Ethereum to Support Stablecoin Payments for Transaction Fees in Next Major Upgrade
JH Kim
Summary
- Ethereum said its next major network upgrade will allow users to pay transaction fees with stablecoins.
- The next major upgrade will include a feature that allows transaction fees to be paid in stablecoins.
- If the feature is introduced, users would face less need to hold Ether separately to pay transaction fees.
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Ethereum plans to let users pay transaction fees with stablecoins rather than Ether in its next major network upgrade.
Cointelegraph reported on September 7, citing Ethereum development plans, that the upcoming upgrade will include a feature allowing users to pay transaction fees in stablecoins.
Users on the Ethereum network currently must pay gas fees in Ether to process transactions.
If the feature is introduced, users would face less need to hold Ether separately just to cover transaction fees.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.