Blockchain technology requires users to pay transaction fees in order to compensate validators for processing and securing transactions. Circle, the issuer of the $48 billion USDC stablecoin, has introduced a new product called Paymaster, which allows users to pay for transaction fees on Arbitrum and Base using USDC instead of ETH. Paymaster accepts USDC and handles the native token payments to the blockchain validators. The service charges users 10% of the gas cost for each transaction but is currently waiving the fee until June 30 to encourage adoption. It plans to expand to Ethereum, Polygon POS, and Solana in the future.



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