USDC

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<ul class="news-points"> 
 <li><strong>Tether strategist Gabor Gurbacs has called out Coinbase for its recent comments regarding USDC.</strong></li> 
 <li><strong>Gurbacs took issue with Coinbase referring to rival USD Coin’s yield as rewards.</strong></li> 
 <li><strong>The Tether strategist highlighted similar concerns regarding Coinbase and USDC earlier this year.</strong></li> 
</ul> 
<p>Gabor Gurbacs, a strategist and advisor for stablecoin giant Tether Holdings, has called out <a href="https://coinedition.com/tag/coinbase-news/" rel="noopener noreferrer nofollow">crypto exchange Coinbase</a> for its recent comments regarding the yield of USD Coin (USDC). The Tether strategist questioned Coinbase’s categorization of rival stablecoin USDC’s yield as rewards.</p> 
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   <p lang="en" dir="ltr">I am not sure why Coinbase uses the word “rewards” is used in their USDC yield product when the underlying investment is clearly treasuries which pay “yield”/“interest” which is shared from the Centre Consortium to Circle and Coinbase to the customer in a structured product. <a href="https://t.co/TD5fb6lIrU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TD5fb6lIrU</a></p>— Gabor Gurbacs (@gaborgurbacs) <a href="https://twitter.com/gaborgurbacs/status/1686850908678762497?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 2, 2023</a> 
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<p>Coinbase took to Twitter earlier today to announce that users who hold USDC on the crypto exchange would earn 4.6% rewards on the stablecoin. Gurbacs took issue with Coinbase referring to USDC’s yield products as rewards and highlighted that t…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/tether-strategist-calls-out-coinbase-over-rival-usdcs-yield-product/">Tether Strategist Calls Out Coinbase Over Rival USDC’s Yield Product</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Tether Strategist Calls Out Coinbase Over Rival USDC’s Yield Product

Coin Edition

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