Coinbase vs Binance - USDC, USDT or BUSD?

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.

Timeline of Usd-coin, Tether

Coinbase pushes the adoption of the digital dollar by allowing customers to seamlessly switch from USDT (USD Tether) to the popular USDC (USD Coin) with zero fees. By adopting the convention of USDT, users will be able to switch between these two stablecoins.

Coinbase (NASDAQ:COIN), the top crypto exchange in the US, has posted a statement telling customers to migrate from Tether – USDT, to USDC – the dollar-based stablecoin issued by Circle.

London, UK, Dec. 09, 2022 (GLOBE NEWSWIRE) -- The cryptocurrency arbitrage platform Mosdex is constantly introducing new ways to onboard customers and help members generate passive income in crypto markets.

Coinbase is offering to convert USDT to USDC with no fees.  The firm said in a Thursday (Dec. 8) blog post that the recent turmoil in the cryptocurrency markets had seen a “flight to safety,” even from fiat-backed stablecoins, which are cryptocurrencies pegged to reserve assets like the U.S. dollar.

Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin.

U.S.-based crypto exchange Coinbase surprised industry watchers by showing a preference for one stablecoin over another. Specifically, the company has encouraged customers to convert their USDT stablecoin to USDC.

Nasdaq-listed cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) has thrown its weight behind USD Coin (USDC), the stablecoin issued by Circle, in a broadside against Tether, the issuer of the world's largest stablecoin USDT. "The events of the past few weeks have put some stablecoins to the test and we've seen a flight to safety," Coinbase said in a blog post, adding: "We believe that USD Coin (USDC) is a trusted and reputable stablecoin.

Recently, there has been a significant amount of worry over the credibility of Tether (USDT). In a most recent turn of events, controversy seems to be brewing in the industry as a result of Coinbase publishing a blog post that criticizes USDT and urges users and investors to migrate to its competitor, USD Coin (USDC).

The drama surrounding FTX and Binance continues to unfold as new text messages emerge that show what went on behind the scenes as the exchange crumbled. The post CZ accused SBF of trying to depeg USDT though Alameda appeared first on CryptoSlate.

According to a blog post published on December 8, Coinbase is encouraging its users to exchange their Tether (USDT) holdings for USD Coin (USDC). The US-based exchange claims that recent events have demonstrated that during volatile times, clients require stability and trust in fiat-backed stablecoins.