Kraken enables USDG deposits and withdrawals on Arbitrum One

October 29, 2026

Kraken has fully rolled out USDG on Arbitrum One: funding and trading are live, and deposits and withdrawals are now available on the Ethereum layer-2 network. USDG is the dollar-denominated stablecoin issued natively by Paxos, and native issuance on Arbitrum means no bridge is required to move the token.

The rollout followed a 'coming soon' tease from Kraken's listings account and was amplified on KrakenFX
Arbitrum is described by Kraken as a fast, low-cost Ethereum L2
Announced in late October 2026 via the Kraken Blog

Sources

USDG deposits and withdrawals now available on Arbitrum One!blog.kraken.com ↗
RT @krakenlistings: Now on Kraken: USDG on Arbitrum One USDG on @arbitrum is a dollar-denominated stablecoin issued natively by @Paxos, fu…x.com ↗

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Kraken enables USDG deposits and withdrawals on Arbitrum One — Outposts