What is the difference between USDT and USDC in the world of cryptocurrency?

1 answers

• Dec 17, 2021 · 3 years ago
  USDT and USDC are stablecoins that aim to provide stability in the volatile cryptocurrency market. USDT, issued by Tether Limited, has been around longer and is more widely used. However, USDC, issued by Circle and Coinbase, has gained popularity due to its transparency and regular audits. USDT has faced controversies regarding its reserves and some users have raised concerns about its stability. On the other hand, USDC has gained trust from the community due to its 1:1 backing by the US dollar and regular audits. Both stablecoins have their own advantages and it ultimately depends on the user's preference and trust in the issuer.
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