In a new blog post, the centralized crypto exchange encouraged users to switch from USDT to USDC by waiving the conversion fees while highlighting the latter stablecoin as a “trusted and reputable digital dollar.”
The development comes amidst a stablecoin war in the industry. Exchanges are stepping up to claim dominance of their native stablecoins. Recently, Binance stopped supporting USDC, auto-converting customer holdings into its own stablecoin BUSD.
After being out of Binance, the companies spearheading USDC have new plans to bolster the stablecoin’s growth.
Coinbase’s Call to Ditch USDT
USDC was co-founded by Coinbase and issued by its affiliated company, Circle, in 2018. It also delivers monthly attestations by Grant Thornton LLP, which happens to be one of America’s largest audit, tax, and advisory firms. Tether, on the other hand, has been stirred with controversy much of it is surrounded by the stablecoin issuer publishing a full audit. The company has frequently dis
We współpracy z: https://cryptopotato.com/coinbase-encourages-users-to-switch-from-usdt-to-usdc/
