USDC Loses Ground in a USDT-Dominated Market

[tradelikepro]

Coinbase’s decision effectively blocks direct access to USD Coin, the exchange’s flagship regulated stablecoin, for Argentine users. While crypto-to-crypto trading remains available, the absence of a peso on-ramp undermines USDC’s usefulness for everyday savers.

This exposes a deeper mismatch: Argentina’s stablecoin economy overwhelmingly favors Tether’s USDT, which dominates peer-to-peer markets and local exchanges. By prioritizing regulatory alignment over local market behavior, Coinbase has sidelined itself in a region where speed and accessibility matter more than compliance branding.

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feels like coinbase doesnt really wanna compete in markets where speed > paperwork