Circle recently launched Circle Paymaster, a stablecoin payments solution that allows gas fees to be paid in USDC on Ethereum-based Arbitrum and Base. Paymaster simplifies transactions by removing the need for native tokens such as Ethereum (ETH). The use of USD Coin (USDC) to pay gas fees 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 launch of Paymaster comes on the heels of optimistic comments made by Jeremy Allaire, CEO of Circle, regarding the future of cryptocurrency trading services in the US banking sector in light of Donald Trump’s potential cryptocurrency policies.
