Pump Up The Base

Coinbase is building a Layer-2 solution for Ethereum called Base, joining other major exchanges with its own blockchain solution. Coinbase could onboard its large user and asset base through integration between its exchange, wallet, and Base. While Coinbase does not plan to issue a new network token, USDC could fill this role, generating sticky demand for the stablecoin. Base will be built on top of the OP stack. Coinbase will provide a percentage of fees earned through transactions to the Optimism Collective while collaborating with Optimism for infrastructure and application development.

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