XDC Network Achieves Milestone with Kraken's Low-Cost USDC Listing
XDC Network expands exchange reach with Kraken USDC listing at record low fee
Gulf News
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Kraken has integrated USDC on the XDC Network, introducing a record low withdrawal fee of $0.25. This move positions XDC as a competitive settlement layer for stablecoin transactions, reflecting a growing trend among exchanges to offer cost-effective solutions for traders and cross-border users.
- 01Kraken's integration of USDC on XDC Network features a withdrawal fee of just $0.25.
- 02USDC holders on the XDC Network have doubled this year, indicating strong user preference.
- 03Over $12 billion in transfers have been facilitated by USDC on XDC, with nearly $500 million in the last month.
- 04XDC is emerging as a viable alternative to traditional blockchains due to its speed and low costs.
- 05The integration reflects the increasing importance of stablecoins in global value transfer.
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Kraken, a leading cryptocurrency exchange, has integrated USDC (USD Coin) on the XDC Network, offering a withdrawal fee of $0.25, the lowest on the platform. This integration marks a significant milestone for XDC, which has seen its USDC holders double year-to-date and has facilitated over $12 billion in transfers since its inception. The recent surge in USDC activity on the XDC Network, with nearly $500 million moved in the last month, underscores a growing preference for XDC as a settlement layer for stablecoin transactions. As high gas fees and network congestion plague traditional blockchains, XDC's low-cost and efficient transaction capabilities are attracting users from across the globe. Jeremy Noori, Head of Structured Products at XDC Network, emphasized that this listing validates the trend of capital migrating to XDC, with Kraken's integration being just one of several upcoming announcements. As stablecoins become integral to global value transfer, XDC’s position in the market is set to strengthen, providing a competitive edge for users seeking cost-effective solutions.
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The integration allows users to conduct stablecoin transactions more efficiently and cost-effectively, benefiting traders and institutions alike.
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