As we previously reported, Circle’s Poloniex participation in the stablecoin wars is evident in their decision to not charge fees on use of USDC on their platform. For the month of November, trades in USDC were not charged any fees at all. According to an e-mail blast from Poloniex, this amounted to more than $500,000 in trading fees not accrued by them.
Now they’ve decided to extend the fee holiday through December on BTC/USDC, a pair that is undoubtedly hot given the price situation with Bitcoin. Some are trying to exit and some are trying to enter, and a newfound easy way to do this is to acquire…