Kraken Brings Multi-Asset Debit Card to US Market

# Kraken Brings Multi-Asset Debit Card to US Market

> Evidence tier: B1
> Evidence type: Independent PYMNTS report based on Kraken's product release
> Source: [PYMNTS](https://www.pymnts.com/cryptocurrency/2026/kraken-brings-multi-asset-debit-card-to-us-market)
> Published: 2026-08-18
> Captured: 2026-08-19T04:38:30.059Z

## Source summary

PYMNTS reports that Kraken launched its Krak Card for U.S. customers after earlier rollouts in the United Kingdom and European Economic Area. Cardholders can prioritize among more than 600 currencies and digital assets; Krak converts the selected asset into U.S. dollars at checkout for Visa settlement, and offers tiered cashback of up to 2% in dollars or bitcoin. Kraken says more than 135,000 cards have been issued in the U.K. and EEA since December.

## Why it matters

The product connects multi-asset balances to worldwide Visa acceptance and shows Kraken extending the same card model across three regulated markets. The U.S. launch is not itself a new cross-border settlement rail: purchases settle in dollars, and the report does not disclose eligible states, conversion spreads, card fees, merchant geography, active-card usage, transaction volume or whether users achieve lower cross-border costs.

## Key numbers

- **Currencies and assets available for spending priority:** 600+
- **Maximum cashback:** 2%
- **Cards Kraken says were issued in the U.K. and EEA since December:** 135,000+

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: Kraken / Visa
- Web3 payments
- Cross-border payments

## Evidence and credibility note

Independent PYMNTS report based on Kraken's release. Issuance, asset coverage and cashback terms are company-reported; pricing, eligibility, active use, volume and cross-border cost outcomes are not independently verified.

Date evidence: Automatically verified from article:published_time: 2026-08-18T20:51:22+00:00

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original PYMNTS report](https://www.pymnts.com/cryptocurrency/2026/kraken-brings-multi-asset-debit-card-to-us-market)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.