Kraken Adds Native USDG Transfers on Arbitrum One

TL;DR Kraken added Arbitrum One deposits and withdrawals for USDG on October 29. The exchange says the token is issued natively on Arbitrum by Paxos. The change expands transfer routes for an asset already available to trade. Kraken has added an Arbitrum One funding route for Global Dollar , giving eligible customers another way to move USDG between the exchange and a blockchain wallet. The October 29 update concerns deposits and withdrawals; USDG trading was already available. According to Kraken’s announcement , Paxos issues this version of USDG natively on Arbitrum. Transfers on that supported route therefore avoid the need to bridge an Ethereum token before using it on the network.

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