USDC deposits and withdrawals now available on Ink!

We’re thrilled to announce that Kraken now supports deposits and withdrawals of USDC on Ink! Funding USDC funding via Ink is already live. You can transfer USDC to your Kraken account by navigating to Funding, selecting USDC and choosing the desired deposit method (network) from the drop-down box: Ink . Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Deposit on Kraken Here’s some more information about USDC and Ink : USDC (USDC) USDC is designed to track the value of the U.S. dollar while enabling faster and more cost-effective transactions than traditional banks. It operates across multiple networks, including Ethereum, Solana, Sui, Avalanche, Ink and others. According to Circle, each USDC is backed by an equivalent value of U.S. dollar-denominated assets. Ink Ink is an Ethereum layer 2 blockchain, built on the OP Stack, designed to be the house of DeFi for the Superchain. Ink will empower onchain builders to deploy new and innovative DeFi protocols for the next billion users onchain, securing the protocol via staking and voting on decisions that affect the future of the platform. Please note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions. The post USDC deposits and withdrawals now available on Ink! appeared first on Kraken Blog .