Circle introduces Paymaster, a new product allowing users to pay for transaction fees on Arbitrum and Base blockchains using USDC stablecoin instead of ether. This eliminates the need for users to manage multiple tokens across different chains. While the service will eventually expand to Ethereum, Polygon POS, and Solana, a 10% fee on gas cost is charged per transaction. This fee is currently waived until June 30th to encourage widespread adoption.
Circle introduced Paymaster, which lets users pay transaction fees on Arbitrum and Base with USDC .Circle, the issuer of the $48 billion USDC stablecoin, introduced Paymaster, a product allowing users to pay for transaction fees on Arbitrum and Base using the second-biggest stablecoin instead of ether (
Blockchain transactions require users to pay transaction fees that are used to compensate validators for processing and securing these transactions. Different blockchains often use different tokens, forcing users to manage an assortment of tokens across the various chains.The service, which is set to expand to Ethereum, Polygon POS, and Solana, charges users 10% of the gas cost for each transaction. The fee is being waived until June 30 to encourage adoption.
USDC Stablecoin Transaction Fees Arbitrum Base
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