{"id":549348,"date":"2023-08-30T02:00:43","date_gmt":"2023-08-30T02:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=549348"},"modified":"2023-08-29T21:09:26","modified_gmt":"2023-08-29T21:09:26","slug":"base-network-gears-up-for-usdc-integration-circle-ceo-jeremy-allaire-confirms","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/base-network-gears-up-for-usdc-integration-circle-ceo-jeremy-allaire-confirms\/","title":{"rendered":"Base Network Gears Up For USDC Integration, Circle CEO Jeremy Allaire Confirms"},"content":{"rendered":"

Circle\u2019s CEO Jeremy Allaire has <\/span>announced <\/span><\/a>that USDC will be launched natively on the Base Network platform next week. Allaire took to social media platform X (formerly known as Twitter) to share this news, emphasizing the benefits and implications of this integration.<\/span><\/p>\n

Circle also <\/span>confirmed <\/span><\/a>the announcement, stating that USDC issued by Circle will be considered the official form of USDC for the Base Network ecosystem.\u00a0<\/span><\/p>\n

They further highlighted that native USDC will gradually replace the currently circulating bridged USDbC liquidity that originates from Ethereum.<\/span><\/p>\n

Base Network’s Native USDC Integration To Attract Capital?<\/span><\/h2>\n

The integration of native USDC on Base Network offers numerous advantages for users and developers alike. Key among these benefits is the expansion of liquidity, as native USDC gains traction within the ecosystem.\u00a0<\/span><\/p>\n

Related Reading: Ethereum In Bleak Situation? Sharks & Whales Continue 4-Month Long Selloff<\/a><\/div>\n

An important aspect of the integration is the potential replacement of bridged USDbC (USD Coin on Ethereum) liquidity. Base Network aims to establish a \u201cself-sustaining\u201d ecosystem, where transactions and value transfers occur natively within the network.\u00a0<\/span><\/p>\n

Per the announcement, by reducing reliance on external bridges, the integration of native USDC enhances efficiency, security, and scalability, resulting in a more streamlined and user-friendly experience.<\/span><\/p>\n

Notably, the migration process from bridged USDbC to native USDC will be managed by Base Network in collaboration with ecosystem apps to ensure a seamless transition of liquidity.\u00a0<\/span><\/p>\n

In addition to the expected boost to the network’s financial infrastructure, the integration of native USDC aims to create new opportunities for developers to leverage stablecoin functionality within their decentralized applications (dApps).\u00a0<\/span><\/p>\n

This integration is also expected to simplify the integration of fiat currency and cryptocurrency for institutional investors, further broadening the appeal and utility of Coinbase\u2019s Base.<\/span><\/p>\n

Importantly, the integration of native USDC will not immediately impact Base Bridge, which will continue to operate \u201cnormally\u201d, ensuring uninterrupted functionality for users, according to the announcement made on Monday.<\/span><\/p>\n

Overall, The impending integration of the stablecoin on the Base Network marks an important development for the decentralized ecosystem. The introduction of USDC brings potential benefits such as enhanced liquidity, streamlined value transfer, and increased opportunities for developers.\u00a0<\/span><\/p>\n

While the transition from bridged USDbC to native USDC may present challenges, Base Network is committed to managing the migration process effectively and addressing any concerns.\u00a0<\/span><\/p>\n

As the launch of native Circle USD on Base Network approaches, industry participants eagerly anticipate its potential impact on liquidity dynamics and the broader cryptocurrency landscape.\u00a0<\/span><\/p>\n

Related Reading: Long-Term Bitcoin Holders Keep The Faith: 40% Supply Remains Untouched For Over 3 Years<\/a><\/div>\n

While the integration holds promise, it remains to be seen how successful it will be in attracting users within the Base Network ecosystem.<\/span><\/p>\n

\"USDC\"
Total crypto market capitalization rebounds on the daily chart to the $1.08 trillion mark. Source: TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from iStock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Circle\u2019s CEO Jeremy Allaire has announced that USDC will be launched natively on the Base Network platform next week. Allaire took to social media platform X (formerly known as Twitter) to share this news, emphasizing the benefits and implications of this integration. Circle also confirmed the announcement, stating that USDC issued by Circle will be considered the official form of USDC for the Base Network ecosystem.\u00a0 They further highlighted that native USDC will gradually replace the currently circulating bridged USDbC liquidity that originates from Ethereum. Base Network’s Native USDC Integration To Attract Capital? The integration of native USDC on Base Network offers numerous advantages for users and developers alike. Key among these benefits is the expansion of liquidity, as native USDC gains traction within the ecosystem.\u00a0 Related Reading: Ethereum In Bleak Situation? Sharks & Whales Continue 4-Month Long Selloff An important aspect of the integration is the potential replacement of bridged USDbC (USD Coin on Ethereum) liquidity. Base Network aims to establish a \u201cself-sustaining\u201d ecosystem, where transactions and value transfers occur natively within the network.\u00a0 Per the announcement, by reducing reliance on external bridges, the integration of native USDC enhances efficiency, security, and scalability, resulting in a more streamlined and user-friendly experience. Notably, the migration process from bridged USDbC to native USDC will be managed by Base Network in collaboration with ecosystem apps to ensure a seamless transition of liquidity.\u00a0 In addition to the expected boost to the network’s financial infrastructure, the integration of native USDC aims to create new opportunities for developers to leverage stablecoin functionality within their decentralized applications (dApps).\u00a0 This integration is also expected to simplify the integration of fiat currency and cryptocurrency for institutional investors, further broadening the appeal and utility of Coinbase\u2019s Base. Importantly, the integration of native USDC will not immediately impact Base Bridge, which will continue to operate \u201cnormally\u201d, ensuring uninterrupted functionality for users, according to the announcement made on Monday. Overall, The impending integration of the stablecoin on the Base Network marks an important development for the decentralized ecosystem. The introduction of USDC brings potential benefits such as enhanced liquidity, streamlined value transfer, and increased opportunities for developers.\u00a0 While the transition from bridged USDbC to native USDC may present challenges, Base Network is committed to managing the migration process effectively and addressing any concerns.\u00a0 As the launch of native Circle USD on Base Network approaches, industry participants eagerly anticipate its potential impact on liquidity dynamics and the broader cryptocurrency landscape.\u00a0 Related Reading: Long-Term Bitcoin Holders Keep The Faith: 40% Supply Remains Untouched For Over 3 Years While the integration holds promise, it remains to be seen how successful it will be in attracting users within the Base Network ecosystem. Featured image from iStock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":549349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[89119,86187,88643,1393,54512],"class_list":["post-549348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-base-layer-2","tag-circle-ceo-jeremy-allaire","tag-circle-usdc","tag-coinbase","tag-defi"],"acf":[],"yoast_head":"\nBase Network Gears Up For USDC Integration, Circle CEO Jeremy Allaire Confirms<\/title>\n<meta name=\"description\" content=\"Circle\u2019s CEO Jeremy Allaire has announced that USDC will be launched natively on the Base Network platform next week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Base Network Gears Up For USDC Integration, Circle CEO Jeremy Allaire Confirms","url":"http:\/\/wncen.com\/news\/base-network-gears-up-for-usdc-integration-circle-ceo-jeremy-allaire-confirms\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/base-network-gears-up-for-usdc-integration-circle-ceo-jeremy-allaire-confirms\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Downloader.la-64ee5a9ad9b00.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Downloader.la-64ee5a9ad9b00.jpg?fit=1024%2C576"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["base layer 2","circle ceo jeremy allaire","circle usdc","coinbase","defi"],"dateCreated":"2023-08-30T02:00:43Z","datePublished":"2023-08-30T02:00:43Z","dateModified":"2023-08-30T02:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Base Network Gears Up For USDC Integration, Circle CEO Jeremy Allaire Confirms\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/base-network-gears-up-for-usdc-integration-circle-ceo-jeremy-allaire-confirms\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/base-network-gears-up-for-usdc-integration-circle-ceo-jeremy-allaire-confirms\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Downloader.la-64ee5a9ad9b00.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Downloader.la-64ee5a9ad9b00.jpg?fit=1024%2C576\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"base layer 2\",\"circle ceo jeremy allaire\",\"circle usdc\",\"coinbase\",\"defi\"],\"dateCreated\":\"2023-08-30T02:00:43Z\",\"datePublished\":\"2023-08-30T02:00:43Z\",\"dateModified\":\"2023-08-30T02:00:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Downloader.la-64ee5a9ad9b00.jpg?fit=1024%2C576","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549348"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=549348"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549349"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}