US-based cryptocurrency exchange Top Coinbase has issued a warning to its customers, advising them to convert their Tether (USDT) stablecoin holdings to USD Coin (USDC).
in a new company blog post, Coinbase informs its customers that USD Coin is one of the most trusted and reputable stablecoins on the market, making it logical to convert USDT to USDC as a means of protecting assets during market turmoil. says.
Coinbase also says it will waive fees for converting USDT to USDC.
More than ever, stability and trust are paramount to our customers. provide stability and reliability to customers.
However, the events of the past few weeks have seen several stablecoins tested and seen a flight to safety.Because we believe USD Coin (USDC) is a reliable and reputable stablecoin. , making the transition smoother.
USDC is a dollar-pegged crypto asset founded by Coinbase in 2018 in collaboration with payment platform Circle. According to Coinbase, this crypto asset is unique because it is backed by 100% cash and short-term government bonds held by regulators.
We co-founded USDC in 2018 with the vision of creating a more open and global financial system. It’s unique in that it’s backed, and you can convert it to US dollars 1:1 at any time.
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