Circle’s USDC Stablecoin to Launch Natively on Base Network
Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. The new version of USDC will replace the current US Dollar Base Coin (USDbC) on the Base network. Circle will begin issuing USDC on Base, doing away with the need for a bridged coin backed by the EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. version. The launch date has not been announced yet, but it will happen sometime next week.
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