest and most trusted cryptocurrency exchanges. This marks a major milestone in the rollout of USD₮0 and expands access to a new standard for cross-chain stablecoin transfers. Through a unique integration, Kraken users can now seamlessly onboard directly onto Flare as USD₮0 using their existing USDT balances — no conversions, bridges, or third-party marketplaces required. This frictionless experience sets a new bar for stablecoin usability and unlocks secure, scalable liquidity for the adoption of XRP DeFi on Flare.
What is USD₮0
USD₮0 is the unified liquidity network for USDT, bringing the world’s most widely used stablecoin to top blockchains through a capital-efficient, omnichain standard. Built on LayerZero’s OFT (Omnichain Fungible Token) protocol, it allows USDT to move seamlessly between chains without the need for wrapping or bridges, and without fragmented liquidity.
Unlike synthetic versions, USD₮0 is backed 1:1 by Ethereum-based USDT, ensuring full redeemability and reliability. Supported by Tether’s $148B+ market cap and global payment infrastructure, USD₮0 combines deep liquidity with wide acceptance. This architecture enables fast, secure, and cost-effective cross-chain transfers, making stablecoins more usable across blockchain ecosystems. As an institutional-grade asset, USD₮0 offers both institutions and retail users trusted, frictionless access to stablecoin liquidity across networks.
Launched in January 2025, USD₮0 is rapidly gaining traction with over $3 billion in cross-chain volume. It now lives on major blockchains including Arbitrum, Optimism, Sei, Berachain, MegaETH, and most recently, Flare.
USD₮0 gains traction on Flare
Adoption of USD₮0 within the Flare ecosystem is in full swing. Since its launch, USD₮0 adoption on Flare has grown rapidly:
- Over $69 million USD₮0 minted
- Stablecoin market cap increased by over 1,900%
- Driving growth in Flare’s DeFi ecosystem, with TVL now surpassing $130 million
Flare’s unique combination of enshrined data protocols and secure cross-chain execution unlocks powerful new possibilities for decentralized finance. Integrating USD₮0 on Flare is a natural step as we support the growth of scalable, interoperable infrastructure that brings real-world assets and deep liquidity on-chain.
Get started with USD₮0 on Flare via Kraken
Kraken makes it incredibly easy to access USD₮0 for use on Flare — in just minutes. Follow these simple steps:
- Purchase USDT directly on Kraken.
- Withdraw USDT from Kraken into a Flare wallet as USD₮0 in minutes.
- Engage with active USD₮0 pools on SparkDEX, Kinetic, Enosys for leading stablecoin yields.
- Optional: Use the Flare Portal to send USD₮0 to new wallets on Flare with zero gas fees.
Check out our detailed guide on how to maximize the value of USD₮0 on Flare.
Additionally, we're teaming up with Kraken to bring users an exclusive Reef Airdrop — more details coming soon!
Note: For any EEA users, please note that due to regulatory restrictions in the European Economic Area, Kraken may not support USDT or USD₮0 for some users. If this applies to you, you can still get USD₮0 exposure by using decentralized exchanges directly on Flare such as SparkDEX and Blazeswap.