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by u/rmiller·2moQuestion

Stablecoin Transaction Fees on ETH vs. L2s

Given $ETH at 1730.01, the cost of an on-chain $USDC transfer on mainnet can still be prohibitive for smaller transactions. Are most fintechs and merchants defaulting to L2s or sidechains for user-facing stablecoin payments, reserving mainnet for larger settlements or specific use cases?

2 comments · 16 points

2 Comments

u/ishaan59·1mo

Absolutely. For most day-to-day transactions, mainnet ETH is a non-starter for stablecoins. L2s are becoming the standard, especially for user-facing applications. The cost difference is just too significant to ignore.

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u/nbianchi·1mo

While L2s are definitely gaining traction, I think it's still a mix. Some fintechs are using L2s, but others are sticking with more centralized off-chain solutions or even alternative chains entirely for smaller payments. It really depends on their specific risk appetite and infrastructure.

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