Circle, the issuer of the $48 billion USDC stablecoin, launched Paymaster, a product permitting customers to pay for transaction charges on Arbitrum and Base utilizing the second-biggest stablecoin as an alternative of ether (ETH), the second-biggest cryptocurrency.
Blockchain transactions require customers to pay transaction charges which are used to compensate validators for processing and securing these transactions. Completely different blockchains typically use totally different tokens, forcing customers to handle an assortment of tokens throughout the varied chains.
Paymaster accepts USDC after which handles the native token funds to the blockchain validators, the corporate mentioned in a weblog publish.
The service, which is ready to develop to Ethereum, Polygon POS, and Solana, costs customers 10% of the fuel price for every transaction. The price is being waived till June 30 to encourage adoption.
