Coinbase Announces Strategic Plan to Move USDC Balances to Base Network

Wednesday, 27 March 2024, 12:45

Coinbase is transitioning corporate and customer USDC balances to the Base network to improve efficiency, lower fees, and enhance security in digital asset management. This move signifies a step forward in on-chain asset storage, setting a precedent for industry adoption of blockchain technology.
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Coinbase Announces Strategic Plan to Move USDC Balances to Base Network

Coinbase to Transfer All Funds to Base Network

Enhancing Efficiency and Security

  • Lower fees and faster settlement times offered on the Base network
  • Customer digital assets securely managed in hosted wallets

Coinbase's shift towards on-chain storage and secure digital asset management sets the stage for revolutionary changes in the financial landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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