Which is the better currency, USDT or USDC?

USDT

The cryptocurrency market is usually known for its extreme volatility, with digital assets sometimes reaching all-time highs and other times testing bottoms that have not been seen before. Of course, this extreme volatility does not suit all investors, which is why the need for stablecoins arose as a safe haven for investors, allowing them to keep their digital currencies in the crypto world without significant losses. So, what are stablecoins? What is the difference between USDC and USDT? If you are interested in learning more about this topic, we recommend you continue reading this article to the end.

What are stablecoins?

Stablecoins are defined as currencies whose value is pegged to external assets, such as the US dollar, for example. Therefore, many cryptocurrency traders use stablecoins to remain in the cryptocurrency ecosystem without risking their investment capital due to volatility. The most common stablecoins are definitely USDT, USDC, and BUSD.

What is USDT?

It is one of the most popular and widely used stablecoins, issued by Tether in Hong Kong in 2014, aimed at bridging the gap between the world of cryptocurrencies and fiat currencies. Initially, the currency was named Realcoin, but it was renamed USTether, eventually becoming USDT.