✅ Comparison between popular stablecoins 1- Creator: 💕 USDC: Centre Consortium (backed by Circle) ♥️ USDT: Tether Limited 2- Year Established: - USDC: 2018
- USDT: 2014 3- Price Peg: - USDC is pegged at a 1:1 ratio to the US Dollar - USDT is pegged at a 1:1 ratio to the US Dollar 4- Market Capitalization (May 2022): - For USDC valued at 49.4 billion dollars - For USDT valued at 79.4 billion dollars 5- Backing: - USDC: Cash and equivalents at 100% - USDT: Backed by liquid debt assets, Treasury bills, and some cash 6- Audit Frequency: - USDC: Monthly - USDT: Irregular 7- Price Risk / Risk of Losing 1:1 Peg: - USDC: Zero due to its 100% redeemable nature supported by always liquid backing. - USDT: There are price risks, but it remains very close to 1 US Dollar due to its redeemability (albeit limited to liquid assets in the short term). 8- Accounting: - USDC: A reliable asset due to zero price risks, regulatory status, and transparent audit reporting. - USDT: Unreliable due to price risks, unclear backing, and unclear regulatory status. $USDC
The situation of the poor in some countries. Koldip (pseudonym) sold cryptocurrencies worth 98,500 rupees through peer-to-peer (P2P) transactions for about 100,000 rupees in 2022, making a modest profit of 1,500 rupees from this deal. He received the full amount in his bank account, and the transaction was conducted through a centralized trading platform. A few weeks ago, he received a notice from the Income Tax Department indicating that he had deposited 100,000 rupees. After presenting screenshots of the peer-to-peer trading and the statement issued by the exchange as evidence, the official requested that he pay a fine of 78% or 78,000 rupees on a profit of 1,500 rupees. 🚨😭Sad news for Indians 😭 🚨 Share with us any country where such strange matters occur #VoteToDelistOnBinance #TrumpTariffs #BTCvsMarkets #PowellRemarks
Currencies that will be deleted, please be cautious 🟥 Binance has announced the first batch of voting results for the deletion of cryptocurrencies and will delete the following currencies 👇 on 2025-04-16
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🔵 It is expected that the White House will reveal today the number of cryptocurrencies that the government holds in the strategic reserve and inventory