What are the advantages of using Tether over USDC?

3 answers

• Dec 27, 2021 · 3 years ago
  Tether, also known as USDT, has been one of the most widely used stablecoins in the cryptocurrency market. One advantage of using Tether over USDC is its widespread acceptance and availability on various exchanges. Tether is supported by a large number of exchanges, making it easier for users to trade and transact with this stablecoin. Additionally, Tether has a longer track record and has been around since 2014, which may provide users with a sense of trust and stability.
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• Dec 27, 2021 · 3 years ago
  When it comes to choosing between Tether and USDC, it ultimately depends on your personal preferences and needs. Tether has a higher market capitalization and trading volume compared to USDC, which may indicate a higher level of liquidity. On the other hand, USDC is backed by regulated financial institutions and undergoes regular audits, which may provide users with a greater level of transparency and assurance.
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• Dec 27, 2021 · 3 years ago
  From the perspective of BYDFi, a digital currency exchange, Tether offers several advantages over USDC. Tether has a wider range of trading pairs available on our platform, allowing users to have more options when it comes to trading. Additionally, Tether has a faster transaction confirmation time compared to USDC, which can be beneficial for users who require quick and efficient transactions. However, it's important to note that both Tether and USDC have their own strengths and it's up to the individual user to decide which stablecoin aligns better with their specific needs and preferences.
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