Coinbase has waived conversion fees to try and induce customers to switch from USDT to USDC. Meanwhile, Binance has delisted USDC trading pairs and is pushing its own BUSD stablecoin.
Stablecoin wars
Cryptocurrency exchanges Coinbase and Binance have recently been at the centre of the so-called “stablecoin wars.” Coinbase has asked its users to switch their US Dollar Tether (USDT) holdings to USDC, while Binance has chosen to stick with USDT and its own BUSD.
For traders, this could have implications for their portfolio as each stablecoin has different features and characteristics. Coinbase is encouraging its users to move their funds from USDT to USDC, a US dollar-backed stablecoin.
The alternatives
USDC is an Ethereum-based token that is backed by a US dollar reserve, and it is administered by the CENTRE Consortium. USDC is designed to be a more transparent and cost-effective alternative to USDT, as Coinbase claims that USDC is more regularly audited than USDT. Coinbase has a
We współpracy z: https://cryptodaily.co.uk/2022/12/coinbase-vs-binance-usdc-usdt-or-busd
