$USDC
USDC vs USDT: Facts You Might Not Know!
What is #USDC ?
A stablecoin backed 1:1 by the US dollar, issued by licensed financial companies (like Circle). Its benefit? Value stability to avoid market fluctuations!
The shocking difference between it and #USDT :
- Transparency: USDC is subject to regular audits 🔍 while USDT is less transparent despite its market dominance!
- Backing: Both are supported by "reserves", but USDC publishes its reports weekly, while USDT only provides quarterly reports.
Why stablecoins?
They are a "safe haven" from the storms of volatility! Bitcoin can rise or fall 20% daily, but USDC/USDT maintain their value at $1. Ideal for transfers and trading without fear!
> The intriguing question: Do we trust USDC more because of its transparency? Or do you prefer USDT for its higher liquidity? Share your thoughts with us! 👇
