[Kraken Launches Multi-Asset Debit Card in the U.S., Supporting Crypto Spending] According to Deep Tide TechFlow on August 19, citing a report from Cointelegraph, Kraken's payment application Krak has launched a multi-asset debit card in the United States. The card allows users to spend cryptocurrencies and fiat currencies, while earning up to 2% cashback in USD or Bitcoin. The card supports over 600 currencies and assets, automatically converting them to USD during transactions. It is issued by Lead Bank and operates on the Visa network. Krak stated that the cashback rate depends on the average asset holdings of users across the Krak, Kraken, and Kraken Pro platforms. Since its launch in December 2025 in the UK and the European Economic Area, the application has issued over 135,000 multi-asset cards. Arjun Sethi, Co-CEO of Kraken's parent company Payward, mentioned that the company is expanding into more asset categories and financial service sectors.