✨What is the difference between USDT and USDC tokens? 🌟
The difference between the two tokens lies in several aspects 🎯, but both are considered "stablecoins" pegged to the value of the US dollar 💵 at a ratio of 1:1 where :
• First: $USDT token 💰:
- It is the first stablecoin to appear in the market 🚀 and the most widely used in terms of trading volume 📈. It aims to maintain a stable value pegged to the US dollar 🎚️.
- Created by Tether Limited 🏢, a Hong Kong-based company closely linked to the Bitfinex trading platform 🌐.
- Launched in October 2014 📅, originally named "Realcoin" and later changed to "USD Tether".
- It relies on reserves of US dollars and other assets 💸, but has faced criticism for not being fully transparent about these reserves in the past ⚠️.
• Second: $USDC 🌍:
- It is a stablecoin pegged to the US dollar 💲, and is considered a direct competitor to USDT, focusing on transparency and regulatory compliance ✅.
- Created by a partnership between Circle and Coinbase 🤝, in collaboration with the Centre Consortium that oversees its development 🛠️.
- Launched in September 2018 🗓️ under the name "USD Coin".
- Managed by regulated companies in the United States 🇺🇸, and its reserves are regularly audited by independent firms like Grant Thornton, which enhances trust in it 💪.
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