#BTC
difference between USDT and USDC
1. USDT (Tether)
Issuer: Tether Limited.
Peg: 1 USDT = 1 US Dollar (assumed).
Reserves: Have been controversial due to occasional lack of transparency about what backs each coin.
Usage: The most traded stablecoin globally. Widely used on exchanges, especially those in Asia.
Blockchain: Operates on several networks (Ethereum, Tron, Solana, and others).
Reputation: Strong in terms of adoption, but faces ongoing criticism regarding transparency.
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2. USDC (USD Coin)
Issuer: Circle in collaboration with Coinbase.
• Peg: 1 USDC = 1 US Dollar.
Reserves: Fully backed by cash reserves and short-term U.S. Treasury bonds, and Circle issues periodic reports to confirm this.
Usage: Widely used and considered more transparent than USDT.
Blockchain: Operates on Ethereum and several other networks such as Solana, Polygon, and Arbitrum.
Reputation: Excellent in terms of transparency and regulatory compliance.
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