?USDT vs USDC? And why it's important to consider a decentralized stablecoin
USDT (Tether)
Centralized
Issued by Tether Ltd.
Greater global adoption, but less transparent in reserves.
Has faced criticism for lack of clear audits.
USDC (USD Coin)
Also centralized
Issued by Circle and backed 1:1 by USD (with more frequent audits)
But can freeze funds at any time if the issuing entities decide to do so (as has already happened).
Why consider a decentralized stablecoin?
Total control of your funds: no one can freeze them or block your transactions.
Resistance to censorship: ideal for environments where financial sovereignty is prioritized.
Open source and transparent: protocols like DAI (from MakerDAO) operate without control of a single company.
