Coinbase takes a shot at Tether, encourages users to switch to USDC By Cointelegraph
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United States-based cryptocurrency exchange Coinbase (NASDAQ:) has asked its customers to convert their Tether-issued USDT (USDT) stablecoin to (USDC), a USD-pegged stablecoin issued by Circle and co-founded by Coinbase in 2018.
The cryptocurrency exchange suggested that USDC is a much more secure alternative in the wake of the FTX collapse saga and has also exempted any fee on the conversion of USDT to USDC on its platform. The firm said:
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United States-based cryptocurrency exchange Coinbase (NASDAQ:) has asked its customers to convert their Tether-issued USDT (USDT) stablecoin to (USDC), a USD-pegged stablecoin issued by Circle and co-founded by Coinbase in 2018.
The cryptocurrency exchange suggested that USDC is a much more secure alternative in the wake of the FTX collapse saga and has also exempted any fee on the conversion of USDT to USDC on its platform. The firm said:
Continue Reading on Coin Telegraph
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