$USDC Here are the key differences between USDT (Tether) and USDC (USD Coin):
1. Issuer:
USDT: Issued by Tether Limited.
USDC: Issued by Circle (in partnership with Coinbase).
2. Transparency:
USDT: Criticized for limited transparency and irregular audits.
USDC: Known for regular, audited reports and greater regulatory compliance.
3. Regulatory Compliance:
USDT: Less regulated; faced legal challenges.
USDC: More regulated, aligned with U.S. financial laws.
4. Reserves:
USDT: Backed by a mix of cash, bonds, and other assets.
USDC: Fully backed by cash and short-term U.S. Treasuries.
5. Adoption:
USDT: Higher global usage, especially in trading.
