What is the difference between USDT and USDC?

💵⚖️

Both are stablecoins pegged to the US dollar, but there are important differences:

1️⃣ USDT (Tether):

Issued by Tether.

Very popular and widely used in trading.

It has some criticisms regarding transparency and reserves.

2️⃣ USDC (USD Coin):

Issued by Circle in collaboration with Coinbase.

More transparent than USDT, and it is subject to regular audits.

Sometimes preferred for banking uses and decentralized finance (DeFi).

Both aim to maintain a value of 1 dollar, but the difference lies in trust

and reliance.⚠️

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