USDT vs. USDC: What makes them different? 💡
USDT (Tether) is one of the earliest and most popular stablecoins, accepted on almost every exchange. It's like the "star" of stablecoins because it’s very easy to use for trading. Many people aren’t fully convinced that U.S. dollars truly back USDT, as the company behind it (Tether) has sometimes lacked transparency about its reserves.
USDC (Coin) came later but has gained more trust. Because it’s regularly audited by third parties, meaning outside firms check and confirm that everything is in order. Plus, by 2024, USDC has expanded across 16 different blockchains, making it more widely available and easier to use.
In short, USDT is popular and easy to use, but there are doubts about transparency. USDC is transparent and regularly audited but a bit less popular than USDT.
Both are important in connecting traditional finance with crypto. So, which would you pick? Alex didn’t choose, Alex took both ^^
