Price movements on cryptocurrency exchanges are very volatile and very susceptible to global issues. The rapid rise and fall of crypto prices is one of the attractions for some crypto investors to trade and make quick profits. However, on the one hand, the volatility of crypto prices makes it difficult to use as a store of value.

Stablecoins were created to overcome this problem. It combines the advantages of crypto assets and fiat currencies. Namely, fast transaction processing and security/privacy of crypto assets, but with a stable value. USDT and USDC are stablecoins that are widely used on cryptocurrency exchanges today. To find out what the differences are between USDT and USDC, you can read the following article.

Article Summary

USDT and USDC are crypto assets whose value is equivalent to the US dollar. In other words, the value of 1 USDT or 1 USDC is equal to 1 US dollar. Both have a stable value compared to other crypto assets, so they are categorized as stablecoins.

USDT was launched in 2014 and issued by Tether Limited, while USDC was launched in 2018 by Centre, a partnership between Circle and Coinbase.

USDT and USDC are the most popular stablecoins and are often used on various cryptocurrency exchanges in the world. Both have the largest circulating supply as stablecoins at the time of writing (10/10) ranked third and fourth respectively based on data from Coinmarketcap.$USDC