Coinbase Asks Users to Switch USDT for USDC; More Reported Crypto Layoffs

CoinDesk published this video item, entitled “Coinbase Asks Users to Switch USDT for USDC; More Reported Crypto Layoffs” – below is their description.

Coinbase is waiving the conversion fees for users who wish to switch to a “trusted stablecoin” in a new campaign that highlights the quality of reserves that back Circle-owned USD Coin (USDC). Meanwhile, crypto trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC amid its massive layoff, according to a new Bloomberg report. And Forum3 Co-CEO Adam Brotman joins “The Hash” to discuss connecting the world’s most successful loyalty program with web3.

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CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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