USD Base Coin (USDbC) is a bridged version of USDC which provides developers with a stablecoin solution for Base at the time of mainnet launch. This bridged contract allows users to move USDC from Ethereum seamlessly to Base. Separate and distinct naming helps make it clear to developers and users that this asset is bridged to Base.
Please note that as of September 5, 2023, native USDC is available on Base for use.
Can I treat USDbC and USDC as equivalent?
Native USDC is now available for use on the Base network. USDbC is bridged USDC on Base, which is compatible with USDC on Coinbase. USDbC sent to your USDC address will show up as USDC on Coinbase.
Are there other bridged stablecoins on Base?
Our community has deployed bridged DAI, USDT, and crvUSD in an effort to facilitate and support as much onchain innovation as possible at launch. We believe in a diverse ecosystem of stablecoins and embrace a decentralized future on Base.
USDbC on Coinbase
To make it easier to track your balances, Coinbase maintains all versions of an asset within that asset's balance. Users can send USDbC to Coinbase, but can only withdraw native USDC. Customers can simply use their USDC deposit address on the Base network to deposit USDbC.
However, outside of the Coinbase mobile app or Coinbase.com, you may see your funds displayed as USDbC to indicate that they are on the Base network. This is just a way to show that your USDC has been bridged to the Base network, but maintains all the functionality and value of USDC.