Coinspeaker
Coinbase Waives Fee for Conversion from USDT to USDC
Coinbase has announced zero conversion fees for customers wanting to change to a popular stablecoin USDT in a new drive that emphasized the quality of reserves that support Circle-owned USD Coin (USDC).
According to a Coinbase blog post, affairs in the previous week have led to the assessment of some stablecoins while also witnessing a flight to safety. It went on to claim that USDC was considered a reputable and trustworthy stablecoin.
Coinbase has waived the fees for international retail customers to convert USDT to USDC. Coinbase also happened to be the co-founder of USDC. Statistics show that USDT is the third-most widely traded virtual currency on Coinbase, making up for five percent of the entire volume on the exchange, where it presently trades for ninety-nine cents.
Soon after the fall of FTX, Tether (USDT) was thrown off its peg and traded at ninety-three cents.
Recently in September, Tether was also commanded
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