As one of the many Cryptocurrency users, just like any other assets, who don’t want their assets to be more secure than ever.
With the recent blog post of Coinbase Blog, they strongly justify the stability of USDC over other stablecoins like USDT. Trust and Stability is one of the key features that we as crypto users are looking at, where a coin should be backed with fiat currency like the USD, and cryptocurrencies should be as secure as possible through reserved assets, and COinbase has it via USD. Coinbase believes that USDC is more reputable than the others, whereas these few days, there will be some waiving fees for the retailing crypto users that are converting USDT to USDC. using Coinbase exchange.
USDC and Coinbase
Coinbase co-founded USDC in 2018 and one of their vision is to create a transparent and worldwide system in finance. USDC is rarest than the others since it is backed with a 100% fiat with a dated US treasury bond which was held in the United States, a regulated financial institutions. A 1 USDC for 1 USD, is a key factor that they are guaranteeing their customers that USDC is more stable and trusted.
USDT vs USDC
just like USDC, USDT or tether is also a stablecoin pegged in USD, where 1 USDT is equivalent more or less 1 USD. Reeve Collins, Brock Pierce and Craig Sellars started tether in 2014, it was called Realcoin that time and soon changed its name to tether when it was launched to the public. The company, Tether Limited is the one behind managing its reserves.
Currently, USDT is on the top 3 lists in all coins followed by Ethereum and BTC in the first spot as usual. While USDC is now in seating in the top 5. These lists are based by its volume.
What matters most is to diversify your portfolio whether you are holding stablecoin or crypto. Never put all your assets in one place. If you truly believe what stablecoin and cryptocurrency in the future is what matters most.
USDT to USDC Exchange in Coinbase
According to Coinbase, there is no commission fee or spread when you exchange USDT to USDC. The convertion is determined during the trade execution, where it all depends to the market volatility.
Disclaimer: Please do not base your action towards what you read in this article. This is not a financial advice. For more Information, please visit your responsible and your trusted exchange.
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