The main differences between USDC and USDT are the issuing institution, collateral, auditing, circulation supply and supervision. USDC is issued by Circle and Coinbase, is fully backed by U.S. dollars and U.S. government bonds, and is regularly audited by KPMG. USDT is issued by Tether Limited and is said to be backed by U.S. dollars, cash equivalents and other assets, but its collateral composition is opaque and audit reports are limited and incomplete.
The difference between USDC and USDT
USDC and USDT are both stable coins based on the Ethereum blockchain. They are designed to be pegged to the value of the U.S. dollar. While they may seem similar, there are actually some key differences.
Issuing institution:
Collateral:
Audit:
Circulating Supply:
Transaction Fees:
Regulation:
Conclusion:
While USDC and USDT both claim to be pegged to the U.S. dollar, they have key differences in terms of issuing institutions, collateral, auditing, circulating supply, and regulation. These differences may affect its stability, transparency and overall attractiveness to investors.
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