$USDC VS UCDT
Ever wondered about the difference????
USDT (Tether) and USDC (USD Coin) are both stablecoins, meaning each token is meant to always be worth $1 USD.
• USDT is the most widely used stablecoin in the world. It’s supported on many blockchains like Ethereum, Tron, and Solana, and is the most common stablecoin for crypto trading and exchanges, especially in Asia and emerging markets.
However, Tether’s transparency has been questioned in the past. It has been less open about what backs the tokens (cash, bonds, etc.), though it has improved recently.
• USDC is issued by Circle and is known for being very transparent and regulated. It’s fully backed by cash and short-term U.S. Treasury bills, with monthly audits. It’s preferred by U.S.-based and institutional investors and is widely used in DeFi (decentralized finance).
Key difference:
USDT = bigger and faster adoption, but less regulated.
USDC = slightly smaller, but more trusted and transparent.
Both are useful, but your choice depends on whether you prioritize liquidity (USDT) or trust and compliance (USDC).