We’re thrilled to introduce USDG Rewards, Kraken’s latest rewards program that empowers you to maximise the worth of your property effortlessly. Designed with simplicity and accessibility in thoughts, USDG Rewards helps you earn as much as 4%+ APR – mechanically – in your USDG (a stablecoin pegged 1:1 to the U.S. greenback) holdings.1
With no activation required, weekly payouts and full flexibility, USDG Rewards redefines what it means to earn with stablecoins, offering a wiser and extra rewarding approach to develop your portfolio – whether or not you’re an skilled dealer or simply beginning your crypto journey.
What’s USDG?
On the coronary heart of our revamped rewards program is USDG, an ERC-20 and Solana (SPL) token developed and issued by Paxos, in partnership with industry-leading gamers like Kraken, Robinhood and Anchorage. Be taught extra about Kraken’s Partnership within the International Greenback Community right here.
USDG is revolutionizing the best way merchants, buyers and savers work together with stablecoins, combining the reliability of U.S. dollar-backed reserves with the effectivity and transparency of blockchain know-how.
What’s USDG Rewards?
USDG Rewards is a program that lets you earn rewards on the USDG you maintain in your Kraken account. Merely purchase, convert or switch USDG into your Kraken account and also you begin incomes rewards mechanically.
How USDG Rewards advantages you
- Begin incomes instantly: Reward accrual begins as quickly as USDG is in your account – no activation wanted.
- Charge-free conversion: 1:1 conversion USD to USDG fee-free, making certain each greenback works more durable for you.
- Weekly payouts: See your steadiness develop persistently with rewards distributed on to your account each week.
- Whole flexibility: Commerce or withdraw your USDG anytime, whereas at all times incomes rewards whereas it stays in your account.
What are the methods I can earn with USDG Rewards?
- Mechanically earn 2% APR – with no charges – on all USDG held in your Kraken account.
- Double these rewards to as much as 4%+ APR with a $4.99/month subscription to Kraken+, which additionally offers you as much as $10k in On the spot transaction fee-free buying and selling/month.2
At as much as 4%+ APR, simply $1,500 held in your Kraken account for one 12 months would return $60 – absolutely paying on your complete 12 months’s Kraken+ subscription – together with the up-to-$10k in free On the spot transaction buying and selling each month.
How you can get began with USDG Rewards
- Be verified at Intermediate or Professional degree
- Reside in a collaborating nation (see program eligibility particulars right here)
- Maintain USDG in your account — it’s that straightforward!
To make incomes even simpler, we’re scrapping buying and selling charges on USD-to-USDG conversions on our platform, so customers can seamlessly transfer from fiat to stablecoins and begin incomes rewards instantly. That’s all you must do to earn 2% APR in your USDG.
Keep tuned for extra updates as we proceed to innovate and enhance your monetary journey.
1 Geographic restrictions apply. Rewards charges are decided and paid out by Kraken in its sole discretion and are topic to vary. See our Phrases of Service for more information. On account of its partnership with International Greenback Community, Kraken receives an financial profit with respect to quantities of USDG minted, held on platform, and acquired in on-chain transfers.
2 Kraken+ is an mechanically renewing subscription requiring recurring funds. Cancel anytime. Worth is inclusive of relevant taxes (i.e., VAT) the place required. In different areas, the worth proven doesn’t embody taxes, which will likely be added on the time of buy the place relevant. Subscription advantages are topic to vary and will not be accessible in all areas. Zero-fee buying and selling is topic to month-to-month trading-volume limits, which will be seen in your account settings. Unfold and fee processing charges nonetheless apply. Excludes Kraken Professional. See our Phrases of Service for more information. 4.99/mo USD or native foreign money equal, primarily based on location and app retailer.