The stablecoin issuer, Circle, has announced that USDC is deployed on OP Mainnet and Base, with no requirements of bridging, ensuring a smooth experience for developers and users on Base’s network.
Circle is making sure that USDC works well on different blockchains, providing a stable foundation for developers. USDC issued by Circle can always be exchanged for US dollars at a 1:1 ratio.
On Base, there’s also ‘USDbC,’ a version of USDC from Ethereum through a bridge. But it’s important to note that USDbC is not issued by Circle and doesn’t work with Circle’s tools like Circle Account or Circle APIs.
Businesses and institutions can now use Circle Account to easily move USDC between OP Mainnet and Base, without having to go through the slow and expensive process of lock-and-mint bridging. They can deposit on one chain and withdraw from the other.
Users can also now buy, sell, and trade OP Mainnet USDC and Base USDC on Coinbase. They can also quickly withdraw these tokens to an EVM-compatible digital wallet, such as Coinbase Wallet.
Circle’s commitment to ensuring the seamless use of USDC on Base demonstrates their dedication to providing a stable and versatile cryptocurrency experience for developers and users alike.
Also Read: Circle To Launch USDC On Six New Chains, Including Base
