Most people will hear B20 and think: “Another token standard.” Wrong. With ERC-20, every project deploys its own smart contract, builds its own controls, pays for its own audits and maintains its own implementation. B20 moves much of that token logic directly into the Base protocol itself. Same familiar ERC-20 interface on the outside. Completely different engine underneath. Wallets, exchanges, DEXs and apps can still interact with B20 assets normally, but issuers gain standardized infrastructure for: • Supply controls • Role management • Transfer policies • Native metadata • Stablecoin issuance • Tokenized assets • Rebase functionality • Potentially lower costs And future upgrades could allow users to pay gas directly with the token they are using instead of ETH. Why did Coinbase build this? Because Base is not only competing to process transactions. It wants to become the default issuance layer for: Stablecoins. Tokenized stocks. Bonds. Money-market funds. Real-world assets. Loyalty points. Creator assets. App-specific currencies. Instead of forcing every issuer to reinvent the wheel, Base is putting the wheel directly into the protocol. B20 is not a Base token. It is the infrastructure that could allow millions of future assets to launch on Base. Everyone is watching fees, TVL and memecoin volume. Coinbase is playing a much bigger game: Base is building the factory, not just the casino.