What is the difference between the two digital currencies USDT and USDC?

Certainly, here is the difference between the two digital currencies USDT and USDC:

Both are stablecoins pegged to the US dollar, aiming to maintain a stable value of 1 dollar per unit. However, there are significant differences between them:

USDT (Tether):

Issuer: Issued by Tether Limited.

Transparency: USDT has faced criticism due to a lack of full transparency regarding the reserves backing the currency. Although it issues attestation reports, it has not undergone regular full audits.

Regulation: There have been some concerns regarding Tether Limited's compliance with regulations and laws.

Liquidity: USDT is considered the most liquid stablecoin with the highest trading volume in the cryptocurrency market. It is widely available on most trading platforms.

Usage: USDT is regarded as the most commonly used stablecoin in trading among various cryptocurrencies.

USDC (USD Coin):

Issuer: Issued by Circle in collaboration with Coinbase through the Centre Consortium.

Transparency: USDC is more transparent as it is subject to monthly independent audits by major accounting firms to confirm that every token is backed 1:1 by US dollars or equivalent high-quality liquid assets held in regulated financial institutions in the United States.

Regulation: USDC has a good reputation regarding regulatory compliance.