Kraken's Ethereum L2 built on the OP Stack. Large USDT supply driven by Kraken exchange liquidity and the broader Kraken ecosystem.
Stablecoin supply
$173M 0.06% of networks covered
Rank by supply
20 of 30 covered
Coins on this chain
8 3 above $1M
Largest coin's share
36.5% USDG
Concentration (HHI)
3,352 of 10,000
01
The mix
8 coins · HHI 3,352
Top coin — the largest coin's share of this chain's stablecoin supply.
HHI — Herfindahl-Hirschman Index, the sum of squared percentage shares
on a 0–10,000 scale, the same definition published for the market-wide
concentration series. Both are computed over every coin with supply on the chain,
not only those listed below.
A chain's concentration measure describes only its stablecoin mix. It does not
indicate the security of the chain or the soundness of the issuers represented on it.
#
Stablecoin
Type
Supply on Ink
1
USDGGlobal Dollar
Fiat
$63M
2
USDTTether
Fiat
$58M
3
USDCUSD Coin
Fiat
$52M
Coins with at least $1M of supply on this chain, ranked by that supply.
5 further
coins hold smaller balances
here and are counted in the
concentration figures above but not listed.
Yes, Ink is EVM-compatible, meaning Ethereum tools and wallets work natively.
What is Ink built on?
Ink is a Layer 2 built on Ethereum. It posts its data to Ethereum and inherits Ethereum’s settlement security, while offering lower fees and faster transactions.