Coinbase and Circle have recently announced a new agreement, with Coinbase acquiring a minority stake in Circle. This agreement follows two years of split governance between the two companies. Circle has also announced plans to upgrade USDC’s technical capabilities in order to pave the way for present and future projects. On the 29th of August, Jeremy Allaire – the CEO of Circle – announced that USDC would be made available on the Base network sometime next week. USDC will now become native on the Base network, eliminating the bridge and clearing up any doubts regarding the reserves backing the bridged USDC tokens. This will make it easier for institutional investors to manage their holdings across both networks. The Base team will continue to work closely with dApp developers who wish to fully transition to the Base network. Base has seen incredible growth, gaining upwards of 100k users in a day and a million in under two weeks. Base has also signed a superchain agreement with Optimism. Together, the two companies will split both the revenue and the governance of the Optimism collective.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Binance, PrimeXBT, Optimism, Base, Jeremy Allaire |
| Companies | Binance, Optimism, Base, Coinbase, Circle |
| Currencies | Ethereum, Bridged USD Coin, Bitcoin, Toucan Protocol: Base Carbon Tonne, USD Coin |
| Securities | None |
