Circle Preps to Roll Out Native USD Coin on Base Network, Replacing Earlier Ethereum-Backed Version

Circle is set to unveil its native version of USD Coin (USDC) on the recently launched Base network. CEO Jeremy Allaire confirmed the impending development in a social media announcement on August 29. This move comes as a strategy to phase out the existing USD Base Coin (USDbC), which has served as a stand-in for many users. Base network, which Coinbase initiated on August 9, initially lacked a native version of the USDC. To overcome this limitation, the Base network offered a temporary solution by enabling users to transfer USDC from the Ethereum network via a sanctioned bridge...

source: https://tokenpost.com/Circle-Preps-to-Roll-Out-Native-USD-Coin-on-Base-Network-Replacing-Earlier-Ethereum-Backed-Version-10597

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