USDG deposits and withdrawals now available on Arbitrum One!

We’re pleased to announce that Kraken now supports deposits and withdrawals of Global Dollar (USDG) on the Arbitrum One network. USDG funding via Arbitrum One is now live. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Global Dollar (USDG) is a US dollar-denominated stablecoin issued by Paxos and redeemable one-to-one for US dollars. Reserve assets are held in cash and cash equivalents in segregated accounts. On Arbitrum One, USDG is issued natively by Paxos as an ERC-20 token rather than bridged from Ethereum.