Ethereum Payment Solution Launched by Circle

Circle Introduces Paymaster for USDC Gas Fee Payments on Arbitrum and Base

• Circle launched Circle Paymaster, allowing gas fee payments in USDC on Ethereum-based Arbitrum and Base.
• The solution eliminates the need for native tokens like ETH, enhancing user experience.
• A temporary waiver of the 10% gas cost fee is in place until June 30 to encourage adoption.
• Circle plans to expand Paymaster services to more blockchains, including Ethereum, Polygon PoS, and Solana.
• The launch follows Circle’s acquisition of Hashnote, a $1.3 billion tokenized money market fund company.

Circle’s introduction of the Paymaster service aims to streamline transactions by using USDC for gas fees on Arbitrum and Base, promoting stablecoin adoption across multiple blockchain platforms.