• Native USDC is set to be deployed on Base in the coming week.
• USDC remains behind USDT in market capitalization.

A significant milestone was on the horizon for Base, as the CEO of Circle has recently made a crucial announcement. This new development raises questions about the potential effects on the stablecoin market cap and its total value locked (TVL).

Native USDC on Base

Base is set to see USDC become native to the platform, according to recent posts by Circle, the issuer of USDC, and Jeremy Allaire, CEO of Circle. This transition is scheduled for the upcoming week, as stated by Allaire, although a specific date has not been provided.

Native $USDC on @BuildOnBase. Coming next week. #StableSeptember. Let’s go! https://t.co/oqfI0ZZhCn

— Jeremy Allaire (@jerallaire) August 29, 2023

Furthermore, the bridged version of the stablecoin

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Author: Adewale Olarinde

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