Which is more stable USDT or USDC?

Ah, indeed, the question of stability between USDT and USDC is quite intriguing. Could you elaborate on how each of these stablecoins maintains its stability? USDT, as I understand, relies on a reserve mechanism where each token is backed by an equivalent amount of US dollars. This approach seems to provide a solid foundation for its price stability. On the other hand, USDC also claims to be fully collateralized, with its issuance being backed by cash and cash equivalents. How does this difference in collateralization affect the overall stability of these two coins? Moreover, I'm curious about the role of audits and transparency in maintaining the stability of these stablecoins. Does USDT undergo regular audits to ensure the integrity of its reserve? And how does USDC compare in this regard? Understanding these factors could help us assess the relative stability of USDT and USDC. Lastly, I'm interested in hearing your thoughts on the market adoption and liquidity of these two stablecoins. USDT has a significant market share and widespread acceptance, but how does USDC fare in comparison? Does its relative newness or different collateralization method affect its stability in the market?