What is the difference between usdc and USDT?

While USDT is used more frequently for trading and payments, USDC is often described as a safer stablecoin since Centre makes a greater effort to comply with audits and governmental regulation, and has more transparent, fully-backed reserves. USDC vs USDT at a glance.

What is USDT (USDT) cryptocurrency?

USDT is currently the most traded cryptocurrency in the world, surpassing even Bitcoin in terms of its 24-hour trade volume. In addition, the fact that Tether has been a popular mainstay of the industry for so long has resulted in many exchanges offering the ability to purchase USDT with fiat currencies.

What is usdc and how does it work?

What is USDC? USDC is a stablecoin created by Coinbase and Circle in 2018. Like USDT or any other USD-backed token, its price remains fixed at $1. The coin is governed by the Centre Consortium, which oversees the technical and financial standards for the stablecoin and ensures that there is transparency around a true 1-to-1 backing.

Is USDC a better stablecoin than USDT?

If you want a stablecoin that a company with a strong reputation backs, then USDC might be the right choice for you. However, if you're going to trade on a variety of different exchanges, then USDT might be the better option.