Kraken Lists USDGO Stablecoin for Trading

Kraken has announced that USDGO is now available for trading on its platform. The stablecoin, pegged 1:1 to the US dollar, was launched by Anchorage Digital Bank N.A., a federally chartered crypto bank regulated by the Office of the Comptroller of the Currency. According to Kraken, USDGO uses a mint-and-burn model, where tokens are created when approved institutional clients deposit US dollars and burned upon redemption.

The token first launched on Solana in February 2026 and is designed for enterprise settlement and treasury management. However, trading via Kraken App and Instant Buy will only be available once liquidity conditions are met.