Share this article
BTC
$103,625.59
-
0.99%ETH
$2,428.45
-
3.61%USDT
$1.0001
-
0.01%XRP
$2.1305
-
1.27%BNB
$644.73
-
0.04%SOL
$140.58
-
3.43%USDC
$0.9999
-
0.00%TRX
$0.2734
-
0.58%DOGE
$0.1635
-
3.50%ADA
$0.5857
-
2.19%HYPE
$34.43
-
4.57%WBT
$48.96
-
0.58%SUI
$2.7395
-
2.34%BCH
$468.23
-
4.83%LINK
$12.69
-
2.50%LEO
$8.8971
+
0.17%XLM
$0.2436
-
2.12%AVAX
$17.58
-
2.38%TON
$2.9323
-
0.87%SHIB
$0.0₄1144
-
1.13%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
'Gasless' Technical Update Brings USDC One Step Closer to Venmo
Users do not have to pre-fund their USDC-bearing wallet with ether before every transaction, according to Centre.
You can now send cryptodollars back and forth without paying a fee to the Ethereum network, according to the Centre Consortium in a Thursday blog post.
- Dubbed USDC 2.0, USD Coin (USDC) has integrated what are called "meta transactions" natively to the dollar stablecoin platform. Now, users do not have to pre-fund their USDC-bearing wallets with ether (ETH) in order to send a transaction.
- Meta transactions allow USDC wallets and compatible applications to act as virtual "gas stations" by paying the associated mining fee that accompanies every Ethereum blockchain transaction.
- "This [update] enables people to fund their non-custodial wallets with USDC and start using DeFi/dapps without also having to own ETH," Coinbase developer Peter Jihoon Kim told CoinDesk.
- The update is backwards-compatible, meaning old USDC clients can continue using the network without upgrading.
- Centre also released a new on-chain signature schematic to help govern the project as new partners join the Coinbase– and Circle-founded project.
- USDC is the second-largest stablecoin by market cap at $1.4 billion.
Read more: Circle Gets $25M From DCG to Drive USDC Mainstream
STORY CONTINUES BELOW
William Foxley
Will Foxley is the host of The Mining Pod and publisher at Blockspace Media. A former co-host of CoinDesk's The Hash, Will was the director of content at Compass Mining and a tech reporter at CoinDesk.
À la une
