USDC

Yield

Coin

<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> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <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> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<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

Otros artículos publicados el 3 ago 2023

FTX Customers Express Disappointment Over Draft Bankruptcy Exit Plan

BlockFi’s Chapter 11 Plan is Conditionally Approved by the US Bankruptcy Court!

Binance Announces Zero-Fee Bitcoin And Ethereum Trading, Bullish For Crypto Market?

X To Add Stock Trading Soon, Crypto Trading Next?

Solana Ranked 9th In Terms Of 24H Users, Faces 3+% Price Drop

Retail Crypto Trading Takes Off in Hong Kong with HashKey Pro Leading the Charge

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!