Circle, the issuer of the USD Coin (USDC) stablecoin, has launched a native version of USDC on the newly developed Base blockchain, an Ethereum Layer-2 network.
The launch is part of Circle’s ongoing efforts to expand USDC’s reach and utility across different blockchain ecosystems.
Base is designed to offer lower transaction costs and increased scalability, making it an ideal platform for developers and users of decentralized finance (DeFi) applications.
The native integration of USDC on Base is expected to boost liquidity in the DeFi space and provide more seamless options for users to move stablecoins between networks. With USDC being one of the most widely used stablecoins in DeFi, this launch is seen as a key step in Circle’s mission to make USDC the standard digital dollar for Web3.
