Stablecoin wars heat up as Coinbase offers fee-free swaps from | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Stablecoin wars heat up as Coinbase offers fee-free swaps from USDT to USDC
Coinbase has called on users to convert their Tether stablecoins to the stablecoin it cofounded, USD Coin — while waiving fees for doing so. The exchange added that USDC delivers monthly attestations and is "always redeemable 1:1 for U.S. dollars.". Now more than ever, stability and trust are of the utmost importance to customers," the crypto exchange said in an official blog post, adding that the ability to swap USDT to USDC at no cost represents a continued effort to give users "safe, responsible ways to hold and grow their crypto. The move by Coinbase may be seen as a shot at Tether's USDT in the so-called "stablecoin wars."
