Paxos Launches USDG Stablecoin with Major Exchange Support

USDT0 has officially launched on the Flare Network, offering users new trading and DeFi opportunities. Key features include: - Direct transfers via Stargate at 1:1 rate with zero slippage - Active incentives for liquidity providers - Integration with SparkDexAI and Kinetic Markets - New farming pools on Enosys Global Existing USDT holders on Flare can migrate to USD0 through a simple process. Trading is now live at [p.k.xyz](https://p.k.xyz/9f1e/t5p3ucxb). *Note: Geographic restrictions apply*

Kraken continues its expansion with multiple new token listings in April-May 2025: - **Latest Addition**: Sonic Labs ($S) token now available for trading - **Recent Listings**: - Mubarak ($MUBARAK) - PancakeSwap ($CAKE) - BananaS31 ($BANANAS31) - Snek ($SNEK) - Arweave ($AR) - Several others including Dolomite, Initia, and Plume All listings include enabled deposits and withdrawals. Geographic restrictions apply for all tokens. [Trade on Kraken](https://p.k.xyz/9f1e/43w9634v)

Kraken reports strong Q1 2025 performance with $472M gross revenue and $187M adjusted EBITDA (+19% YoY). Trading volume increased 29% YoY while funded accounts grew 26%. The company completed its acquisition of NinjaTrader, marking the largest TradFi-crypto merger to date. This strategic move enhances Kraken's derivatives capabilities across traditional and crypto markets. Kraken also launched Kraken Embed, enabling banks and fintech firms to offer crypto trading services, with @bunq as the inaugural partner. Latest Proof of Reserves completed as of March 31, 2025, confirming full backing of customer assets. [View detailed financials](https://k.xyz/Q12025Financials) [Verify Proof of Reserves](https://www.kraken.com/proof-of-reserves)

A North Korean operative recently attempted to secure employment at cryptocurrency exchange Kraken, raising security concerns in the crypto industry. - Kraken's Chief Security Officer discussed the incident with CBS News - The infiltration attempt was unsuccessful due to Kraken's verification processes - This event highlights the importance of robust security measures in crypto companies Learn more about this security incident in Kraken's detailed blog post: [Read full story](https://k.xyz/3YtCyiR)

Kraken's Chief Security Officer revealed in a CBS News interview how the cryptocurrency exchange identified and thwarted an infiltration attempt by a North Korean operative posing as a job applicant. The incident highlights the sophisticated nature of state-sponsored attempts to penetrate crypto organizations. Kraken's security protocols successfully detected the deception during the hiring process. - Incident details available on [Kraken's blog](https://k.xyz/3YtCyiR) - Interview featured on CBS News - Demonstrates importance of rigorous hiring security measures *Key takeaway*: Cryptocurrency exchanges remain high-value targets for state actors, emphasizing the critical need for robust security protocols.