$USDC
The difference between the USDC and USDT currencies (known as "stablecoins") lies in several important aspects related to the issuing entity, level of transparency, and mechanism of backing and reserves.
Here is a detailed comparison:
1. USDT (Tether)
Issuing Entity: Tether Limited
Year of Issuance: 2014
Reserve: It was said to be backed 1:1 by the US dollar, but it later became clear that part of the reserve includes other assets (such as bonds and loans)
Transparency: Tether has faced criticism for a lack of transparency and was forced to pay fines to regulatory bodies in the United States.
Popularity: The most widely used globally among stablecoins in terms of trading volume.
2. USDC
Issuing Entity: Circle in collaboration with Coinbase through an alliance called Centre
Year of Launch: 2018
Reserve: Fully backed by the US dollar or equivalent cash-equivalent assets (often more transparent than Tether)
Transparency: Issues periodic audit reports from well-known accounting firms (such as Deloitte)
Popularity: Less than USDT in trading, but preferred by institutions due to transparency and regulatory compliance.
Which is better?
USDT: Better for quick trading and high liquidity.
USDC: Better for those who care about transparency and lower risks.
If you want long-term use or deal with official entities, USDC is considered a safer option.
On the other hand, if you are trading continuously or on multiple platforms, USDT is more liquid.
The difference between the USDC and USDT currencies (known as "stablecoins") lies in several important aspects related to the issuing entity, level of transparency, and mechanism of backing and reserves.
Here is a detailed comparison:
1. USDT (Tether)
Issuing Entity: Tether Limited
Year of Issuance: 2014
Reserve: It was said to be backed 1:1 by the US dollar, but it later became clear that part of the reserve includes other assets (such as bonds and loans)
Transparency: Tether has faced criticism for a lack of transparency and was forced to pay fines to regulatory bodies in the United States.
Popularity: The most widely used globally among stablecoins in terms of trading volume.
2. USDC
Issuing Entity: Circle in collaboration with Coinbase through an alliance called Centre
Year of Launch: 2018
Reserve: Fully backed by the US dollar or equivalent cash-equivalent assets (often more transparent than Tether)
Transparency: Issues periodic audit reports from well-known accounting firms (such as Deloitte)
Popularity: Less than USDT in trading, but preferred by institutions due to transparency and regulatory compliance.
Which is better?
USDT: Better for quick trading and high liquidity.
USDC: Better for those who care about transparency and lower risks.
If you want long-term use or deal with official entities, USDC is considered a safer option.
On the other hand, if you are trading continuously or on multiple platforms, USDT is more liquid.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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