#different The difference between usdt and usdc
- Tether (USDT)
• Market value: $138.31 billion.
• Current price: $0.999.
Tether’s price is fixed at $1 per coin because it is a stablecoin. Stablecoins are pegged to the value of a specific asset such as the dollar. Tether often acts as a middleman when traders switch from one cryptocurrency to another. Instead of going back to the dollar, they use Tether. However, some people are concerned that Tether is not backed by the safety of dollars held in reserve but instead uses a short-term form of unsecured debt, according to Bankrate.