Kraken adds USDG as margin collateral

Kraken has added Global Dollar (USDG) as an approved collateral currency for margin and futures trading on Kraken Pro.

The company said in a statement that the addition of USDG brings its margin collateral choices to over 50 options, and that USDG carries a 1% haircut.

The brief release noted that collateral currency on the platform can be fiat, crypto or stablecoin - the collateral does not need to match the trading pair you trade.

The company added that availability of margin trading services is subject to certain limitations and eligibility criteria and advised users to read Kraken’s Margin Disclosure Statement for more information.

Also today, Kraken announced it now supports deposits and withdrawals of Tether stablecoin (USDT0) on Plasma.

It added that Plasma is a blockchain built for high-volume, low-cost stablecoin activity and is intended to act as a core settlement layer for instant digital-dollar movement and real-world payments.

The Recap

• Kraken added Global Dollar (USDG) as collateral for margin trading.
• USDG carries a 1% haircut in Kraken’s collateral list.
• Margin availability is subject to limits and eligibility criteria.