In what may signal the beginning of a new phase in the battle for stablecoin dominance, Coinbase, the world’s second-largest crypto exchange by trading volume, is now encouraging its users to swap from Tether's USDT to  Circle's USDC with zero-fee trades.

Coinbase waives conversion fees for its users to ditch their USDT holdings for its co-founded stablecoin, USDC.

America’s largest crypto exchange, Coinbase, doesn’t want its customers to use the Tether stablecoin. It’s instead offering incentives on its own stablecoin, USDC.

Coinbase stock has plunged 81% this year and a whopping 86% since its peak. COIN has actually performed worse than the major cryptocurrencies traded on the exchange.

Coinbase Assets @CoinbaseAssets on Twitter:" Coinbase will add support for Aragon (ANT) and Rocket Pool (RPL) on the Ethereum network. Coinbase only supports the upgraded versions of ANT & RPL, with contract addresses of 0xa117000000f279d81a1d3cc75430faa017fa5a2e & 0xd33526068d116ce69f19a9ee46f0bd304f21a51f, respectively. Trading will begin on or after 9AM PT on 8 December 2022, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our ANT-USD and RPL-USD trading pairs will launch in phases. Support for ANT and RPL may be restricted in some supported jurisdictions."

Coinbase Global Inc. (COIN) CEO Brian Armstong said the company’s revenue will be half or less what it was last year as the crypto exchange struggles amid stark price drops in cryptocurrency prices and continuing ripple effects from multiple bankruptcies this year, including the recent collapse of rival exchange FTX.

Philion says the Coinbase team has refused to communicate with Flare Networks on FLR token distribution.

Many people do not believe Bankman-Fried’s excuse, including the CEO of Coinbase.

The UK needs to beef up its regulation of crypto for public confidence to return to the still reeling sector in the wake of the FTX collapse, Coinbase Vice President for International Policy Tom Duff Gordon said in a podcast interview. “Certainly if you look at the UK for example, one way to restore confidence is to usher in and accelerate some basic regulatory guardrails,” Gordon said in an episode of "Following the Rules" <a href="https://podcasts.apple.com/gb/podcast/following-the-rules/id1619958232?i=1000588950169" target="_blank">released</a>&nbsp;on Tuesday, adding that companies may need to be proactive and seek out regulation. While regulators may not always move as fast as government wants, Coinbase has been engaging with British parliamentarians “across the political divide" through parliamentary groups on crypto and other events, Gordon said, adding that he's been speaking to the lead economic spokesman for the Labour Party, Rachel Reeves.

On Saturday (3 December 2022), Coinbase Co-Founder and CEO commented on the interview that Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder of Alameda Research and co-founder and former CEO of bankrupt crypto exchange FTX, gave to Bloomberg recently at $30 million his Bahamian penthouse apartment.