What you need to know: Native USDC on Base

Circle Internet Financial is set to launch native USDC on the Base blockchain ecosystem as part of their #StableSeptember initiative, aiming to replace the existing bridged USDbC liquidity from Ethereum with a native solution. The native USDC, issued by Circle, will be fully reserved and redeemable 1:1 for US dollars, allowing for more robust liquidity and institutional on/off-ramps. On the launch day, details will be shared by @BuildOnBase about ecosystem apps that facilitate seamless transitions from USDbC to the native USDC. While there will be no immediate changes to the Base Bridge, the liquidity migration will be gradual and optional, ensuring a smooth transition for users and developers. Circle's broader mission is to enhance the movement of money to foster global economic opportunity and prosperity.

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