In an effort to demonstrate the strength of the reserves behind Circle-owned USD Coin (USDC), Coinbase is eliminating the processing costs for anyone who intends to move to a trusted stablecoin (USDT to USDC). Conversion of USDT to USDC In a blog post posted today, Coinbase claimed that the recent events had put certain stablecoins to the test and caused a flight to safety. The exchange further stated that USD Coin (USDC) is a reliable and trustworthy stablecoin. Starting today, Coinbase would no longer charge fees for worldwide retail clients to transfer USDT to USDC. USDC was co-founded by Coinbase. The post Crypto Exchange Coinbase Urges Users to Change USDT to USDC appeared first on Cryptoknowmics-Crypto News and Media Platform .
$285 Million in Bitcoin Shorts Wiped Out
