USDC Stablecoin Expands to Base and Optimism Blockchains
Jeremy Allaire, the CEO of Circle, recently announced that the popular stablecoin USDC would be available on Base and Optimism within a week. This move aims to enhance the utility of USDC by offering native support on more blockchains, eliminating the need for bridged Ethereum tokens. Circle’s collaboration with Optimism further solidifies its involvement in the Optimism collective’s operations.
Native Support on Base and Optimism
The launch of USDC on both Base and Optimism mainnets has now happened. These variants of the stablecoin were built on the OP stack as part of Circle’s Stable September initiative. This initiative aims to boost the adoption of USDC by providing additional reassurances to developers and investors worldwide.
USDC vs. Tether
With the addition of Base and Optimism, USDC now has native support on 11 blockchains, offering developers and businesses the opportunity to leverage the benefits of this digital dollar across multiple ecosystems. In comparison, Tether, one of Circle’s main competitors, is available on only 7 blockchains.
Smooth Launch with Minor Hiccup
The launch of USDC on Base and Optimism went smoothly, with no major issues reported. However, Base experienced a temporary outage lasting approximately two hours, which was quickly resolved. This incident did not affect any users’ funds and was attributed to a minor infrastructure issue that has since been fixed.
Hot Take:
The expansion of USDC to Base and Optimism demonstrates Circle’s commitment to improving the utility of their stablecoin. By providing native support on more blockchains, Circle aims to enhance accessibility and drive wider adoption of USDC in the crypto space.
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