USDT vs USDC: Comparing Safety Features
The world of crypto is usually a wild and unstable place. Still, in this high-risk market, stablecoins, as their name suggests, remain an inherently stable medium of exchange. The reason is simple. Stablecoins are pegged to the price of another asset — USD, gold, or public stock backed through algorithms or vast reserves, which greatly minimizes their volatility. The stability and convenience that stablecoins offer to the users has led to their dramatic market cap increase exceeding $150 billion. Today, we’ll compare the two most popular stablecoins pegged to the US dollar — USDT vs USDC . We’ll see what their similarities and differences are and understand which works best for most traders. What Is USDT? As of October 2022, Tether(USDT) is the third largest cryptocurrency after Bitcoin and Ethereum. Tether Limited from Hong Kong started trading Tether in 2015, and since then, it has become the stablecoin with the largest market cap of $68 billion. Tether is based on the B...