# Stablecoins on DackieSwap

By [DackieSwap](https://paragraph.com/@dackieswap-2) · 2023-09-17

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Stablecoins play a crucial role in the Base ecosystem, indicating its robust development and substantial liquidity. However, the abundance of stablecoins can leave users perplexed about which one to choose, considering factors such as safety and liquidity. Here, we provide explanations about the various stablecoins circulating on the Base chain in general and [DackieSwap](https://www.dackieswap.xyz/swap) in particular.

1.  **Native USDC:**
    
    *   Address: 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913
        
    *   Symbol: USDC
        
    *   This native stablecoin on the Base network is issued by **Circle** and is expected to have the largest market share on Base in the future. Major centralized exchanges like Coinbase and others will support USDC for deposits and withdrawals.
        
2.  **USDbC:**
    
    *   Address: 0xd9aAEc86B65D86f6A7B5B1b0c42FFA531710b6CA
        
    *   Symbol: USDbC
        
    *   USDbC is a stablecoin bridged from USDC on the Ethereum network to the Base network. Essentially, USDC on Ethereum gets locked in Base's native bridge, and **USDbC is issued on the Base network**.
        
3.  **DAI:**
    
    *   Address: 0x50c5725949A6F0c72E6C4a641F24049A917DB0Cb
        
    *   Symbol: DAI
        
    *   Similar to USDbC, DAI is issued by [Base's native bridge](https://bridge.base.org/deposit). DAI on the Ethereum network is locked in Base's bridge, and DAI coins are issued on the Base network for users.
        
4.  **axlUSDC:**
    
    *   Address: 0xEB466342C4d449BC9f53A865D5Cb90586f405215
        
    *   Symbol: axlUSDC
        
    *   The first stablecoin was issued on the Base network by **Axelar Network**. It is backed by a liquidity pool and has good initial liquidity. However, it may gradually lose market share to Native USDC and USDbC. Axelar also supports **axlUSDT** on the Base network.
        

In terms of security, below is our evaluation.

**_Native USDC > (USDbC & DAI) > (axlUSDC & axlUSDT)_**

*   **Native USDC** is issued by **Circle** and can be exchanged for USD directly with Circle.
    
*   **USDbC** & **DAI** have a minimal risk if **Base's Native Bridge** is attacked, which is unlikely but not impossible.
    
*   **axlUSDC** & **axlUSDT** may have risks related to attacks on Axelar's cross-chain bridge liquidity pools. Users should conduct their own research (DYOR) before using these stablecoins.
    

Please be aware that when utilizing [Base's Native Bridge](https://bridge.base.org/deposit) to transfer assets from **Base back to Ethereum**, the transaction processing may take up to **7 day**s due to the utilization of Optimism Rollup technology. Alternatively, users have the option to use third-party bridges like Stargate or Orbiter for immediate asset bridging, albeit with associated fees and a slight slippage that varies depending on the chosen bridge.

Users can also profit by providing liquidity for stablecoins on DackieSwap, where we offer three stablecoin pools with attractive rewards.

![](https://storage.googleapis.com/papyrus_images/f8fe0470b5a037ef3932fca592dc75ea32473a467c092da0e6e4eae8ce3ac2a0.png)

🤫 [DackieSwap’s **native USDC - USDbC pool boasts the lowest transaction fee tier (0.01%)** and **high rewards**](https://www.dackieswap.xyz/swap?chain=base&inputCurrency=0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913). We hope this article helps users understand the different types of stablecoins, their safety, and how to use them effectively.

Quack Quack Quack 🦆🦆🦆

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*Originally published on [DackieSwap](https://paragraph.com/@dackieswap-2/stablecoins-on-dackieswap)*