What is the difference between USDT and USDC?

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Both are stablecoins pegged to the US dollar, but there are significant differences:

1️⃣ USDT (Tether):

Issued by the company Tether.

Very popular and widely used in trading.

It has faced criticism regarding transparency and reserves.

2️⃣ USDC (USD Coin):

Issued by the company Circle in collaboration with Coinbase.

More transparent than USDT, it is subject to regular audits.

Sometimes preferred for banking and decentralized finance (DeFi) use.

Both aim to stabilize at 1 dollar, but the difference lies in trust

and reliance.⚠️

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