Crypto News Today Live Updates December and Latest News: (9 December 2022) The global crypto market printed green indexes on Friday morning. The cumulative market cap is up 2.34% to stand at $859 billion. However, its 24 hour trading volume is up by 2% to stand at $37.6 billion.
However, Coinbase made a big announcement supporting the Stablecoin, USDC. It asked the users to convert USDT to USDC. The crypto platform will be waiving the fees for all users converting USDT to USDC.
Tether CTO Criticizes Coinbase's New announcement
Tether CTO Paolo Ardoino criticized the decision of COINBASE to ask its users to convert USDT to USDC. Other Twitter users have also questioned the move by Coinbase.
On-chain data indicates that USDT is the third-most widely traded digital asset on Coinbase, representing 5% of the volume on the crypto exchange.
Coinbase To Support USDC Over USDT
Coinbase made a big announcement supporting the Stablecoin, USDC. It asked the users to convert USDT to USDC. The crypto platform will be waiving the fees for all users converting USDT to USDC. Meanwhile, BINANCE delisted all USDC trading pairs.
Crypto Market Recovers
The global crypto market printed green indexes on Friday morning. The cumulative market cap is up 2.34% to stand at $859 billion. However, its 24 hour trading volume is up by 2% to stand at $37.6 billion.