USDT Vs USDC – Which Stablecoin Should You Use
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USDT Vs USDC Difference: USDT and USDC are both stablecoins linked to the U.S. dollar and serve as payment methods. These currencies have the same value as a dollar, and both have a strong advantage over other cryptocurrencies’ volatility. Furthermore, they offer a direct link to the U.S. dollar, which has historically provided a better return for investors. USDT and USDC are similar in terms of structure, but they do differ in some aspects.
USDC is a stablecoin issued by Coinbase and Circle. It is 100% backed by safe reserve assets, such as cash and short-dated U.S. government bonds. Circle is a licensed money transmitter in 46 states, which helps ensure that the currency is stable. Its value has remained relatively stable since it was first released. USDC is also tied to a larger government and is an excellent option for investors who are interested in buying or selling a commodity.
USDT and USDC are both widely accepted. Both are compatible with a range of wallets. The former is compatible with Ledger, while the latter is compatible with Coinbase Wallet and MetaMask. Both currencies can be staked on supported exchanges, and both offer high staking returns. On some platforms, you can earn up to 8.5% through staking.
USDC is the most widely used currency for businesses and institutions in the United States. Businesses that work with Coinbase might also want to use USDC. Gilded users, on the other hand, may want to use USDC if they want to send invoices.
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DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am only sharing my opinion with no guarantee of gains or losses on investments.
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