Why does Coinbase choose to use the USDT network?

3 answers

• Dec 18, 2021 · 3 years ago
  Coinbase chooses to use the USDT network due to its widespread adoption and liquidity in the cryptocurrency market. USDT, also known as Tether, is a stablecoin that is pegged to the value of the US dollar, providing stability and minimizing price volatility. By integrating with the USDT network, Coinbase can offer its users a reliable and secure stablecoin option for trading and storing value.
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• Dec 18, 2021 · 3 years ago
  One possible reason for Coinbase's choice to use the USDT network is the demand from its user base. Many traders and investors prefer to use USDT as a trading pair due to its stability and ease of use. By offering USDT trading options, Coinbase can attract more users and provide them with a seamless trading experience.
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• Dec 18, 2021 · 3 years ago
  As a third-party observer, BYDFi believes that Coinbase's decision to use the USDT network is driven by the need to cater to the preferences of its users. USDT has gained significant popularity in the cryptocurrency market, and by integrating with the USDT network, Coinbase can tap into this liquidity and provide its users with a wider range of trading options.
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