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.

A new title unit, WMQ, has been launched in the WebMoney Transfer system, backed by the USD Coin (USDC) stablecoin.

1 WMQ equals 1 USDC. The wallet supports USDC operations on the following networks: Ethereum, Solana and Avalanche.

Transfers between WMQ wallets are instant within the system, with low and stable fees. WMQ can be easily exchanged for other WebMoney title units – WMT, WMZ, WMX, WMF, and others. Deposits and withdrawals of WMQ are available on the website wmq.web.money.

The launch of WMQ expands opportunities for working with stablecoins, combining the price stability of USDC with the familiar WebMoney infrastructure. WMQ wallet holders gain access to all the advantages of the system, including dozens of services for online payments, payment acceptance, and running a business.