Kraken Brings USDGO Stablecoin to Live Trading
Kraken has announced that USDGO, an enterprise-grade US dollar-backed stablecoin, is now available for trading on its platform.
The token, pegged 1:1 to the US dollar, was first launched on Solana on February 10, 2026, and is designed for institutional settlement, corporate payments, and cross-border transactions.
USDGO uses a mint-and-burn model, where tokens are created when approved institutional clients deposit US dollars and burned upon redemption. The token is backed by high-quality liquid assets, including cash and short-term US Treasuries, and reserve holdings are disclosed monthly through third-party attestations provided by a Big Four accounting firm.
The trading of USDGO on Kraken is live as of August 19, 2026, but please note that trading via the Kraken App and Instant Buy will be available once liquidity conditions are met. Geographic restrictions may apply.