Kraken has activated $30.5 million in Firelight cover for its USDC Vault to protect against specified protocol failures. The coverage is now live and provides an additional layer of security for users holding USDC within the vault product. Payouts under this policy are capped at $100,000 per address per coverage period and remain subject to available capital. Kraken explicitly states that these payouts are not guaranteed by the exchange and depend entirely on the terms of the Firelight coverage agreement.