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TagsWhat are the differences between Tether and USDC in the world of cryptocurrencies?
rushMar 23, 2022 · 3 years ago1 answersCan you explain the key differences between Tether and USDC in the world of cryptocurrencies? How do they differ in terms of stability, transparency, and adoption?
1 answers
- Tether and USDC are both stablecoins in the world of cryptocurrencies, but they have some notable differences. Tether is the most widely used stablecoin and has a larger market capitalization compared to USDC. However, Tether has faced controversies regarding its reserves and transparency. On the other hand, USDC is known for its transparency and regular audits, which provide more confidence in its backing. In terms of adoption, Tether is more widely accepted across various cryptocurrency exchanges, while USDC is gaining popularity and is supported by major platforms like Coinbase. Overall, the choice between Tether and USDC depends on factors like stability, transparency, and adoption.Mar 23, 2022 · 3 years ago
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