We’re thrilled to announce that Kraken now helps deposits and withdrawals of USDC on Ink!
Funding
USDC funding through Ink is already dwell. You may switch USDC to your Kraken account by navigating to Funding, deciding on USDC and selecting the specified deposit methodology (community) from the drop-down field: Ink.
Ensure that to deposit your tokens into networks supported by Kraken. Deposits made utilizing different networks will likely be misplaced.
Right here’s some extra details about USDC and Ink:
USDC (USDC)
USDC is designed to trace the worth of the U.S. greenback whereas enabling quicker and less expensive transactions than conventional banks. It operates throughout a number of networks, together with Ethereum, Solana, Sui, Avalanche, Ink and others. Based on Circle, every USDC is backed by an equal worth of U.S. dollar-denominated belongings.
Ink
Ink is an Ethereum layer 2 blockchain, constructed on the OP Stack, designed to be the home of DeFi for the Superchain. Ink will empower onchain builders to deploy new and progressive DeFi protocols for the following billion customers onchain, securing the protocol through staking and voting on selections that have an effect on the way forward for the platform.
Please word:
- Buying and selling through Kraken App and Instantaneous Purchase will likely be out there as soon as the liquidity situations are met (when a ample variety of patrons and sellers have entered the marketplace for their orders to be effectively matched).
- Geographic restrictions could apply
Will Kraken make extra belongings out there?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s out there tokens may be discovered right here, and all future tokens will likely be introduced on our Listings Roadmap and social media profiles. Our consumer engagement specialists can not reply any questions on which belongings we could also be making out there sooner or later.
Though the time period “stablecoin” is often used, there isn’t a assure that the asset will keep a steady worth in relation to the worth of the reference asset when traded on secondary markets or that the reserve of belongings, if there may be one, will likely be satisfactory to fulfill all redemptions.
