Coinbase will start levying a 0.1% fee for conversions of the stablecoin USDC to US dollars for net conversions above $5 million, as the crypto exchange has recently struggled with its earnings.
Tether and USD Coin are both pegged to the U.S. dollar. But Tether has a messy ownership structure and opaque reserves. USD Coin is a more transparent choice that is firmly backed by big institutions.
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