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. Allaire’s announcement via X (formerly known as Twitter) has set the stage for a significant shift in the crypto landscape, stirring up discussions about the implications of this strategic move.
The Circle team also confirmed the news via a blog post and revealed that the USDC issued by Circle will be considered the official version of the stablecoin on the Base platform. Although the exact launch date has not yet been announced, the contract for the new token has already been deployed to Base.
Making Do With USDbC
The Base Network did not have a native version of the USD Coin when it was launched on August 9 by Coinbase. This prevented users from depositing cash into a Circle account and rece
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