It can also make clients who use their crypto space move out thereby causing them losses,
Because most people prefer to use USDT.
This is the likely result from this policy change as,
I like to think that cryptocurrency users don’t enjoy it so much when exchanges and the site they operate on are always being subject to stiff regulations. Having to kick out all other stablecoins only to allow USDC? If makes me ask what’s at play here?
What’s the condition for which other stablecoins assets weren’t able to satisfy for which, USDC was able to? It’s just a regulation having to favor indigenous coin and that’s it. Don’t see how they wouldn’t have to comply but, are sure to loss customers in there numbers.