Company Kraken Adds USD Coin (USDC) Deposits and Withdrawals on Ink

Company Kraken has announced support for deposits and withdrawals of USD Coin (USDC) on the Ink network. This update enables users to transfer USDC to their Company Kraken accounts via the Funding page by selecting USDC and choosing the Ink network from the deposit method drop-down. Company Kraken emphasizes that deposits must be made on networks it supports; deposits sent via unsupported networks will be irretrievably lost.

For context, USD Coin (USDC) is a prominent stablecoin designed to track the U.S. dollar, offering faster and often cheaper transfers than traditional banking rails. As outlined by Company Circle, each USDC is backed by an equivalent value of U.S. dollar-denominated assets held in reserves. Company Circle's backing claims are central to market confidence and liquidity for USDC, which operates across multiple networks including Ethereum, Solana, Sui, Avalanche and now Ink.

Ink is an Ethereum Layer 2 built on the OP Stack that positions itself as a hub for decentralized finance innovation, aiming to host new DeFi protocols and attract a broader user base. By supporting USDC on Ink, Company Kraken potentially widens the onramps for users and liquidity providers on the Ink Superchain, while offering traders and savers another route to access dollar-pegged liquidity.

Operationally, Company Kraken notes that trading via the Kraken App and Instant Buy will only be enabled once liquidity conditions are met — meaning a sufficient number of buyers and sellers must be present for efficient order matching. Geographic restrictions may apply, and users should consult Company Kraken's platform pages for eligibility and network-specific deposit instructions. All currently listed tokens and future additions are tracked on Company Kraken's token list and Listings Roadmap.

What this means for users and the market: Adding USDC on Ink can reduce transaction costs and confirmation times for users who already interact with the Ink ecosystem. Market makers and liquidity providers may find new arbitrage or market-making opportunities between networks if sufficient liquidity arrives. However, users must be careful to select the correct deposit network to avoid permanent loss of assets.

Risk and compliance reminder: While stablecoins like USDC are widely used as dollar-pegged instruments, the term "stablecoin" does not guarantee price stability or redemption adequacy on secondary markets. Company Circle's reserve disclosures aim to provide transparency, but market participants should remain aware of counterparty, reserve, and network risks when moving funds across chains.

Final notes: Company Kraken indicates it will continue to expand asset coverage over time, but will not disclose potential listings until shortly before launch. Users seeking to deposit USDC on Ink should follow Company Kraken's official funding instructions, confirm network compatibility, and monitor liquidity conditions for trading and instant buy functionality.