Cryptocurrency Q&A
What is the difference between USD USDC and USDT?
What is the difference between USD USDC and USDT?
SamsungShiningStar
Mon May 13 2024
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9 answers
1719
Ah, indeed, the distinctions between USD, USDC, and USDT are rather intricate. Could you elaborate on the fundamental differences between these three? I'm particularly interested in understanding how USDC and USDT, as stablecoins, differ from traditional USD in terms of their issuance, regulation, and technological underpinnings. Also, how do their respective issuance mechanisms and regulatory statuses impact their trustworthiness and overall market acceptance? I'm eager to gain a deeper understanding of these nuances as they seem to play a pivotal role in the ever-evolving cryptocurrency landscape.
9 answers
BonsaiVitality
Wed May 15 2024
USDT and USDC are both stablecoins.
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CosmicDream
Wed May 15 2024
They aim to maintain a value equivalent to $1.
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IncheonBlues
Wed May 15 2024
However, they differ in several key areas.
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KpopStarlight
Tue May 14 2024
The issuer of USDT is Tether, while USDC is issued by Circle.
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Raffaele
Tue May 14 2024
They also run on different blockchains, affecting their functionality.
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