USD₮0, Flare’s Omnichain Stablecoin, Debuts on Kraken to Boost XRPfi Growth

Flare Network announced the official market release of USD₮0—its omnichain stablecoin pegged 1:1 to USDT—at Kraken which stands as one of the top crypto exchanges worldwide. By making USD₮0 available to Kraken users the Flare ecosystem receives its main gateway leading to improved XRPfi capabilities in decentralized finance.

Direct transfers of stablecoins to Kraken now enable users to easily reach Flare services because they no longer have to rely on manual conversions or bridges or external platforms. The direct stablecoin integration has created a new paradigm in secure financial access that enables smooth flow of liquidity through all Flare DeFi applications.

The implementation of LayerZero’s Omnichain Fungible Token (OFT) standard makes USD₮0 able to transfer USDT smoothly across different blockchain networks. The system’s architecture removes restrictions caused by wrapped tokens together with third-party bridges and independent liquidity positions which decreases user challenges and defends system security against outside threats.

“Kraken’s integration is a significant step forward for Flare’s DeFi ecosystem,” said Hugo Philion, Co-Founder and CEO of Flare. “It uniquely allows Kraken users holding USDT to seamlessly onboard directly onto Flare as USD₮0 without any additional conversions or marketplaces. This streamlined off-ramp simplifies the user experience, instantly providing access to secure, frictionless liquidity and significantly accelerating adoption and scalability for XRPfi.”

USD₮0: Transforming Multi-Chain Liquidity

The launch of USD₮0 during January 2025 served as a starting point for its rapid network growth which included Arbitrum, Optimism, Unichain along with new support for Flare. security experts at Chaos Labs declared it as “a breakthrough in stablecoin architecture” due to its safe and low-risk functionality for cross-chain transactions.

The partnership between Kraken and USD₮0 forms a similar alliance as Coinbase does with USDC to make USD₮0 an attractive alternative to Tether while drawing from Kraken’s enhanced liquidity and broader market distribution capabilities.

The XRPfi platform together with the Flare Ecosystem receives improvements through this development

USD₮0 added to Kraken creates a solid foundation for Flare’s XRPfi ecosystem because it provides the necessary trustful stable base currency that DeFi borrowers, stakers, traders need.

Key adoption milestones include:

• Over $69 million USD₮0 minted since launch
• Stablecoin market cap growth of 1,600%
• A substantial amount of $130 million value presently exists within the Flare network.

Users on Kraken platform now have simple access to the Flare ecosystem through its platform features:

1. Buy USDT directly on Kraken
2. Transfer your USDT from Kraken into a wallet that supports USD₮0 before bridging it to native USD₮0.
3. With the Flare Portal any user can swap bridged USDT for USD₮0 using zero gas fees while also conducting transactions.
4. Users should enter high-yield USD₮0 liquidity pools on SparkDEX and Enosys and Kinetic exchange options.

A collaborative Reef Airdrop campaign from Kraken is under development for the sake of an upcoming announcement of details.

Support for USDT/USD_cert transactions on Kraken might be restricted by EEA regulatory requirements. The decentralized exchange features offered by Flare are nonetheless available to its users regardless of their geographic location.

About Flare

Flare operates as a modern blockchain dedicated to decentralized data with complete EVM compatibility, potent smart contracts, native oracle technology and cohesive chain communication abilities. Companies can use its security-oriented design with real data connectivity to build DeFi services and Artificial Intelligence and institutional financial solutions at scalable operational levels. Discover more at Flare.network.