USDBC
USD Base Coin (Base - SuperChain Bridge)
$0.9997
0.01%
USD Base Coin (Base - SuperChain Bridge)
USDBC
$0.9997
0.01%
USD Base Coin (Base - SuperChain Bridge) Price Converter
USD Base Coin (Base - SuperChain Bridge) Information
USD Base Coin (Base - SuperChain Bridge) Markets
About USD Base Coin (Base - SuperChain Bridge)
USD Base Coin (USDbC) was a bridged version of USD Coin used on Coinbase's Base network to facilitate dollar-based transactions before the native USDC was launched. With the arrival of native USDC, USDbC has become largely redundant. The coin was mainly created to provide stable value on the Base layer-2 network and was a joint initiative by Coinbase and Circle.
USD Base Coin (USDbC) is a bridged version of USD Coin (USDC) that was used on Coinbase's Base network, a layer-2 (L2) solution for Ethereum. USDbC was developed to facilitate transactions in US dollars on the Base network, using a bridge that locked native USDC tokens on the Ethereum mainnet and issued USDbC on Base. This approach allowed Base users to have access to a USD-pegged stablecoin prior to the launch of a native USDC version on the network. The bridged USDbC served as an interim solution until a more seamless integration of the stablecoin could be achieved on Base.
The native version of USDC has since been launched on Base, which is part of a broader push by Circle, the issuer of USDC, to expand its reach across multiple blockchain networks. The introduction of native USDC has largely made USDbC obsolete, as Circle now provides direct support for USDC transactions on the Base and Optimism networks, enhancing interoperability and reducing dependency on bridging mechanisms (which can be more vulnerable to security risks).
USDbC was primarily used to facilitate U.S. dollar transactions on the Base network before native USDC was available. It provided a stablecoin option for users interacting with decentralised applications (DApps) on Base, allowing them to benefit from a more stable value compared to other cryptocurrencies. By providing a bridged USDC version, USDbC enabled Base users to conduct transactions and engage in activities such as decentralised finance (DeFi) without exposure to the volatility of traditional cryptocurrencies. This was particularly useful for liquidity providers and users engaging with decentralised exchanges (DEXs) and other DeFi services on Base.
USD Base Coin (USDbC) was created as a collaboration between Coinbase and Circle to serve the Base network until native USDC became available. Coinbase developed the Base layer-2 network as an Ethereum scaling solution, while Circle is the company responsible for issuing USDC. Circle and Coinbase have long collaborated to expand the adoption and utility of USDC across blockchain ecosystems. The issuance of USDbC was a temporary measure until the technical groundwork was ready for directly issuing USDC on Base.
