Key Takeaways
- Circle introduces Paymaster, enabling users to pay blockchain gas fees in USDC, removing the need for native tokens like ETH.
- Circle plans to expand Paymaster to other networks, including Ethereum, Polygon PoS, and Solana, while developing cross-chain functionality.
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Circle introduced Paymaster, a new product enabling users to pay blockchain gas fees with USDC, eliminating the need for native tokens like ETH.
The service is currently available on Arbitrum and Base, with plans to expand support to Ethereum, Polygon PoS, and Solana.
Future development will focus on enabling cross-chain functionality, allowing users to pay gas fees across multiple blockchains using a single USDC balance.
USDC is the second-largest stablecoin by market cap at $51 billion, trailing Tether’s USDT, which holds a $138 billion market cap. Circle expects this launch to onboard more users to adopt USDC.
Traditionally, blockchain transactions require gas fees to be paid in native tokens, creating challenges for users unfamiliar with managing multiple assets or lacking sufficient balances.
Paymaster simplifies this process by receiving USDC for gas fees, paying the network in native tokens, and delivering USDC to the recipient. Circle’s automated rebalancing ensures that the system always maintains liquidity for timely transaction processing.
Developers can integrate the permissionless solution with any ERC-4337-compatible wallet, allowing users to pay gas fees in USDC. Circle has also waived the 10% gas fee surcharge until June 30, 2025, making it easier for users to adopt the service.
The product complements Circle’s existing Gas Station feature, which allows developers to sponsor gas fees through credit card payments.
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