Kraken reports 30% surge in USDC assets under custody

Kraken has seen a more than 30% increase in USDC assets under custody between September 2025 and September 2026. This growth follows a partnership with Circle initiated in September 2025, which expanded the utility of USDC and EURC across Kraken’s account funding, exchange services, wallets, and on-chain products.

In addition to the rise in USDC custody, Kraken’s EURC balances grew from nearly 4 million to over 75 million by September 2026, with total EURC trading approaching 1 billion since its listing. Furthermore, Kraken’s DeFi Earn vaults recorded $350 million in USDC deposits as of September 2026.

The partnership aims to simplify fiat-to-stablecoin onboarding and reduce fragmentation across core platform flows, allowing retail and institutional clients to move collateral and access decentralized finance more directly.