Circle Internet Financial highlights the introduction of EIP-7702 in Ethereum's forthcoming Pectra Upgrade, which will enable Externally-Owned Accounts (EOAs) to adopt smart wallet functionalities such as gasless transactions using USDC, without the need for deploying smart contracts. This advancement addresses the persistent issue of complex user experiences associated with gas fees, simplifying transactions for users who wish to spend USDC without needing native tokens for gas. By allowing EOAs to temporarily function as smart contract accounts, users can execute transactions with USDC, facilitated by Circle Paymaster, enhancing accessibility and reducing entry barriers for new users. This development promises to streamline blockchain-based payments, making them faster and more inclusive, and positioning USDC as a more mainstream digital currency.