Coinbase encourages users to switch to USDC stablcoin

The administration of the Coinbase exchange encourages users to switch from Tether (USDT) to Stablecoin USD Coin (SDC).
The press service of the trading platform reported that the conversion can be made without commission. Coinbase believes that the digital currency USDC is much more reliable than USDT, as its issuer Circle regularly publishes financial statements. There is no doubt that USDC is fully backed by real assets.
Recently, the Binance exchange automatically converted user funds in USDC to its BUSD stabelcoin, which caused dissatisfaction for Circle. After that, the capitalization of the Binance token began to grow.

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