$USDC
USDC (USD Coin) and USDT (Tether USD) are prominent stablecoins pegged to the US dollar. While both aim to maintain a 1:1 ratio with the dollar, differences in their backing and transparency set them apart. USDC, backed by regulated financial institutions, offers transparency through monthly attestations. In contrast, USDT has faced controversy over its reserve transparency. Investors seeking stability and trust often prefer USDC for its regulatory compliance and clear reserve reporting. Meanwhile, USDT's wider acceptance and liquidity make it a popular choice despite concerns over its backing. Each stablecoin serves distinct needs.
