Coinspeaker
Coinbase Moves USDC Stablecoin to Its Ethereum Layer-2 Platform Base
In the latest development, crypto exchange Coinbase announced that it would be moving the USDC stablecoins belonging to its customer and corporate accounts, to its Ethereum Layer 2 platform Base. this comes as part of Coinbase’s commitment to leveraging blockchain technology for seamless financial transactions.
Launched seven months ago, Coinbase’s Ethereum Layer-2 Platform Base has witnessed strong growth amid high demand. As reported last week, the Base network has witnessed a strong surge in trading volume and total value locked by its DeFi applications. This also makes Base the sixth-largest Layer-2 scaling solution on the Ethereum blockchain. The Coinbase Base platform leverages optimistic rollups to streamline off-chain transaction processing while ensuring smooth integration with Ethereum’s base layer.
On Monday, March 26, Coinbase Vice President Max Branzburg announced the exchan
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