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Stablecoin USDC Expands to Base and Optimism Networks
Circle’s native stablecoin USDC has recently launched on two Layer-2 networks – Base and Optimism. this launch will allow the Circle account holders to send USDC from their accounts to either of the networks.
Coinbase also announced that it has made USDC transfer available to Base. Circle has stated that it is collaborating with “ecosystem partners” to create a mechanism enabling users to exchange outdated, bridged editions of USDC for the new, authorized versions.
Coinbase’s Base network was inaugurated on August 9, but initially, neither Coinbase nor Circle account holders could send USDC directly to the Base network from their exchange or Circle accounts. Instead, users had to depend on a bridged version of USDC known as “USDbC” for their US dollar transactions. On August 29, Circle’s CEO, Jeremy Allaire, announced that a native version of USDC would become available “next week,” although no specif

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