Stablecoins: Tether (USDT), USD Coin (USDC), Dai (DAI) Margin Trading Pairs Now Supported by Kraken

Digital asset firm Kraken recently revealed that they now support new margin pairs for Tether (USDT), USD Coin (USDC) and Dai (DAI).

Margin trading is now offered via Kraken for several new pairs.

You may view the complete list of supported pairs here.

As covered, Tether (USDT) is “a collateralized stablecoin cryptocurrency that’s pegged to the U.S. dollar and backed by Tether’s assets and reserves.” It was designed “to facilitate the conversion of cash to digital currency.”

USD Coin (USDC) is “a U.S. dollar-backed stablecoin cryptocurrency that’s pegged to the U.S. dollar.”

USDC was designed “to enable faster and more cost effective transactions relative to traditional banks.”

USDC is “an ERC-20 token built on the Ethereum platform and acts as a stable store of value.”

Dai (DAI) is “a collateral-backed stablecoin cryptocurrency that’s backed by collateralized debt in order to maintain a stable 1:1 value with the U.S. dollar.” Dai was “created to provide a non-volatile lending asset for individuals and businesses alike.”

In order to trade using margin, you will need “to hold at least one collateral currency.”

The availability of margin trading services “is subject to certain limitations and eligibility criteria.”

As noted in the update from Kraken, margin trading “incurs additional fees for opening, closing and holding a position.”

You may learn more about the different rates and fees.

As always, Kraken confirmed it will offer more pairs on margin.

However, their policy is “to never reveal any details before launch – not even which pairs we are considering.”

All of Kraken’s listed margin pairs “are available on [their] website.”

The company’s client engagement specialists “cannot answer any questions about which pairs we may be listing in the future.”

As clarified in the update, there is “no guarantee that a limit order will execute.” There is “no guarantee of margin pool availability at all times.”

There is also “no guarantee of a market order executing at a certain price.”

The availability and liquidity of the particular digital asset “will impact these types of orders.”

Offering margin trading on an asset or token is “not a recommendation to buy, sell or participate in the associated network.”

As always, do your own research and “invest at your own risk.”


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