As we previously reported, Poloniex exchange's participation in the stablecoin wars is clear given the exchange's decision not to charge fees for using the USDC token on its platform. In November, USDC trading was carried out without any commissions. According to the exchange, the amount of unaccrued commissions amounted to more than $500,000.
Now the exchange has decided to extend this holiday of generosity into December for the BTC/USDC pair, which is undoubtedly the most interesting for traders, given the price situation with Bitcoin. With many now trying to both enter and exit the market, a new and easy way to do so is to purchase stablecoins with fiat and then use them on various exchanges.
When it comes to fees, Binance remains the most competitive platform, offering users the option to pay fees using the exchange's BNB token. Companies like Poloniex are struggling to find ways to compete with the massive volume and capabilities offered by the Binance exchange.
In any case, the lack of fees in USDC contradicts the recent actions of Tether, which, following Bitfinex's decision to become neutral with stablecoins, was forced to offer direct buyback of USDT.
Those who want to enter the cryptocurrency market have a great opportunity to do so with Paxos Standard and USDC, which can be purchased with traditional funds from bank accounts and traded on various exchanges.
According to ccn.com
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