A controversial statement came from Coinbase, the largest cryptocurrency exchange in the USA. The exchange advised its users to switch from USDT, issued by Tether, to USDC, issued by Circle.
coinbase December 9 In a blog post published on its official website on to stress test claimed that he did. During this stress test, USDC’s stock market stable its structure did not break that’s why USDC’s Trustworthy and reputable He stated that they think it is a stablecoin.
Stating that they trust USDC’s reserves, the stock market is in this context. from USDT to USDC announced that it will not charge any transaction fee from its customers who want to switch.
The exchange, which has close ties with Circle, the issuer of stablecoin, is the one that USDC played a role in launching in 2018 with the vision of creating a more open global financial system. %one hundred cash or that it has a unique status to be backed by US short-term treasury notes. By its content, USDC is always in US Dollars. 1:1 Claiming that it can be redeemed at the rate of transparency and trust USA’s largest audit firm to provide Grant Thornton LLP underlined that it was supervised by Additionally, annually on USDC holdings of eligible customers around the world. 1.5% return The information that he was able to win was also included in the blog post.
On the other hand, Binance in September last September USDC especially Pax Dollar (USDP) and True USD (TUSD) stablecoins to BUSD It seems that the stablecoin war between Binance, Tether and Coinbase will continue for a while.