Coinbase Waives Fees On Tether-To-USDC Conversion As It Urges Shift To 'Most Dependable Digital Dollar'

Coinbase (NASDAQ: COIN) has urged its customers to switch from Tether (CRYPTO: USDT) to USD coin (CRYPTO: USDC), billing it as the “most dependable and reputable digital dollar.” What Happened: In a blog post on Thursday, Coinbase said that USDC is fully backed with “high-quality reserves.