usdc and usdt | BTCC Knowledge

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What is the difference between USDT and USDC?

Like USDT, USD Coin can be sent and received by any wallet or exchange that is ERC-20 ( Ethereum) compatible, along with many other blockchains such as Algorand, Stellar, Binance Smart Chain, Hedera, Tron, Solana, and more. USDC often ranks in the top 10 of all cryptocurrencies in terms of market cap and daily trading volume, behind that of USDT.

What is Tether (USDT) and USD Coin (USDC)?

Over the last few years, stablecoins such as Tether (USDT) and USD Coin (USDC) have become incredibly popular ways to interact with the cryptocurrency industry while remaining insulated from the price fluctuations many cryptocurrencies are known for.

What is USDC (USDC)?

What is USDC? USDC is a stablecoin created by Coinbase and Circle in 2018. Like USDT or any other USD-backed token, its price remains fixed at $1. The coin is governed by the Centre Consortium, which oversees the technical and financial standards for the stablecoin and ensures that there is transparency around a true 1-to-1 backing.

What is USDT & how does it work?

USDT allows anyone to transact cheaply and quickly, and earn interest on decentralized finance protocols. It also gives merchants a way to accept cryptocurrency payments denominated in fiat, without the need for taking on market risk associated with accepting payments in the form of more volatile cryptocurrencies.