Coinbase Boosts USDC Storage on Base Network

IndustryTrends

 Layer-2 Protocol Utilization: Coinbase is enhancing its Layer-2 protocol, Base Network, to include storage for users' USDC balances.

Improved Fund Management: The move aims to manage and secure customer funds more efficiently, with lower fees and faster settlement times.

Strategic Partnerships: Following a partnership with Compass Coffee, Coinbase is promoting USDC payments, indicating a push for wider crypto payment adoption.

Security Assurance: Coinbase assures users that their funds remain secure, with no lending activities that could jeopardize deposits unless specifically requested.

 Network Congestion Awareness: Customers should be aware of potential increased transaction fees due to Base Network congestion.

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