- Circle launched a brand new on-chain utility that permits customers to pay for gas fees with USDC on Arbitrum and Base
- Developers can use Paymaster to streamline gas funds inside their purposes
- Paymaster fees 10% of the gas price, however is free till June 30 2025
Circle introduced the launch of a brand new permissionless service, referred to as Paymaster, that permits customers to pay transaction fees in USDC for purposes on the Arbitrum and Base networks.
Paymaster permits builders to combine its options into their purposes to present a easy course of for customers.
Introducing Circle Paymaster, enabling customers to pay gas fees with USDC on @arbitrum and @base.
No extra juggling tokens throughout blockchains—merely use USDC for funds, transfers, and gas fees.
Learn extra: https://t.co/QHArlEhAJC pic.twitter.com/o3mKWLvyJR
— Circle (@circle) January 23, 2025
How Paymaster works
According to Circle’s blog post, Paymaster maintains balances of native cash used for gas (presently ETH on Arbitrum and Base), accepts USDC funds, after which pays utilizing the native gas coin on the backend.
The software then rebalances its reserve of native gas cash.
While the service’s availability is presently restricted to accounts managed by sensible contracts, Circle plans to broaden to externally owned accounts (accounts owned by personal keys) after the Ethereum Pectra improve.
Circle additionally plans to broaden Paymaster to the Ethereum principal internet, Polygon, and Solana networks. This will allow customers to pay transaction fees on a number of blockchains from a single blockchain.
