Jeremy Aller, CEO of USD Coin (USC) issuing company Circle, has announced that a stablecoin will be launched on the Base 2 blockchain next week.
USDC in Base”, source. It will be available from next week,” Aller said on his social media page.
The Circle Blog reports that USDC will become the official stablecoin of Base and may be the official form for the ecosystem.
“We believe that USDC’s own liquidity will increase over time and could replace the value of Ethereum from dollars,” Circle added.
On the launch day of the stablecoin on the new blockchain, the Base team will present information about the applications of the ecosystem. They will be able to suggest easy ways to switch from USDbC to BCH. Base will interact with ecosystem applications to ensure a smooth transition of liquidity from USDbC to USED by a certain time. With all this, there are no decisive changes for the Base bridge and it will continue to work as usual.
According to Circle, USDC will expand in October across all six blockchains: Polygon PoS; Base;, NEAR, Optimism and Cosmos. The stablecoin is currently available in cryptocurrencies such as Algorand, Arbitrum, Avalanche Ethereum Flow Solana Stellar and TRON. If the issuer's plans are implemented, USDC will be expanded from nine ecosystems to fifteen.
"Developers have the ability to start analyzing and creating testnet integration with USDC through the Circle Documentation Portal," company officials said.
USDC in Arbitrum. In June, the Circle team launched a stablecoin on the arbitroom site. In the future, the blockchain is expected to work in conjunction with applications from the Circle ecosystem to ensure a smooth transition of liquidity.
It should be expected that crypto market participants will now be able to access Arbitrum USDC through their Circle account and circle API for several uses. This refers to almost instantaneous transfers, borrowing and lending money from applications such as Camelot, GMX and Uniswap.