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Kraken's USDC and EURC stablecoin activity surges with $350M in DeFi deposits by Sept 2026

29 Oct 2026, 09:59 WIB
Tokenpost
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Bullish
Kraken's USDC and EURC stablecoin activity surges with $350M in DeFi deposits by Sept 2026

Kraken saw a significant rise in stablecoin activity from September 2025 to September 2026, with USDC assets under custody (AUC) increasing over 30%, EURC cumulative trading nearing one billion tokens, and $350 million in USDC deposited into DeFi Earn vaults. EURC, a euro-backed stablecoin, grew from 4 million to over 75 million tokens on Kraken, while USDC supports expanded liquidity and lower fees following a partnership with Circle. Kraken's DeFi Earn product, launched in January 2026, channels USDC into onchain lending protocols, offering variable rewards but with risks. This growth highlights stablecoins' growing role in crypto liquidity and decentralized finance.

The story on USD Coin (USDC) AUC growth on Kraken is presented with Pluang's market data for context. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 29, 2026 14:02 WIB: out of 50 priced major cryptocurrencies, 7 rose and 42 fell today. Notable movers include AXS at Rp16.838 with a 1-day change of -4.71% and Pluang order activity of 99% Sell / 1% Buy, KSM at Rp66.540 with a 1-day change of -4.64% and Pluang order activity of 87% Sell / 13% Buy, and GRT at Rp393 with a 1-day change of -4.55% and Pluang order activity of 40% Sell / 60% Buy.

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