Circle Internet Financial announced the native availability of USDC on Base, an Ethereum Layer 2 platform designed to facilitate secure, low-cost transactions and support a wide array of applications. This development simplifies access for developers and users by eliminating the need for bridging, thus making the USDC liquidity on Base readily accessible through Circle Account and Circle APIs. Base, which is built on the OP Stack, aims to bring more users on-chain by enabling developers to deploy EVM codebases and integrate assets from Ethereum L1 and other chains. The introduction of USDC on Base allows for seamless trading, borrowing, lending, and payments, and offers a stable foundation for developers to build upon. The native USDC is officially issued by Circle and is redeemable 1:1 for US dollars, unlike the bridged USDbC, which is not Circle-issued and lacks compatibility with Circle services. Efforts are being made to facilitate the migration of liquidity from USDbC to USDC, with Coinbase supporting easy conversion between the two. The initiative is part of Circle's broader mission to enhance global economic opportunity by making digital transactions more accessible and efficient.