Mercuryo and Coinbase Partner to Cut USDC Fees for MetaMask Users

Highlights:

• Mercuryo and Coinbase partner to reduce USDC fees on MetaMask via Base.
• Users benefit from around 50% fee savings for USDC on-ramps.
• Stablecoin demand rises with Circle’s new Layer 1 announcement.

Mercuryo and Coinbase have teamed up to reduce the fees by up to 50% for on-ramping USDC to MetaMask users. This offer is available to transactions done on Base, the Ethereum layer 2 support provided by Coinbase. The project is in response to growing interest in stablecoins with their fast settlement times and low cost of transfer. The press release states that the lower fees will apply to both new and existing MetaMask users and will facilitate greater adoption of USDC.

Base, an incubated project of Coinbase, remains in the spotlight as users are interested in faster and cheaper on-chain transactions. The high popularity of Web3 wallet MetaMask has also integrated directly with Base, simplifying the on-ramp process. Through this collaboration, users will be able to convert fiat to USDC more effectively and with minimum friction. This price cut follows a period in which the still-developing crypto economy is focusing more on stablecoins.

🤝 @Coinbase unveils a partnership with @Mercuryo_io#Coinbase partners with crypto payments infrastructure platform #Mercuryo to provide lower on-ramping fees for users of the $USDC stablecoin in the #MetaMask wallet. The offer is available to both new and existing $USDC users… pic.twitter.com/ecb7WSR5kM

— PHOENIX – Crypto News & Analytics (@pnxgrp) August 14, 2025

Petr Kozyakov, co-founder and CEO at Mercuryo, stated:

“Stablecoins are in the spotlight of the crypto story in 2025, with USDC playing a key role. We are sure that MetaMask users will maximize this discount offer to on-ramp USDC.”

MetaMask Integration Aims at Broader DeFi Use

The broad usage base of MetaMask, along with its ease of access to Layer 2 networks, makes it an optimal platform through which this sort of initiative can be conducted. The wallet is still developing, with additional users turning to DeFi, payments, and tokenized assets. By reducing the entry cost into the ecosystem, such an approach will enable more users to interact with decentralized finance and stablecoin-based tools. This, in its turn, contributes to development on the wider Web3 front.

Mercuryo ranks among the leaders of fintech integration into Web3 since it facilitates the simplification of crypto payments and onboarding. In addition, it provides simplified on-chain experiences that benefit new users and experienced users alike. The current offer will not only boost the circulation of USDC but also enhance the MetaMask involvement in daily crypto transactions. Recently, MetaMask revealed that it is launching a stablecoin, mUSD, in collaboration with Bridge.

Rising Demand for Stablecoins Fuels Integration

The move to reduce the cost of the USDC on-ramp followed a few days after the issuer of USDC, Circle, announced its plans to develop a stablecoin-native Layer 1 network. The new chain shall adopt USDC as its gas token, which complements the significance of the token in the blockchain space. During its latest earnings report, Circle announced that the amount of USDC in circulation increased 90% year-over-year, to $61.3 billion. The boom indicates increasing interest both in institutions and in retail users in stablecoins. 

Introducing Arc, the home for stablecoin finance.@Arc is an open Layer-1 blockchain purpose-built to drive the next chapter of financial innovation powered by stablecoins.

Designed to provide an enterprise-grade foundation for payments, FX, and capital markets, Arc delivers… pic.twitter.com/Z8FHUls1xY

— Circle (@circle) August 12, 2025

This interest has since increased further after the U.S. enacted the GENIUS Act. The law was established to regulate and facilitate the use of stablecoins within the financial markets. Meanwhile, Coinbase has also joined forces with JPMorgan to allow its credit card rewards to be turned into USDC on Base, further increasing applications of the token.

The Chief Business Officer of Coinbase, Shan Aggarwal, commented, saying,

“There is an increasing need for USDC in the current environment and we are delighted to offer a discount rate to the MetaMask consumer base. We are working to increase the pace of adoption of stablecoins globally.”