About
Ink is a DeFi-optimized Ethereum Layer 2 built on the OP Stack and part of the Optimism Superchain, launched by exchange Kraken to bring its users on-chain. It offers fast block times, Superchain interoperability and a curated DeFi experience, with stablecoins such as USDC and USDT used for trading and yield.
Stablecoins
Key products
Chains
- Founded
- 2024
- HQ
- Distributed (Kraken)
- Stage
- Mainnet (Kraken-backed)
- Funding
- Backed by Kraken
Related companies
Binance
World's largest crypto exchange by volume
Binance is the world's largest crypto exchange by trading volume and the dominant venue for USDT and FDUSD stablecoin pairs. It previously issued BUSD (via Paxos, wound down in 2024) and operates BNB Chain, a major stablecoin settlement network. It promotes FDUSD and yield products like its RWA-backed offerings.
BNB Chain
High-volume EVM L1 with large stablecoin liquidity
BNB Chain is a high-throughput, low-fee EVM Layer-1 associated with Binance, hosting large USDT, USDC, and FDUSD liquidity. It is a major retail venue for stablecoin trading, payments, and DeFi activity, particularly in Asia.
Cronos
Crypto.com's EVM and Cosmos chain
Cronos is an EVM-compatible blockchain built on the Cosmos SDK and tied to the Crypto.com exchange ecosystem, serving as a bridge between Crypto.com's user base and on-chain DeFi, payments and gaming. It supports major stablecoins including USDC and USDT and uses CRO as its native asset.
Crypto.com
Exchange, card issuer and Cronos chain operator
Crypto.com is a large consumer crypto exchange and card program operator. Its 2025 roadmap included launching its own stablecoin and filing for a Cronos ETF. It operates the Cronos chain and a widely used crypto Visa card program, making it a major stablecoin spending and trading venue.
Dunamu (Upbit)
Operator of Upbit, Korea's largest crypto exchange
Dunamu Inc. operates Upbit, South Korea's largest cryptocurrency exchange, and is a central player in the country's emerging won-stablecoin race. Dunamu has partnered with Naver Pay to develop a Korean won-pegged stablecoin and has confirmed plans to collaborate with Hana Bank on won-backed stablecoins. The company has drawn strategic investment from Samsung units and Hana Bank, and is being integrated with Naver's fintech arm.
dYdX
Decentralized perpetuals exchange
dYdX is a leading decentralized perpetual futures exchange running on its own Cosmos-based app-chain, with USDC as the primary collateral and settlement asset. It remains a major onchain derivatives venue and stablecoin collateral sink.