The core differences between #常见交易错误 USDC and other mainstream stablecoins (such as USDT, DAI, etc.) are mainly reflected in the following aspects:
1. Issuing entities and backing methods
- USDC: Issued by compliant institutions like Circle and Coinbase, claimed to be fully backed 1:1 by dollar reserves, short-term government bonds, and other assets, regularly subjected to independent audits, with high transparency.
- USDT (Tether): Issued by Tether, with early concerns about the transparency of backing assets (gradually disclosing some reserve compositions in recent years), previously questioned for "over-issuing."
- DAI: A decentralized stablecoin generated based on collateral on the Ethereum chain (such as ETH and other crypto assets), pegged to the dollar, without direct backing by real assets.