{"id":7169,"date":"2024-06-28T11:16:09","date_gmt":"2024-06-28T11:16:09","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=7169"},"modified":"2025-12-15T16:13:09","modified_gmt":"2025-12-15T16:13:09","slug":"usdc-vs-usdt","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/usdc-vs-usdt\/","title":{"rendered":"USDC vs. USDT: Differences Between USD Coin and Tether Explained"},"content":{"rendered":"\n<p>Heated debates on USDC vs USDT have been common in the crypto space for the last few years. In this article, we\u2019ll break down this topic for you.<\/p>\n\n\n<div class=\"text-bg-color-border\" id=\"block_c95d8bbc45db8c0ff325b75ec848c373\">\r    <div class=\"text-bg-color-border__content\">\r        <h2><b>Key Takeaways<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The stablecoin market has been growing rapidly since 2020, with high demand for the ones backed by fiat currencies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">USDC offers the best transparency among the stablecoins.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">USDT provides the best liquidity among the stablecoins. <\/span><\/li>\n<\/ul>\n    <\/div>\r<\/div>\n\n\n<p>High and unpredictable price fluctuations are not new to the crypto market. To prevent this <a href=\"https:\/\/paybis.com\/blog\/glossary\/volatility\/\">volatility<\/a> from affecting the value of their <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-a-digital-asset\/\">digital assets<\/a>, traders and investors park their funds in stablecoins like USDC and USDT.<\/p>\n\n\n\n<p>For example, converting tokens to stablecoins during a <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-a-bear-market\/\">bear market<\/a> can help to reduce the negative impact on one\u2019s portfolio. Not just that, having stablecoins allows you to buy back crypto tokens once the market bounces back from its lows.<\/p>\n\n\n\n<p>From October 2020 till April 2024, the stablecoin transfer volume has surged from <a href=\"https:\/\/cointelegraph.com\/news\/stablecoin-transfer-volume-16x-increase-4-years\">$100 billion<\/a> to over $1.6 trillion. This 1500%+ volume growth around 3.5 years strongly indicates the increasing demand for stablecoins.<\/p>\n\n\n<div class=\"useful-links\" id=\"block_839cdbb6d596ca0c667b7c2fcbb9b93a\">\r    <h2>Useful links<\/h2>\r    <ul>\r                <li><a href=\"https:\/\/paybis.com\/buy-tether\/\" target=\"\">\r                Buy USDT            <\/a><\/li>\r                <li><a href=\"https:\/\/paybis.com\/buy-usd-coin\/\" target=\"\">\r                Buy USDC            <\/a><\/li>\r                <li><a href=\"https:\/\/paybis.com\/sell-usdc\/\" target=\"\">\r                Sell USDC            <\/a><\/li>\r                <li><a href=\"https:\/\/paybis.com\/sell-usdt\/\" target=\"\">\r                Sell USDT            <\/a><\/li>\r            <\/ul>\r<\/div>\r\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_6ov0z6w9zcxp\"><\/a>USDC vs. USDT: An Overview<\/h2>\n\n\n\n<p>As of June 2024, the overall stablecoin market was valued at around $162 billion, out of which USDC and USDT constituted almost <a href=\"https:\/\/defillama.com\/stablecoins\">90%<\/a> of the valuation. Apart from USDC and USDT, the stablecoins with over $1 billion market cap are limited to DAI, FDUSD, and USDe.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"1648\" height=\"746\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-1.png\" alt=\"overall stablecoin market chart\" class=\"wp-image-7170\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-1.png 1648w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-1-300x136.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-1-1024x464.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-1-150x68.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-1-768x348.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-1-1536x695.png 1536w\" sizes=\"auto, (max-width: 1648px) 100vw, 1648px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-1.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/defillama.com\/stablecoins\">DefiLlama<\/a><\/p>\n\n\n\n<p>Following the dominance and demand for USDC and USDT, a common question emerges: Which one is the best? In this article, we\u2019ll analyze all the aspects related to USDC vs USDT to clarify any doubts or confusion you may have.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_jpaeafjrnki\"><\/a>What is Fiat-Currency Backed Stablecoin?<\/h2>\n\n\n\n<p>Fiat currency, or fiat-backed stablecoin, is one among different types of stablecoins where fiat currencies like the US dollar and euro are pegged. Here, the stablecoin issuers aim to maintain the unit value of the pegged traditional fiat currencies like 1$ for USD stablecoins, 1\u20ac for EUR stablecoins, etc.<\/p>\n\n\n\n<p>According to CoinGecko\u2019s 2023 report, USD stablecoins constitute 98.9% of the total fiat-backed stablecoins valued at around <a href=\"https:\/\/www.coingecko.com\/research\/publications\/stablecoins-statistics\">$137 billion<\/a>. EUR stablecoins, the second most available fiat-based stablecoin, are only valued at $414.7 million.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-2.png\" alt=\"USD Stablecoins dominates with 98.9% share, over all fiat currencies\" class=\"wp-image-7171\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-2.png 800w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-2-300x300.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-2-150x150.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-2-768x768.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-2.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/www.coingecko.com\/research\/publications\/stablecoins-statistics\">CoinGecko<\/a><\/p>\n\n\n\n<p>A company or entity mints fiat-currency backed stablecoins and supplies them through their platform or using crypto exchanges. Here, the financial reserves that back the stablecoins are held in regulated financial institutions in the form of cash, short-term deposits, cash equivalents, etc.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_cahu1gscchzr\"><\/a>What are USDC Stablecoins?<\/h2>\n\n\n\n<p><a href=\"https:\/\/whitepaper.io\/document\/716\/usd-coin-whitepaper\">USD Coin (USDC)<\/a> is a US dollar-pegged stablecoin developed initially by an organization called Centre Consortium, which was founded by Circle and Coinbase in 2018. In August 2022, Centre Consortium was <a href=\"https:\/\/www.circle.com\/blog\/ushering-in-the-next-chapter-for-usdc\">shut down<\/a>, which provided Circle complete control over the governance and issuance of USDC tokens.<\/p>\n\n\n\n<p>USD Coin is the second largest stablecoin based on USDC market capitalization after Tether. In March 2021, <a href=\"https:\/\/usa.visa.com\/about-visa\/newsroom\/press-releases.releaseId.17821.html#:~:text=Partnerships%20and%20Events-,Visa%20Becomes%20First%20Major%20Payments%20Network,Transactions%20in%20USD%20Coin%20(USDC)&amp;text=With%20the%20direct%20acceptance%20of,%2D%2D(BUSINESS%20WIRE)%2D%2DMar.\">Visa<\/a> allowed the usage of USDC to complete payment transactions with the support of its partner, Crypto.com.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_qdnanfjyc0an\"><\/a>History of USDC<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>May 2018:<\/strong> Announcement of USD Coin stablecoin project.<\/li>\n\n\n\n<li><strong>September 2018:<\/strong> USDC was officially launched on September 26, 2018.<\/li>\n\n\n\n<li><strong>December 2019:<\/strong> USD Coin reached a market cap of $500 million.<\/li>\n\n\n\n<li><strong>July 2020:<\/strong> Achieved a milestone of $1 billion within two years of its launch.<\/li>\n\n\n\n<li><strong>February 2022:<\/strong> Surpassed $50 billion market capitalization.<\/li>\n\n\n\n<li><strong>November 2023:<\/strong> The market cap of USD Coin fell below $24 billion from its highest market cap of over $55 billion in June 2022.<\/li>\n\n\n\n<li><strong>February 2024:<\/strong> Discontinued USDC tokens on the TRON blockchain.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_psx3mnezx3gy\"><\/a>What are USDT Stablecoins?<\/h2>\n\n\n\n<p><a href=\"https:\/\/assets.ctfassets.net\/vyse88cgwfbl\/5UWgHMvz071t2Cq5yTw5vi\/c9798ea8db99311bf90ebe0810938b01\/TetherWhitePaper.pdf\">Tether (USDT)<\/a> is a stablecoin that was launched in 2014 and pegged 1:1 with the US dollar to maintain its price close to one US dollar. USDT is also the first stablecoin to achieve the milestone of <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/03\/04\/tethers-usdt-stablecoin-touches-100b-market-cap-benefiting-from-crypto-trading-frenzy\/\">$100 billion<\/a> in market cap in March 2024.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"1614\" height=\"638\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-3.png\" alt=\"total USDT Circulating\" class=\"wp-image-7172\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-3.png 1614w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-3-300x119.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-3-1024x405.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-3-150x59.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-3-768x304.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-3-1536x607.png 1536w\" sizes=\"auto, (max-width: 1614px) 100vw, 1614px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-3.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/defillama.com\/stablecoin\/tether\">DefiLlama<\/a><\/p>\n\n\n\n<p>USDT is one of the crypto tokens most favored for transaction, storage, and access to <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-dapp\/\">dApps<\/a> due to its stable nature. For example, on June 21, 2024, USDT on Tron <a href=\"https:\/\/x.com\/lookonchain\/status\/1804006820585050559\">surpassed<\/a> the average daily trading volume of Visa.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"580\" height=\"379\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-4.jpeg\" alt=\"\" class=\"wp-image-7173\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-4.jpeg 580w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-4-300x196.jpeg 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-4-150x98.jpeg 150w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-4.jpeg&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/x.com\/lookonchain\/status\/1804006820585050559\">X<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_g4aiw024wlng\"><\/a>History of USDT<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>October 2014:<\/strong> Originally launched as Realcoin by its founders Reeve Collins, Brock Pierce, and Craig Sellars.<\/li>\n\n\n\n<li><strong>November 2014:<\/strong> Tether\u2019s CEO Reeve Collins renamed their stablecoin to Tether (USDT).<\/li>\n\n\n\n<li><strong>January 2015:<\/strong> USDT gets its initial listing on the Bitfinex exchange.<\/li>\n\n\n\n<li><strong>April 2019:<\/strong> Tether Limited, along with Bitfinex exchange, faced a court order following an illegal $850 million loss cover-up.<\/li>\n\n\n\n<li><strong>February 2021:<\/strong> Tether Limited and Bitfinex exchange agreed to pay a penalty of $18.5 million for their cover-up charges.<\/li>\n\n\n\n<li><strong>April 2021:<\/strong> Tether reaches $50 billion market cap for the first time.<\/li>\n\n\n\n<li><strong>October 2021:<\/strong> The Commodity Futures Trading Commission (CFTC) filed charges against Bitfinex and Tether for not maintaining 100% reserve assets as claimed and fined a penalty of $41 million.<\/li>\n\n\n\n<li><strong>April 2024:<\/strong> Tether surpassed a $110 billion valuation on April 24, 2024.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_mejc6he8yam7\"><\/a>USDT vs. USDC<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-7169-_5chnhwc8ivqj\"><\/a>Difference Between USDC and USDT<\/h3>\n\n\n\n<p>The major differences between USDC and USDT can be identified by comparing factors such as the following.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_z0kjp9y4iec7\"><\/a>Market Dominance<\/h4>\n\n\n\n<p>Tether (USDT) was launched in July 2014, whereas USD Coin (USDC) was launched in September 2018. The earlier inception of Tether tokens, with over 4 years of existence in the market compared to USDC, has helped USDT to gain market dominance.<\/p>\n\n\n\n<p>As of June 2024, the market capitalization of USDT exceeds <a href=\"https:\/\/coinmarketcap.com\/view\/stablecoin\/\">$112 billion<\/a>, compared to USDC&#8217;s market cap of approximately $33 billion. USDT dominates the total stablecoin market, representing nearly 68% of the market cap, while USDC accounts for about 20%.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"720\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-5.png\" alt=\"tp[ stablecoin tokens by market capitalization\" class=\"wp-image-7174\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-5.png 2048w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-5-300x105.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-5-1024x360.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-5-150x53.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-5-768x270.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-5-1536x540.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-5.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/coinmarketcap.com\/view\/stablecoin\/\">CoinMarketCap<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_o43wh1y2jol1\"><\/a>Transparency<\/h4>\n\n\n\n<p>Tether has finally learned from its past asset reserve transparency-related criticisms. At present, all USDT assets, liabilities, net circulation, etc, are available on their <a href=\"https:\/\/tether.to\/en\/transparency\">website<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"577\" height=\"478\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-6.jpeg\" alt=\"tether tokens in circulation\" class=\"wp-image-7175\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-6.jpeg 577w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-6-300x249.jpeg 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-6-150x124.jpeg 150w\" sizes=\"auto, (max-width: 577px) 100vw, 577px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-6.jpeg&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/tether.to\/en\/transparency\/?tab=usdt\">Tether<\/a><\/p>\n\n\n\n<p>USDC has a good<a href=\"https:\/\/www.circle.com\/en\/transparency\"> history <\/a>when it comes to its transparency policies regarding the assets that back its stablecoin. The asset reserves composition, including the circulating value of USDC, reserve asset value, token issuance, and redemption, are provided on Circle\u2019s website.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"838\" height=\"1020\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-7.png\" alt=\"USDC balance in circulation and reserves\" class=\"wp-image-7176\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-7.png 838w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-7-246x300.png 246w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-7-123x150.png 123w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-7-768x935.png 768w\" sizes=\"auto, (max-width: 838px) 100vw, 838px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-7.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/www.circle.com\/en\/transparency\">Circle<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_f3t29hatih5b\"><\/a>Reserve Reports<\/h4>\n\n\n\n<p>An Italian-based independent third-party accounting firm, BDO Italia, prepares Tether\u2019s reserve <a href=\"https:\/\/tether.to\/en\/transparency\/?tab=reports\">reports<\/a>. These audit reports are published on their website at the end of every quarter.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"1956\" height=\"906\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-8.png\" alt=\"reserve reports\" class=\"wp-image-7177\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-8.png 1956w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-8-300x139.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-8-1024x474.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-8-150x69.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-8-768x356.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-8-1536x711.png 1536w\" sizes=\"auto, (max-width: 1956px) 100vw, 1956px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-8.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/tether.to\/en\/transparency\/?tab=reports\">Tether<\/a><\/p>\n\n\n\n<p>In contrast to USDT\u2019s quarterly <a href=\"https:\/\/www.circle.com\/en\/transparency#usdc-reports\">reports<\/a>, USDC uploads its audit reports on a monthly basis. Deloitte, one of the Big Four accounting firms, conducts the audits for USDC following the American Institute of Certified Public Accountants (AICPA) standards.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"393\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-9.png\" alt=\"monthly assurance and trasparency\" class=\"wp-image-7178\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-9.png 2048w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-9-300x58.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-9-1024x197.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-9-150x29.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-9-768x147.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-9-1536x295.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-9.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/www.circle.com\/en\/transparency#usdc-reports\">Circle<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_garpp19u5dy7\"><\/a>Reserve Holdings<\/h4>\n\n\n\n<p>Based on Tether\u2019s report of March 31, 2024, its asset reserve exceeded its liabilities value by over $6.2 billion. USDT\u2019s 84% of <a href=\"https:\/\/assets.ctfassets.net\/vyse88cgwfbl\/2JwUN6EeDvWi02CyuQd2nJ\/d7b3b4c3800ec70abd7282cc79fa2973\/ISAE_3000R_-_Opinion_on_Consolidated_Financials_Figures_and_Reserves_Report_31.03.2024_RC134792024BD0043.pdf\">reserve breakdown<\/a> is in cash, cash equivalents, and other short-term deposits, including US Treasury Bills.<\/p>\n\n\n\n<p>According to Circle stablecoin\u2019s report of May 30, 2024, the difference between<\/p>\n\n\n\n<p>USDC in reserve and circulation is valued at around $51 million. The <a href=\"https:\/\/www.circle.com\/hubfs\/USDCAttestationReports\/2024\/2024%20USDC_Examination%20Report%20April%202024.pdf\">reserve assets<\/a> of USDC are stored as cash in Circle Reserve Fund and regulated financial institutions, short-dated US Treasuries, etc.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_31tjfrp1r9dv\"><\/a>Multi-Chain Support<\/h4>\n\n\n\n<p>USDT is available on 13 <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-blockchain\/\">blockchains<\/a> following its inclusion of Celo and Ton blockchains in 2024. However, Tether has <a href=\"https:\/\/tether.io\/news\/tether-makes-strategic-transition-to-meet-community-demands-and-foster-innovation\/\">ceased<\/a> minting USDT tokens on Omni Layer, Kusama, and Bitcoin Cash SLP since August 2023.<\/p>\n\n\n\n<p>On the other hand, Circle supports the <a href=\"https:\/\/paybis.com\/blog\/glossary\/minting\/\">minting<\/a> of USDC tokens on 15 blockchains, including Ethereum, Solana, Base, and more. Circle also offered bridged USDC on Polygon PoS, which they discontinued in November 2023.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_7ntmafyw202d\"><\/a>Token Redemptions<\/h4>\n\n\n\n<p>Tether provides a service to redeem USDT to underlying fiat currency into a user\u2019s verified bank account through their website. However, here, the minimum redemption amount is set to <a href=\"https:\/\/tether.to\/en\/redeem-tethers-to-fiat-currency\/\">$100,000<\/a> following <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-kyc\/\">Know Your Customer (KYC)<\/a>, Counter-Terrorist Financing (CTF), and Anti-Money Laundering (AML) verifications.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"639\" height=\"475\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-10.jpeg\" alt=\"redeem tether to your bank account\" class=\"wp-image-7179\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-10.jpeg 639w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-10-300x223.jpeg 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-10-150x112.jpeg 150w\" sizes=\"auto, (max-width: 639px) 100vw, 639px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-10.jpeg&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/tether.to\/en\/redeem-tethers-to-fiat-currency\/\">Tether<\/a><\/p>\n\n\n\n<p>Circle used to provide USD redemption for retail consumers with a $100 minimum limit through bank wire till November 2023. At present, this service is only available for <a href=\"https:\/\/www.circle.com\/en\/circle-mint#:~:text=Circle%20Mint%20is%20offered%20to,fit%20for%20everyday%20business%20use.\">wholesale distributors<\/a>, enterprise businesses, institutional traders, etc.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"778\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-11.png\" alt=\"access and distribute USDC at scale\" class=\"wp-image-7180\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-11.png 2048w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-11-300x114.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-11-1024x389.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-11-150x57.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-11-768x292.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-11-1536x584.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-11.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/www.circle.com\/en\/circle-mint#:~:text=Circle%20Mint%20is%20offered%20to,fit%20for%20everyday%20business%20use\">Circle<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-7169-_q48vsh6xg4p\"><\/a>Similarities Between USDC and USDT<\/h3>\n\n\n\n<p>Along with varied differences between USDC vs USDT, these two leading stablecoins also have some similarities:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_8qigaqs2e4as\"><\/a>Underlying Asset<\/h4>\n\n\n\n<p>Both USDC and USDT tokens are pegged at 1:1 to the value of the US dollar, allowing them to maintain a price of approximately $1. Moreover, these <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-a-stablecoin\/\">stablecoins<\/a> undergo a minting and burning mechanism to balance the tokens in circulation and reserves.<\/p>\n\n\n\n<p>Tether and Circle ensure that at least 100% of the reserve assets are kept in comparison with the <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-circulating-supply\/\">circulating supply<\/a> of Tether and USD Coin, respectively.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_2csj1hydk61q\"><\/a>High Liquidity and Accessibility<\/h4>\n\n\n\n<p>USDC and USDT, being the top stablecoins that have been successful for years in the crypto space, have good <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-liquidity\/\">liquidity<\/a> in the market. For example, the <a href=\"https:\/\/coinmarketcap.com\/currencies\/volume\/monthly\/\">monthly trading volume<\/a> of Tether and USD Coin in June 2024 is around $1,093 billion and $103 billion, respectively.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1121\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-12.png\" alt=\"paybis price chart\" class=\"wp-image-7181\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-12.png 2048w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-12-300x164.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-12-1024x561.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-12-150x82.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-12-768x420.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-12-1536x841.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-12.png&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p>These stablecoin giants are available for <a href=\"https:\/\/paybis.com\/blog\/best-cryptocurrency-app-for-investing-trading-tracking\/\">trading<\/a> and investing on popular crypto exchanges like Binance, Coinbase, Curve, etc. Not just that, exchanges offer a wide range of trading pairs for USDC and USDT tokens like BTC\/USDT, ETH\/USDC, TON\/USDT, USDC\/USDT, etc.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a id=\"post-7169-_vbcb5zie0gtj\"><\/a>Use Cases<\/h4>\n\n\n\n<p>Both USDC and USDT tokens can be used for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Hedging:<\/strong> During a bear market, investors can swap their digital assets, including volatile cryptocurrencies, for USDT and USDC tokens to limit value depletion.<\/li>\n\n\n\n<li><strong>Trading:<\/strong> Investors and traders can use the liquid USDC and USDT tokens to trade to avoid high price slippage.<\/li>\n\n\n\n<li><strong>Payments:<\/strong> USDT and USDC can be used to complete payment transactions on supported platforms.<\/li>\n\n\n\n<li><strong>Global Transactions:<\/strong> USDC and USDT tokens facilitate instant cross-border transactions with lower fees.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_8j6z48edt83o\"><\/a>USDC vs. USDT: Major Depegging Incidents<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-7169-_t90vt5xsa4n3\"><\/a>USD Coin (USDC) Depegging Incidents<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>March 2023:<\/strong> The collapse of Silicon Valley Bank, where Circle had around <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/mar\/11\/usd-coin-depeg-silicon-valley-bank-collapse\">$3.3 billion<\/a> reserve assets backing USDC, led to the de-pegging of USD Coin. The price of USDC fell 13% on March 11, 2023, to hit $0.87 and later returned to $0.99 in two days.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"850\" height=\"875\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-13.jpeg\" alt=\"The price of USDC fell 13% on March 11, 2023, to hit $0.87 and later returned to $0.99 in two days\" class=\"wp-image-7182\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-13.jpeg 850w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-13-291x300.jpeg 291w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-13-146x150.jpeg 146w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-13-768x791.jpeg 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-13.jpeg&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/in.tradingview.com\/chart\/a4mZJQyw\/?symbol=BITSTAMP%3ABTCUSD\">TradingView<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>January 2024:<\/strong> The price of USDC <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/01\/03\/usdc-stablecoin-momentarily-depegs-to-074-on-binance\/\">momentarily fell<\/a> three times on Binance on January 03, 2024, following a massive crypto market sell-off based on negative rumors around SEC\u2019s Bitcoin ETF approval. The USD <a href=\"https:\/\/paybis.com\/blog\/glossary\/depeg\/\">depeg<\/a> occurred between 12:10 and 12:21 UTC, going as low as $0.74, and recovered back to around $1.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"825\" height=\"873\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-14.jpeg\" alt=\"The USD depeg occurred between 12:10 and 12:21 UTC, going as low as $0.74, and recovered back to around $1.\" class=\"wp-image-7183\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-14.jpeg 825w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-14-284x300.jpeg 284w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-14-142x150.jpeg 142w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-14-768x813.jpeg 768w\" sizes=\"auto, (max-width: 825px) 100vw, 825px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-14.jpeg&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/in.tradingview.com\/chart\/a4mZJQyw\/?symbol=BITSTAMP%3ABTCUSD\">TradingView<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-7169-_v3qqpgqeyjum\"><\/a>USDT Depegging Incidents<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>May 2022:<\/strong> USDT depegged to a low of $0.92 on Kraken on May 12, 2022, due to a sell-off due to the collapse of stablecoin TerraUSD. However, the price went back to around $1 within a day.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"844\" height=\"867\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-15.jpeg\" alt=\"USDT depegged to a low of $0.92 on Kraken on May 12, 2022, due to a sell-off due to the collapse of stablecoin TerraUSD. However, the price went back to around $1 within a day\" class=\"wp-image-7184\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-15.jpeg 844w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-15-292x300.jpeg 292w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-15-146x150.jpeg 146w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-15-768x789.jpeg 768w\" sizes=\"auto, (max-width: 844px) 100vw, 844px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-15.jpeg&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/in.tradingview.com\/chart\/a4mZJQyw\/?symbol=BITSTAMP%3ABTCUSD\">TradingView<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>November 2022:<\/strong> The price of USDT fell to around <a href=\"https:\/\/www.coindesk.com\/markets\/2022\/11\/10\/tethers-usdt-stablecoin-slips-from-1-peg\/\">$0.97<\/a> on numerous exchanges, including Coinbase, on November 10, 2022, following the FTX issue. Fortunately, the price returned to its normal price in the next few trading days.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"845\" height=\"875\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-16.jpeg\" alt=\"The price of USDT fell to around $0.97 on numerous exchanges, including Coinbase, on November 10, 2022, following the FTX issue\" class=\"wp-image-7185\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-16.jpeg 845w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-16-290x300.jpeg 290w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-16-145x150.jpeg 145w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2024\/06\/word-image-7169-16-768x795.jpeg 768w\" sizes=\"auto, (max-width: 845px) 100vw, 845px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fusdc-vs-usdt%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F06%2Fword-image-7169-16.jpeg&description=USDC+vs.+USDT%3A+Differences+Between+USD+Coin+and+Tether+Explained\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/in.tradingview.com\/chart\/a4mZJQyw\/?symbol=BITSTAMP%3ABTCUSD\">TradingView<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_qu1ibyd917u5\"><\/a>USDT vs. USDC Price<\/h2>\n\n\n\n<p>USDT and USDC have succeeded in maintaining prices close to one US dollar for the vast majority of their time since their launch in 2014 and 2018, respectively. However, there were times when these stablecoin coins failed to maintain their peg by falling or surging their price above $1.<\/p>\n\n\n\n<p>According to the CoinMarketCap comparing the data of USDT vs USDC price:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDT recorded its <a href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-an-ath\/\">all-time high<\/a> of <a href=\"https:\/\/paybis.com\/price\/tether\/\">$1.22<\/a> on February 25, 2015, and created an all-time low of $0.5683 on March 02, 2015.<\/li>\n\n\n\n<li>USDC had its all-time high of <a href=\"https:\/\/paybis.com\/price\/usd-coin\/\">$2.35<\/a> on November 16, 2021, and on March 11, 2023, this stablecoin created its all-time low of $0.8774.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7169-_dxf91a43sh31\"><\/a>Conclusion<\/h2>\n\n\n\n<p>Tether and USD Coin undoubtedly dominate the stablecoin market, leading to debates and discussions on USDC vs USDT among crypto community members. Both these stablecoins went through several depeg incidents but strongly regained back to their $1 price level.<\/p>\n\n\n\n<p>USDT is a good option for those who are looking for more liquid and adopted stablecoins. On the other hand, transparency and regulation seekers can use USDC tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heated debates on USDC vs USDT have been common in the crypto space for the last few years. In this article, we\u2019ll break down this topic for you. High and unpredictable price fluctuations are not new to the crypto market. To prevent this volatility from affecting the value of their digital assets, traders and investors [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":7186,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,43,132,194],"tags":[197,198,214],"businesses_tag":[],"class_list":["post-7169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-educational-guides","category-analytical-guides","category-individuals","category-use-cases","tag-fiat","tag-tips","tag-wallets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>USDC vs USDT: Which Stablecoin Wins in 2026? (Compared)<\/title>\n<meta name=\"description\" content=\"Compare market dominance, transparency, and liquidity between USD Coin and Tether. Which stablecoin actually protects your capital?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paybis.com\/blog\/usdc-vs-usdt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USDC vs USDT: Which Stablecoin Wins in 2026? (Compared)\" \/>\n<meta property=\"og:description\" content=\"Compare market dominance, transparency, and liquidity between USD Coin and Tether. 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