USDC To Launch On Base Network

Circle CEO Jeremy Allaire has announced that its USDC stablecoin will launch natively on the Base Network next week. A New Home For USDC Circle CEO Jeremy Allaire has revealed that the USDC stablecoin will soon find its native home on the Base Network, with the launch scheduled for next week.

Timeline of Usd-coin

Circle plans to launch native USDC on Base blockchain, replacing bridged USDbC liquidity. The token will be fully reserved and redeemable for US dollars, enhancing scalability, transaction speeds, and reduced gas fees.

Circle's CEO Jeremy Allaire has announced that USDC will be launched natively on the Base Network platform next week. Allaire took to social media platform X (formerly known as Twitter) to share this news, emphasizing the benefits and implications of this integration.

Major shifts are on the horizon for USDC users and the Base network. An announcement from Circle's CEO, Jeremy Allaire, revealed that their renowned stablecoin, USD Coin (USDC), will soon make its native appearance on the Base network.

Circle (CRYPTO: USDC) unveiled a new partnership with Mercado Pago, a leading payment platform in Latin America, to bring the USDC stablecoin to Chilean customers. This move is particularly significant given Chile's current economic hurdles and rising inflation.

In a strategic move aimed at enhancing financial accessibility and stability, Circle, the instant money transfer service, has joined forces with Latin American payment giant Mercado Pago to introduce the USDC stablecoin to customers in Chile.

This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange.

Circle has announced that its dollar-based stablecoin, USDC, will be added to six new blockchains including; Base, Cosmos via Noble, NEAR, Optimism and Polkadot, and Polygon PoS. The first five will be added in September, with Polygon joining in October.

Top US crypto exchange by trading volume Coinbase is investing in the USD Coin (USDC) stablecoin issuer Circle. Coinbase and Circle co-created USDC in 2018 and have jointly managed the asset, which aims to maintain a peg to the US dollar, through the Centre Consortium.

USDC is expected to roll out on 6 new blockchains on which it will be available natively. This growth could trigger a pivot in USDC's market and more importantly, the level of utility.

A novelty in the crypto world: Coinbase, the prominent US exchange, is set to acquire a minority stake in Circle Internet Financial, simultaneously dissolving their joint partnership in the Centre Consortium that has played a key role in the governance of USD Coin (USDC).