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Coinbase’s Base Network Enables Gas Fee Payments in Any ERC20 Token

Coinbase CEO Brian Armstrong confirms users can now pay network gas fees with ERC-20 tokens, including USDC, and highlights future expansions.

USDC

Summary

Coinbase CEO Brian Armstrong announced that Base accounts now support paying gas fees with ERC-20 tokens, including popular stablecoins like USDC. Users need a payment proxy service URL to enable the feature, with the Coinbase Developer Platform recommended for integration. Other proxies must ensure compatibility with ERC-20 payment proxy standards.

Terms & Concepts
  • Gas Fee: A transaction cost paid to blockchain validators for processing and securing transactions.
  • ERC20 Token: A standard for fungible tokens created on the Ethereum blockchain, enabling compatibility across applications.
  • USDC: A dollar-pegged stablecoin issued by regulated financial institutions, designed for stable value transfers on blockchain networks.