Circle Unveils Paymaster to Allow USDC to Be Used for Transaction Fees

  • Article

Name

Circle Unveils Paymaster to Allow USDC to Be Used for Transaction Fees

Description

Circle has launched Paymaster, a product that allows users to pay blockchain transaction fees on Arbitrum and Base using USDC, thereby eliminating the need for native tokens like ETH. With plans to expand to Ethereum, Polygon PoS and Solana, the tool will waive its 10% gas fee surcharge until 30 June 2025 to encourage adoption.

Types

Article

Authors

Francisco Rodrigues

Publish date

3:12pm, Thursday, January 23, 2025

Publisher

CoinDesk

Related projects

Circle
Base
Arbitrum

Web URL

https://www.coindesk.com/business/2025/01/23/circle-unveils-paymaster-to-allow-usdc-to-be-used-for-transaction-fees

Referenced by

Circle Launches Paymaster, simplifying blockchain gas fees with USDC

Crypto news

News story

Paymaster accepts USDC and then handles the native token payments to the blockchain validators, the company said in a blog post

Crypto news

Quote

Circle introduced Paymaster, which lets users pay transaction fees on Arbitrum and Base with USDC

Crypto news

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