The WMQ Guarantor has added support for Base, a Layer 2 blockchain developed by Coinbase, for transactions involving wallets backed by the USDC stablecoin. As a reminder, 1 WMQ is equivalent to 1 USDC.

With its high transaction speeds and low fees, Base enables system participants to make external transfers faster and at a lower cost.

Base joins the networks already supported for WMQ transactions: Ethereum, Solana, and Avalanche.