USDC Now Available Natively on Base

USDC Now Available Natively on Base

USDC Multi-Chain

USDC on Base is now live! We’re announcing that USDC is now available natively on Base and accessible to developers and users – no bridging required. Circle Account and Circle APIs now fully support USDC on Base, making it easy to access USDC liquidity and benefit from Base’s growing network.

 

About Base

Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users on-chain. Built on the OP Stack, Base enables developers to confidently deploy any EVM codebase and on-ramp users and assets from Ethereum L1, Coinbase, and other interoperable chains.1

There are over 100 projects and apps built on Base today, supporting use cases across on-chain finance, art, music, gaming, advocacy, and more.2 Developers and users looking for a globally accessible digital dollar can now choose USDC on Base for trading, borrowing, lending, payments, and more.

 

Understanding native vs. bridged

Circle brings USDC natively to new blockchain networks to empower developers to build on a stable foundation they can trust. Native USDC is officially issued by Circle and is always redeemable 1:1 for US dollars.

In the case of Base, there also exists a “bridged” form of USDC known as USDbC, which is USDC that’s been bridged from Ethereum. Bridged USDC (USDbC) is not issued by Circle and is not compatible with Circle Account or Circle APIs.

 

Bridged USDC from Ethereum

 

Native USDC issued by Circle

(Note: Please do not attempt to send bridged USDbC on Base to your Circle Account, as it may not be recoverable and could result in a loss of funds.)

Base will be working with ecosystem partners to help facilitate the migration of liquidity from USDbC to USDC. Additionally, Coinbase is a global digital asset exchange that enables users to deposit USDbC and withdraw USDC easily to a digital wallet, such as Coinbase Wallet.

 

Powering new use cases

Exchanges, digital wallets, institutional traders, and developers can access USDC on Base via the Circle Account and Circle APIs for a number of use cases:

 

  • Making low cost payments and remittances globally in seconds
  • 24/7 trading, borrowing and lending on apps like Compound and Uniswap
  • Enable users to hold savings in digital dollars without needing a traditional bank account

 

Get started today

Businesses can readily access on/off-ramps for converting fiat currency to USDC on Base by opening a Circle Account.

Developers can start building with USDC on Base with our developer docs – USDC is an open-source, permissionless protocol that anyone can build on.

1 base.org (Last accessed September 1, 2023)

2 base.org/ecosystem (Last accessed September 1, 2023)

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