Cryptocurrency Q&A Why is USDT more popular than USDC?

Why is USDT more popular than USDC?

Raffaele Raffaele Sun May 12 2024 | 6 answers 1164
Why is USDT more popular than USDC? It's a question that's been bugging me for quite some time. After all, both are stablecoins, designed to provide stability and a hedge against volatility in the crypto market. So, what gives USDT its edge? Could it be the wider acceptance and integration within the crypto ecosystem? USDT seems to have a more extensive reach, with many exchanges and platforms supporting it. This widespread adoption undoubtedly contributes to its popularity. Or is it the perception of trust and reliability? Perhaps investors and traders view USDT as a more trustworthy option, backed by a solid reputation and track record. And what about the question of regulation? USDC, being more closely regulated, might offer a sense of security to some. But does this regulation actually outweigh the perceived benefits of USDT? I'm genuinely curious to understand the reasons behind USDT's dominance. Is it a combination of factors? Or is there something else that I'm missing? I'd love to hear your thoughts on this, fellow crypto enthusiasts. Why is USDT more popular than USDC?

6 answers

ZenFlow ZenFlow Tue May 14 2024
They have gained widespread adoption across various platforms, including exchanges, wallets, and on-ramps.

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Lorenzo Lorenzo Tue May 14 2024
When comparing the two, USDT generally stands out with a significantly higher market capitalization.

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Stefano Stefano Tue May 14 2024
The circulating supply of USDT is also much larger than that of USDC.

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BlockchainVisionary BlockchainVisionary Tue May 14 2024
USDT and USDC are both popular stablecoins in the cryptocurrency world.

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Sara Sara Tue May 14 2024
Additionally, USDT enjoys a higher trading volume, indicating its widespread use and acceptance.

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