📌 The Difference Between Stablecoins USDT – USDC – USD₁ – USTC
💵 USDT (Tether)
The most popular stablecoin in the market, backed by the US dollar at a ratio of 1:1, and is considered the most traded globally.
💵 USDC (USD Coin)
A stablecoin issued by Circle, backed by cash reserves and American banks, known for its high transparency.
💵 USD₁
A new stablecoin or one associated with specific projects, often aimed at providing a similar alternative to the digital dollar within certain platforms.
💵 USTC (Terra Classic USD)
It was a stablecoin for the Terra project, but it lost its peg to the dollar in 2022 and became price volatile, and is no longer considered safe as a stablecoin.