Circle and COINBASE have announced the latest upgraded version of their USDC stablecoin - managed by the Center Consortium - including the addition of a so-called gas-free deposit.
The "USDC 2.0" update will allow services that provide USDC support to pay transaction fees (known as gas fees like on the Ethereum network) to users.
In the statement "an update that allows developers to provide the service themselves or allow third party services to pay related fees"
"In other words, developers can pay fees on behalf of customers or present and deduct fees in USDC"
This update also focuses on security improvements: "USDC 2.0 will introduce a new multi-signature contract on a new chain, including a new consensus mechanism"
The issuance comes almost two months after USDC's overall supply surpassed USD 1 billion. According to data from CoinGecko, that figure is around $ 1.4 billion as of press time.
Circle and Coinbase, acting as USDC issuers, invited participants in the ecosystem to begin integrating a new upgraded version of USDC.
“New USDC protocol and smart contract enhancements are now available, any wallet developer can now start taking advantage of the gas-free deposit feature.
The developers of Coinbase and Circle plan to introduce and support these protocol improvements in their respective products and services in the near future, ”reports from Coinbase and Circle.
