Stable Coins tied to the USD


USDC and USDT are both popular USD-pegged stablecoins, but they have some key differences:

USDC is generally viewed as safer and more transparent:

  • is issued by Circle, and is regulated by the New York State Department of Financial Services. 

  • It's fully backed by cash and short-term U.S. Treasuries, with monthly attestations by an independent auditor.

  • Hundreds of regulated financial institutions(VASPs) in financial centers around the world supporting USDC (Source: Internal data aggregation)

  • 34 leading exchangesavailable in180+ countriessupporting trading and converting USDC, providing liquidity and convertibility to key currency markets around the world (Source: Internal data aggregation)

USDT

  • has a larger (3X) market cap and higher trading volume, making it more widely used for trading and payments. 

  • is issued by Tether Limited and is not regulated by any major financial authority.

  • reserves are more diverse and include other investments, with quarterly attestations.