$USDC $USDC USDT and USDC are two popular stablecoins pegged to the US dollar, but they have distinct differences:

*Key Differences:*

- *Transparency*: USDC is considered more transparent, with monthly attestations verifying its reserves, while USDT provides quarterly reports that are less detailed.

- *Reserves*: USDC is backed by cash and short-term US Treasury bonds, whereas USDT's reserves include cash, cash equivalents, short-term deposits, commercial paper, and other assets.

- *Regulatory Compliance*: USDC adheres to strict US federal regulations, while USDT has faced scrutiny over its reserve management and transparency.

- *Liquidity*: USDT has higher liquidity due to its larger market capitalization and widespread adoption.

- *Market Capitalization*: USDT's market cap exceeds $119 billion, ranking third among all crypto assets, while USDC's market cap is over $35 billion, ranking fifth.