Coinbase’s Base network launched on Aug. 9, but Coinbase users could not send USDC to the Base network from their exchange accounts at launch, nor could Circle account holders. Base users relied on a bridged version of USDC, called “USDbC,” to make U.S. dollar transactions. On Aug. 29, Circle CEO Jeremy Allaire announced that a native version of USDC would be made available “next week,” but no specific date was given.
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Source: Cryptocurrency - investing.com