Circle Launches Paymaster for USDC Gas Fee Payments on Arbitrum and Base

Circle recently launched Circle Paymaster, a stablecoin payments solution that allows gas fee payments in USDC on Ethereum-based Arbitrum and Base. Paymaster simplifies transactions by removing the need for native tokens like Ethereum (ETH). The use of USD Coin (USDC) for gas fee payments demonstrates the growing use of stablecoins as a stable alternative to volatile cryptocurrencies. Circle plans to expand its Paymaster services to more blockchain platforms, including Ethereum, Polygon PoS, and Solana. The Paymaster launch follows Circle CEO Jeremy Allaire’s optimistic comments on the future of crypto trading services in the US banking sector under Donald Trump’s potential crypto policies.