Stablecoin Comparison: USDT vs USDC
USDT (Tether) and USDC (USD Coin) are leading stablecoins in the crypto market, each with unique characteristics that appeal to different types of investors. Below is a comprehensive comparison highlighting key differences, market positioning, transparency, regulatory compliance, transaction volumes, and implications for investors. Market Capitalization
USDT: As of late 2024, USDT has a market capitalization exceeding $100 billion, making it the most traded and accepted stablecoin. USDC: Holds a market cap of approximately $30 billion, significantly smaller but showcasing substantial growth potential, especially among institutional users. Transparency of Reserves
USDT: Tether claims to be backed 100% by reserves but has faced historical scrutiny regarding the nature of its backing. An investigation in 2021 revealed that only a portion of its reserves were in fiat currency (around 27.6% at one time). Show Less
