#BinanceEarnYieldArena USDC (from Circle) and USDT (from Tether) are the two largest stablecoins with a combined market capitalization of over $100 billion. Despite their similarities, they have key differences.

**USDC:**

- Full audited transparency of reserves (Treasury bonds, cash).

- Strong regulatory position (licenses in the US, EU).

- Grows slower but is considered more reliable.

**USDT:**

- Dominates in liquidity and trading volumes.

- Less transparency (history of incomplete backing).

- More widely used in DeFi and on Asian