Kraken Adds Native USDC Support to Injective Blockchain

Kraken has expanded its services to support native USDC transfers on Injective (INJ), a Layer-1 blockchain designed for decentralized finance. This integration enables users to move Circle's natively issued USDC between Kraken and Injective without requiring cross-chain transfers, reducing friction for on-chain financial activities.

The addition of native USDC support is a significant step in simplifying stablecoin transfers and expanding Injective's ecosystem. USDC acts as a stable, dollar-denominated asset that powers on-chain trading, payments, and capital allocation on Injective.

Kraken users can now select USDC, choose Injective as the network, and directly deposit or withdraw with minimal friction. This ease of access could further boost adoption of on-chain financial services leveraged by Injective's infrastructure.