Coinbase Announces Plans to Store USDC Balances on Base Network.

Quick Summary:

Increased adoption of USDC is bound to also trigger the need for a larger storage protocol, further validating Coinbase’s new project.

Choosing to make this move means that the firm can conveniently manage and secure customer funds with lower fees while also achieving faster settlement times.

Max Branzburg, Vice President, Head of Consumer Products at Coinbase took to X to announce the next step that the company is taking with regards to Base.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaUnited States

Topics: Base Coinbase 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-27 @ 05:55:27 (1 months ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20531079

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 60 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

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Publisher ID: #59

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