We’re thrilled to introduce USDG Rewards, Kraken’s newest rewards program that empowers you to maximize the value of your assets effortlessly. Designed with simplicity and accessibility in mind, USDG Rewards helps you earn up to 4%+ APR – automatically – on your USDG (a stablecoin pegged 1:1 to the U.S. dollar) holdings.1
With no activation required, weekly payouts and complete flexibility, USDG Rewards redefines what it means to earn with stablecoins, providing a smarter and more rewarding way to grow your portfolio – whether you’re an experienced trader or just starting your crypto journey.
What is USDG?
At the 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 players like Kraken, Robinhood and Anchorage. Learn more about Kraken’s Partnership in the Global Dollar Network here.
USDG is revolutionizing the way traders, investors and savers interact with stablecoins, combining the reliability of U.S. dollar-backed reserves with the efficiency and transparency of blockchain technology.
What is USDG Rewards?
USDG Rewards is a program that allows you to earn rewards on the USDG you hold in your Kraken account. Simply buy, convert or transfer USDG into your Kraken account and you start earning rewards automatically.
How USDG Rewards benefits you
- Start earning immediately: Reward accrual begins as soon as USDG is in your account – no activation needed.
- Fee-free conversion: 1:1 conversion USD to USDG fee-free, ensuring every dollar works harder for you.
- Weekly payouts: See your balance grow consistently with rewards distributed directly to your account every week.
- Total flexibility: Trade or withdraw your USDG anytime, while always earning rewards while it remains in your account.
What are the ways I can earn with USDG Rewards?
- Automatically earn 2% APR – with no fees – on all USDG held in your Kraken account.
- Double those rewards to up to 4%+ APR with a $4.99/month subscription to Kraken+, which also gives you up to $10k in Instant transaction fee-free trading/month.2
At up to 4%+ APR, just $1,500 held in your Kraken account for one year would return $60 – fully paying for your entire year’s Kraken+ subscription – including the up-to-$10k in free Instant transaction trading every month.
How to get started with USDG Rewards
- Be verified at Intermediate or Pro level
- Reside in a participating country (see program eligibility details here)
- Hold USDG in your account — it’s that simple!
To make earning even easier, we’re scrapping trading fees on USD-to-USDG conversions on our platform, so users can seamlessly move from fiat to stablecoins and start earning rewards immediately. That’s all you have to do to earn 2% APR on your USDG.
Stay tuned for more updates as we continue to innovate and improve your financial journey.
1 Geographic restrictions apply. Rewards rates are determined and paid out by Kraken in its sole discretion and are subject to change. See our Terms of Service for more info. Due to its partnership with Global Dollar Network, Kraken receives an economic benefit with respect to amounts of USDG minted, held on platform, and received in on-chain transfers.
2 Kraken+ is an automatically renewing subscription requiring recurring payments. Cancel anytime. Price is inclusive of applicable taxes (i.e., VAT) where required. In other regions, the price shown does not include taxes, which will be added at the time of purchase where applicable. Subscription benefits are subject to change and may not be available in all regions. Zero-fee trading is subject to monthly trading-volume limits, which can be viewed in your account settings. Spread and payment processing fees still apply. Excludes Kraken Pro. See our Terms of Service for more info. 4.99/mo USD or local currency equivalent, based on location and app store.
