Kraken now supports USDC deposits and withdrawals on Injective, giving users a direct exchange gateway into the network's native USDC rail as the transfer functionality goes live in both dire
Kraken now supports USDC deposits and withdrawals on Injective, giving users a direct exchange gateway into the network's native USDC rail as the transfer functionality goes live in both directions.
The change was announced on July 28, 2026, when Kraken confirmed that USDC deposits and withdrawals via Injective are now live. The wording "now available" marks an active availability update rather than a future plan. For related coverage, see Arbitrum AFX Bridge Hack Report: Alleged $24.15M USDC Loss.
Kraken also cautioned that deposits made using unsupported networks will be lost, and noted that geographic restrictions may apply to the feature. For related coverage, see AFX Trade bridge exploit on Arbitrum drains $24M in USDC.
The update covers both inbound and outbound movement of USDC on Injective. Users can now deposit USDC into Kraken over the Injective network, and withdraw USDC from Kraken back onto Injective. For related coverage, see MiCA Drives 70% of Binance Withdrawals to Private Wallets.
This is not a fresh chain launch. Circle announced on May 7, 2026 that native USDC and CCTP were live on Injective, meaning Kraken's rollout adds direct exchange access to a rail that was already operating.
Injective's documentation lists the native USDC mainnet contract as 0xa00C59fF5a080D2b954d0c75e46E22a0c371235a, with a CCTP domain ID of 29 for Injective mainnet. That distinguishes the native token from bridged alternatives.
Injective native USDC contract 0xa00C59fF5a080D2b954d0c75e46E22a0c371235a Injective's docs list the native USDC mainnet contract as 0xa00C59fF5a080D2b954d0c75e46E22a0c371235a, reinforcing that Kraken is connecting to an already-live native USDC rail. Source: Injective Docs.A two-way transfer update carries more practical weight than a one-sided access change. With both funding and withdrawal capability live, users can route account funding and cash-out flows through Injective directly rather than a bridged path.
Because the asset is a stablecoin, the update ties directly into trading and account funding workflows. Stablecoin utility on an exchange is largely about moving value in and out efficiently, and USDC now has that on Injective at Kraken.
The move follows a broader pattern of exchanges widening native stablecoin rails, similar to how Gemini enabled direct USDT0 deposits and withdrawals. Interest in USDC-specific access is also visible in consumer products, such as Samsung Wallet's move to add stablecoin support including USDC.
USDC remains one of the most recognized stablecoin brands in crypto, which gives a platform-specific access development like this clear news value. USDC traded at $0.9998 at fetch time, down about 0.004% over 24 hours, holding its dollar peg.
The asset carried a market cap of roughly $72.44 billion and 24-hour volume near $12.35 billion, underscoring the scale of the stablecoin Kraken just enabled on Injective.
USDC market cap $72.44B USDC's market cap was about $72.44 billion at fetch time, giving scale context for the asset Kraken just enabled on Injective. Source: CoinGecko.Broader sentiment was cautious as the news landed, with the Fear & Greed Index reading 29, in Fear territory. USDC is issued by regulated affiliates, fully reserved, and redeemable 1:1 for US dollars, per Circle.
Independent reporting from Blockchain.News on July 28, 2026 also confirmed that Kraken introduced native USDC deposits and withdrawals for the Injective blockchain, corroborating the operational rollout.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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