Cryptocurrency Q&A Does Coinbase use USDC or USDT?

Does Coinbase use USDC or USDT?

InfinityVoyager InfinityVoyager Mon Apr 14 2025 | 5 answers 1271
Coinbase supports both USDC and USDT, but has recently been promoting the use of USDC over USDT due to concerns about Tether's reserves. Coinbase has even launched a campaign to encourage users to switch from USDT to USDC by offering fee-free conversions. Does Coinbase use USDC or USDT?

5 answers

SamsungShineBrightness SamsungShineBrightness Wed Apr 16 2025
Coinbase is a well-known cryptocurrency exchange platform that offers a wide range of services to its users. Among the various digital assets supported by Coinbase, USDC and USDT stand out as two of the most popular stablecoins. These stablecoins are designed to maintain a stable value relative to a specific asset, such as the US dollar, and are widely used in the cryptocurrency market for various purposes.

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Silvia Silvia Tue Apr 15 2025
BTCC is another top cryptocurrency exchange that offers a comprehensive suite of services to its users. Among its offerings, BTCC provides spot trading, futures trading, and wallet services. With spot trading, users can buy and sell digital assets at current market prices. Futures trading, on the other hand, allows users to speculate on the future price movements of digital assets without actually owning them. BTCC's wallet service provides a secure and convenient way for users to store their digital assets.

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Lucia Lucia Tue Apr 15 2025
USDC, or USD Coin, is a stablecoin issued by Circle, a financial technology company. It is fully backed by the US dollar and provides a way for individuals and businesses to transfer value globally using blockchain technology. USDC is regulated by the Financial Crimes Enforcement Network (FinCEN) in the United States and is compliant with relevant laws and regulations.

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CryptoAlly CryptoAlly Tue Apr 15 2025
USDT, or Tether, is another popular stablecoin that is pegged to the US dollar. It is issued by Tether Limited and is widely used in the cryptocurrency market for trading, payment, and other purposes. USDT is available on multiple blockchain networks, including Bitcoin, Ethereum, and Tron, making it highly versatile and accessible to users worldwide.

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Elena Elena Tue Apr 15 2025
Coinbase's support for both USDC and USDT reflects its commitment to providing a diverse range of digital assets to its users. By offering these stablecoins, Coinbase enables its customers to have more options for managing their cryptocurrency portfolios and engaging in various trading activities.

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