📣 Difference between USDT and USDC

📣 Difference between USDT and USDC

For this article, I would like to present about the subject of what is known as USDT. What is this? And how useful it is to leave each other. If you're ready, let's go see it.

🔸 Get to know USDT

USDT is a stablecoin digital currency that appears on the blockchain. With the full name tether, it was issued by the Hong Kong-based tether company. Its value is referenced to the USD in a 1:1 ratio, meaning that each time a USD is issued, it is kept in USD. in the same number This allows investors holding tether to always be able to exchange their money back to the US dollar.

🔸 Get to know USDC

USDC is a stablecoin digital currency that was released in 2018 by popular exchange coinbase and circle internet financial, which is erc-20 based on the ethereum blockchain. The value of the tokens against the US dollar is in a ratio of 1:1. For every usdc that is produced, $1 is kept in the account.

🔸 Get to know stablecoins

A stablecoin is a type of digital currency that has a fixed value. The value of this currency depends on the underlying asset. which may be a common surname commodity or including digital currency or even the system's own algorithm In addition to the selection of underlying assets, stablecoins also have established reserve ratios.

🔸What is the difference between USDT and USDC?

The two currencies are the same stablecoins, but there are some differences in the details and that is the company that created the coin which results in different things:

- Coin miner usdt is thther limited and usdc coin is mined by center circle and coinbase.

- The type of stable coin of usdt is fiat - collateralized and usdc - fiat -collateralized.

- Backup asset usdt coin is 1usd coin is equal to 1usdt and usdc coin is 1usd coin is equal to 1usdc.

- Year of issue, usdt coins released in 2014, and usdc coins released in 2018, etc.

How are you doing with the information and knowledge presented in this article? Hope this article is helpful for all readers and see you in the next article.

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