I believe all of the big players in the exchange game here in the US have finally decided its time to phase out Tether from the crypto community.

If Tether had been left with little competition and the rumors surrounding their corruption were to be found true, it would be a major blow to crypto and its prices. Then finally Coinbases business as well would feel the adverse effects of all those events, since its completely dependent on the use and prices of these cryptos.

What better way to lessen the fallout from Tether being exposed and falling apart?? Create your own Stable coin and convince people to move from Tether to your (fee-less) stablecoin which is run by one of the most regulated Exchanges in the world.