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Announcement

Bridge to Base securely with Stables!

Liam Thomson
• Publilshed
August 23, 2023

Have you been watching all the action happening over on Base but don’t know how to get started? Thanks to Stables, it’s never been easier to bridge across to Base. We’ve enabled seamless conversion from your AUD to USDC and now added a withdrawal option for your USDC to Base.

You can also send USDC from the Base blockchain to your Stables wallet and withdraw it to cash into your bank account. Simples!

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What is Base?

Base is a blockchain built by Coinbase, one of the world’s largest crypto exchanges. It’s an open-source optimistic roll-up, which means it’s a Layer 2 blockchain - built on top of Ethereum.

Base is the second Layer 2 built on Optimism, following the Optimism Mainnet, and was launched in August 2023.

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What can I do on Base?

Many popular dApps (Decentralised Applications) have launched on Base, with more launching every week. From Compound to SushiSwap and Balancer Protocol, through to the much-anticipated Friend.tech, there are dozens of platforms to try on Base.

Base is set up for cheap and nearly instant transactions, with Coinbase claiming that gas fees are 10x cheaper than Ethereum.

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How do I bridge to Base?

Stables now supports deposits and withdrawals to/from Base, meaning you can now send USDC to Base quickly and securely, powered by SocketTech. Getting your USDC across to Base, or withdrawing USDC from Base back to your Stables wallet is easy.

For our users in Australia, we’ve also made it super easy to buy Base USDC with AUD (as well as selling Base USDC for AUD).

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How to buy Base USDC with AUD?
  1. Top up your balance on Stables via bank transfer or payID.
  2. Withdraw your USDC, and in “Select network”, click on Base.
  3. Confirm your withdrawal, ensuring your wallet address for Base is correct.
  4. That’s it - your USDC will be available on your Base wallet within minutes!
How to sell Base USDC for AUD?
  1. Click “Top up” within the Stables app and copy your unique wallet address.
  2. Send USDC from your Base wallet to your Stables wallet.
  3. Wait a few minutes, and your USDC will be available in your Stables wallet.
  4. Click “Withdraw” and supply your current bank account details.
  5. Your USDC will be automatically converted into AUD and withdrawn to your bank account within 48 hours!

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Ready to get started? Download the Stables app now and start bridging!

Ready to get started?

Sign up via the app now.

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Stables powered by Tiiik Pty Ltd ACN 639 448 490 is a registered Digital Currency Exchange (DCE) provider with AUSTRAC - DCE100780083-001. Tiiik is also registered as an independent remittance dealer with AUSTRAC - IND100780083-001

The Stables Card Mastercard® powered by Tiiik Pty Ltd is issued by EML Payment Solutions Limited ABN 30 131 436 532, AFSL 404 131 ("Issuer"), and is managed by Mastercard Prepaid Management Services Australia Pty Ltd ABN 47 145 044, AFSL 386 837. You should consider the Product Disclosure Statement and Target Market Determination for this product located here. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you.

* Subject to any surcharge that may be imposed directly by merchants. The Stables Card is unable to be used for purchases related to gambling or adult entertainment. Currently the Stables Card cannot be used in the following countries and geographical regions due to sanctions that are currently in place: Crimea, Iran, North Korea, Sudan, Syria, Donetsk and Luhansk. If you attempt to use your card at merchants in any of these countries and geographical regions, your request will be declined. Additionally, all Mastercards will not work at Russian merchants. In addition, the POS terminals are not owned or operated by the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd and the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd are not responsible for ensuring that merchants will accept the Stables Card. For example, the Issuer and Mastercard Prepaid Management Services Australia Pty Ltd cannot control when a POS terminal is due for maintenance or is faulty of if a merchant chooses not to accept the Stables Card. In such cases, your Stables Card may not function properly or be declined. For more information please see the Product Disclosure Statement.

** Some merchants may charge their own fees and set their own limits.

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

The Stables Send product is issued by OmiPay Pty Ltd ACN 612 481 768 (AFSL 495025) (“Issuer”) and distributed and administered by Tiiik Pty Ltd trading as Stables (“Stables”) ACN 639 448 490 (AFS Representative No. 001308192). You should consider the Product Disclosure Statement, Financial Services Guide and Target Market Determination for this product located here. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you."