<ul data-eligibleForWebStory="true">Kraken has launched a new global finance app called Krak for instant cross-border money transfers using over 300 assets.Users can send money without bank account details, using crypto, stablecoins, and fiat currencies in over 110 countries.Krak also provides users with yield opportunities, allowing them to earn up to 4.1% on USDG and up to 10% on 20 other digital assets.The launch of Krak reflects Kraken's expansion beyond trading to compete with traditional financial institutions amid evolving regulatory conditions.