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’ll be able to switch USDC to your Kraken account by navigating to Funding, choosing USDC and selecting the specified deposit technique (community) from the drop-down field: Ink.
Be sure 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 sooner and more cost effective 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 property.
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 revolutionary 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 be aware:
- Buying and selling through Kraken App and On the spot Purchase will likely be accessible as soon as the liquidity situations are met (when a enough variety of consumers and sellers have entered the marketplace for their orders to be effectively matched).
- Geographic restrictions might apply
Will Kraken make extra property accessible?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s accessible tokens will be discovered right here, and all future tokens will likely be introduced on our Listings Roadmap and social media profiles. Our shopper engagement specialists can’t reply any questions on which property we could also be making accessible sooner or later.
Though the time period “stablecoin” is often used, there is no such thing as a assure that the asset will preserve a steady worth in relation to the worth of the reference asset when traded on secondary markets or that the reserve of property, if there may be one, will likely be sufficient to fulfill all redemptions.
