news 
Coinbase and Mercuryo have partnered to significantly reduce the fees associated with ramping USDC (USD Coin) onto their Base network. This development has significant implications for both the stablecoin and Layer 2 networks. In this article, we will delve into the details of this partnership and its potential impact on the crypto ecosystem.
The announcement comes as a surprise to many, considering recent market trends and regulatory concerns surrounding stablecoins. Despite these challenges, Coinbase’s decision to collaborate with Mercuryo signifies a commitment to reducing fees for their users. This move is likely intended to differentiate themselves from competitors while maintaining their leadership in the stablecoin space.
In addition to this partnership, it has been reported that Circle, the issuer of USDC, plans to build a new Layer 1 blockchain utilizing USDC as a gas token. This development has raised concerns among some investors and stakeholders within the crypto community. While it is difficult to predict the long-term implications of such an event, one thing is certain: USDC’s role in the emerging digital economy will only continue to grow.
It is crucial for investors to stay informed about these developments as they unfold.
Source: coincentral.com
