Circle Shakes Up Crypto: New EVM Blockchain Runs on USDC for Gas Fees

Stablecoin giant Circle just dropped a bombshell—its new Ethereum-compatible blockchain will use USDC as native gas. No more swapping tokens to pay for transactions; the dollar-pegged stablecoin becomes the fuel.

Why This Matters

Forget volatile ETH gas fees. Circle’s play could make DeFi flows smoother than a Wall Street dark pool—while giving USDC even more dominance in the $130B stablecoin market. Traders win, but regulators might grind their teeth.

The Ironic Twist

An EVM chain fully denominated in fiat-backed tokens? The crypto purists will howl, but institutions will lap it up. After all, nothing says 'decentralization' like Visa-on-blockchain efficiency.

One thing’s certain: bankers love a stablecoin they can understand—even if it’s wrapped in blockchain jargon.