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Coinbase is incentivizing its users to convert their Tether (USDT) holdings for USD Coin (USDC), according to a December 8 blog post. The post Coinbase asks users to convert their USDT to USDC for free appeared first on CryptoSlate.
The stablecoin wars rage on as Coinbase rolls out zero-fee conversions from Tether to Circle's USDC.
Coinbase's request comes just a couple of months after Binance ceased support for USDC.
"The events of the past few weeks have put some stablecoins to the test and we've seen a flight to safety," a new blog post warns.
On Thursday (8 December 2022), Coinbase announced that it had decided to make it easier for its “global retail customers” to convert Tether ($USDT) to USD Coin ($USDC), highlighting the latter's good reputation without directing attacking the former.
Coinbase wants customers to use its own stablecoin USD Coin (USDC) instead of Tether (USDT).
Coinbase (NASDAQ: COIN) has urged its customers to switch from Tether (CRYPTO: USDT) to USD coin (CRYPTO: USDC), billing it as the "most dependable and reputable digital dollar." What Happened: In a blog post on Thursday, Coinbase said that USDC is fully backed with “high-quality reserves.
Let the stablecoin war begin! In a controversial move, leading American exchange Coinbase has urged its users to switch their Tether (USDT) to USD Coins (USDC).
Crypto exchange Coinbase has asked users to switch from Tether (USDT) to Circle's USD Coin (USDC), referring USDC as a “trusted and reputable stablecoin.” While the major reason remains unclear, Coinbase believes events of the past few weeks have made them take the decision to switch to a stablecoin it co-founded in 2018.
Coinbase highlights questions about Tether reserves in campaign to get users over to USDC
America's largest crypto exchange, Coinbase, doesn't want its customers to use the Tether stablecoin. It's instead offering incentives on its own stablecoin, USDC.
Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain.
The platform introduces five Blockchain HASH games Size, Odd Even, Perfect Partner, Combat, and Cow Mystery. Lucky Mystery Box, announced today the launch of its Crypto lottery on the TRON network.
Semafor Business & Finance Editor Liz Hoffman joins Yahoo Finance Live anchors Seana Smith and Dave Briggs to discuss the state of tether and how it's faring amid the crypto market meltdown.
Tether plans to roll out the Chinese Yuan on the Tron network Tether's future plans include rolling out digital versions of existing fiat currencies Tether, the crypto company that created the USDT stablecoin, announced plans to launch its offshore version of the Chinese Yuan on the Tron network.
Tether's offshore Chinese Yuan (CNHT) will be available for users to trade, acquire, and hold on to the Tron blockchain.
The cryptocurrency sector is still reeling from the consequences of the collapse of the crypto trading platform FTX, which was once among the top crypto exchanges in the world, and TRON (TRX) is no different, leading investors to analyze what might push its price upward.
Full details of CNHT's new launch on the Tron blockchain
Tether announced the integration of its Chinese yuan stablecoin (CNHT) to the Tron blockchain. Bitfinex will be the first exchange to support deposits and withdrawals in the new stablecoin.
Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The post Tether launches CNH₮, a stablecoin pegged to Chinese Yuan appeared first on CryptoSlate.
On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNH) would now be available on the Tron blockchain. Using the Tron blockchain transport layer, Bitfinex will be the first exchange to let users deposit and withdraw CNH₮ at launch.
With the stronger-than-expected November jobs report spiking risks of further monetary tightening, cryptos remain a risky proposition.
Huobi Global says that customers will soon be able to access Tether Gold and Euro Tether stablecoins, representing ownership of assets.
Tether's gold and euro stablecoins will soon be available on the Asian exchange
