$USDC "The difference between USDT (Tether) and USDC (USD Coin): Transparency, Regulation, and Market Usage"
The difference between USDT (Tether) and USDC (USD Coin) lies in several key aspects, although they are both digital currencies linked to the US dollar (USD):
1. Issuance and issuing body:
- USDT (Tether): Issued by iFinex, it is one of the first stablecoins in the market. It is considered the most used and widespread among stablecoins.
- USDC (USD Coin): Issued by Circle and Coinbase as part of a stablecoin that relies on transparency and regulatory standards.
2. Transparency and auditing:
- USDT: Has a history of doubts about the adequacy of reserves to support each USDT unit, although the company issues financial reports, which are often not independent.
- USDC: Focuses on transparency and is subject to periodic independent audits to ensure complete dollar reserves support the coins.
3. Market usage and adoption:
- USDT: More widespread and traded in the market, widely used in trading and financial operations.
- USDC: Enjoys greater trust among institutions and is increasingly used, especially in environments that require transparency and regulation.