Base Enables Sub-Cent USDC Transfers, Slashing International Transaction Costs
**Base, a layer-2 blockchain solution, has revolutionized international transactions:**
- USDC transfers now cost less than one cent
- International transaction costs reduced by over 99%
- Demonstrates the power of onchain payments
This development, highlighted in a16z crypto's State of Crypto report, showcases the potential for blockchain technology to dramatically reduce financial friction globally.
Previously, Base had already seen record levels of USDC transfers and volume, establishing itself as an onchain liquidity powerhouse. Features like:
- Zero transfer fees on Coinbase Wallet
- Easy onboarding with USDC Anywhere
Have positioned apps like Moonwell to serve the growing onchain economy on Base.