As mentioned earlier, the participation of the poloniex platform managed by Circle in the stable currency wars is clear in its decision not to charge the use of USDC on its platform. For the month of November, no trading fees were imposed on this stable currency. According to an email from the poloniex platform, this exempt fee amounted to more than $ 500,000.
They have now decided to extend the duty-free period during the month of December to the BTC / USDC pair, an important trading pair due to its price situation against the composition. Some are trying to get out and some of them are trying to enter. The new easy way to do this is to buy this currency against currencies, then use them on different trading platforms, and poloniex is one of these strategic options.
Strong competition between platforms
With the removal of fees, Pennes remains the most competitive platform with the option to pay fees using its BNB currency, a currency that was issued and sold to pay for launch costs and initial operating costs. Companies such as poloniex were struggling to find ways to compete with large quantities and options on BINANCE. Similarly, some believe that Betkin can simply incorporate any interesting features that alternative currencies have ever dreamed of. Baines simply inserted any other currencies that other platforms were making, including the newly added Paxos Standard, As a kind of support to create a stable stable currency market on the Pennans. The nature of the USDC currency means that there is little that can prevent Baines from adding and listing them in the future.
However, the absence of USDC fees is in sharp contrast to recent moves by Tether, which came after the Bitfinex platform's decision to set up a stable currency buffer, and in its decision had to provide a direct rebate for the USDT currency. Such a refund would cost so much that the author wonders if Tether is deliberately trying to put himself out of business when the likes of Circle and itBit remove trading fees. Circle has taken another step here by offering up to 60 days of free trading primarily with USDC.
Those looking to enter the world of digital currencies have a good chance of Paxos Standard and USDC, because investing in them is relatively easy for those who have conventional bank accounts and access to digital currencies that can be traded on the digital currency platforms.