# Native USDC on Base

Source: https://www.circle.com/blog/need-to-know-native-usdc-on-base
Kiwi News: https://news.kiwistand.com/stories/Native-USDC-on-Base?index=0x654216961564ce3f797f0b25e53e5ffd109fb6d83e00d7b01927f1d10cb7c8bb347ac991
Submitted by tim on 2023-11-01 UTC, 1 upvote, 0 comments

## Summary

Circle's native USDC is coming to Base, and Base describes it as the official form of USDC for the ecosystem. Over time, native USDC liquidity is expected to grow and may replace the bridged USDbC liquidity that comes from Ethereum. The article says native USDC is fully reserved and always redeemable 1:1 for US dollars, and that it enables institutional on/off-ramps. Base will work with ecosystem apps on an optional, gradual move of liquidity from USDbC to USDC, and Base Bridge will not change immediately.

## Article

Welcome to #StableSeptember, a series where we provide a preview of what it means to bring native USDC to new blockchain ecosystems. Take a look below for what you need to know about the upcoming launch of native USDC on Base.

Native to Base

USDC issued by Circle will be native to Base and can be considered the official form of USDC for the ecosystem. Over time, we expect native USDC liquidity will grow and may replace the currently circulating bridged USDbC liquidity that comes from Ethereum. Bringing native USDC to Base provides the following benefits for developers and users:

Fully reserved and always redeemable 1:1 for US dollars

Enables institutional on/off-ramps

What You Need to Know

On the upcoming launch day for native USDC, @BuildOnBase will share details on the ecosystem apps that will offer easy ways to seamlessly swap from bridged USDbC to USDC.

Bridged USDC from Ethereum Token Symbol: USDbC Token Address: 0xd9aAEc86B65D86f6A7B5B1b0c42FFA531710b6CA

Native USDC issued by Circle Token Symbol : USDC Token Address : 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913

Regarding liquidity migration, Base will work with ecosystem apps to provide an optional smooth transition of liquidity from USDbC to USDC over time. There will be no immediate changes to Base Bridge and it will continue to operate normally.

We’re very excited about what native USDC means for the Base ecosystem! Stay tuned for more details as #StableSeptember begins.