$USDC

The core differences between USDC and other mainstream stablecoins (such as USDT, DAI, etc.) are mainly reflected in the following aspects:

1. Issuing entities and backing methods

- USDC: Issued by regulated entities such as Circle and Coinbase, claims to be fully backed 1:1 by USD reserves, short-term government bonds, and other assets, regularly undergoes independent audits, and has high transparency.

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- USDT (Tether): Issued by Tether, early transparency of backing assets was questionable (some reserve composition has been gradually disclosed in recent years), and it has been accused of "over-issuing."

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- DAI: A decentralized stablecoin, generated based on collateral on the Ethereum chain (such as collateralizing ETH and other crypto assets), pegged to the USD, with no direct backing from real assets.