What it means
The standard format for tokens on Ethereum and networks like Base, so any wallet can hold and send them.
USDC and EURC on Base are ERC-20 tokens.
How it works
Because they share one format, the same token works across wallets, exchanges and lending markets.
Related terms
| Term | What it means |
|---|---|
| Token | A unit of value recorded on a blockchain, which can stand for money, a vote, a share of a pool or anything else. |
| Ethereum | The public blockchain where smart contracts and most of DeFi began. |
| Base | A public blockchain built by Coinbase that runs on top of Ethereum, with low fees and fast confirmations. |
This glossary explains terms in general. It isn't investment, tax or legal advice.