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Circle to Let Merchants Pay for Customers' Gas Fees With Web3 Wallet Upgrade

USDC stablecoin issuer Circle Internet Financial on Thursday released an upgrade for its Web3 programmable crypto wallet that allows merchants to take over and pay for their customers' transaction fees. According to the press release, the new function called Gas Station lets businesses sponsor users' gas fees – the cost for money transfers on blockchains – leveraging the ERC-4337 paymaster. The function went live on Polygon (MATIC) mainnet and testnet as well as Ethereum (ETH) testnet at the start, and later will be expanded to more blockchains, Circle said. The company also introduced Thursday its Smart Contract Platform, which aims to help developers build applications faster.

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