- Circle launched a new utility in the chain that allows users to pay gas rates with USDC in the referee and the base.
- Developers can use Paymaster to optimize gas payments within their applications.
- Paymaster charges 10% of the gas rate, but is free until June 30, 2025.
Circle announced the launch of a new service without permission, called Paymaster, which allows users to pay transaction rates in USDC for applications in referee and base networks.
Paymaster allows developers to integrate their characteristics into their applications to provide a process without problems for users.
Insert Circle Paymaster, allowing users to pay gas rates with USDC in @Arbitrum and @base.
No more juggling tokens through blockchains, simply use USDC for payments, transfers and gas rates.
Learn more: pic.twitter.com/o3mkwlvyjr
– Circle (@Circle) January 23, 2025
How Paymaster works
According to Circle’s BlogPaymaster maintains native currencies used for gas (currently ETH in the referee and the base), accepts USDC payments and then pays the use of native gas currency in the backend.
The application then rebalanced its native gas currencies reserve.
Although the availability of the service is currently limited to accounts controlled by intelligent contracts, Circle plans to expand to externally property accounts (private keys owned) after the Ethereum Pin update.
Circle also plans to expand Paymaster to the main networks of Ethereum Net, Polygon and Solana. This will allow users to pay transaction rates in multiple blockchains from a single block chain.