What is the difference between usdc and usdt

The main differences between USDC and USDT are the issuing institution, collateral, auditing, circulation supply and supervision. USDC is issued by Circle and Coinbase, is fully backed by U.S. dollars and U.S. government bonds, and is regularly audited by KPMG. USDT is issued by Tether Limited and is said to be backed by U.S. dollars, cash equivalents and other assets, but its collateral composition is opaque and audit reports are limited and incomplete.

The difference between USDC and USDT

USDC and USDT are both stable coins based on the Ethereum blockchain. They are designed to be pegged to the value of the U.S. dollar. While they may seem similar, there are actually some key differences.

Issuing institution:

• USDC: Issued by Circle and Coinbase.
• USDT: Issued by Tether Limited.

Collateral:

• USDC: Entirely backed by reserves held in U.S. dollars and other U.S. government bonds.
• USDT: Purported to be backed by U.S. dollars, cash equivalents, and other assets. However, its exact collateral composition is not transparent and has been disputed by Menimbulkan.

Audit:

• USDC: Regularly audited by KPMG.
• USDT: Claims to be audited by a third party, but the audit report is limited and incomplete.

Circulating Supply:

• USDC: As of February 2023, the circulating supply is approximately $45 billion.
• USDT: As of February 2023, the circulating supply is approximately $69 billion.

Transaction Fees:

• USDC: Transaction fees vary by exchange, usually ranging from 0.1% to 0.5% between.
• USDT: Transaction fees also vary from exchange to exchange, typically also ranging from 0.1% to 0.5%.

Regulation:

• USDC: is not yet officially regulated by U.S. regulators.
• USDT: In 2021 Tether Limited reached a settlement agreement with U.S. authorities for allegedly manipulating the price of USDT.

Conclusion:
While USDC and USDT both claim to be pegged to the U.S. dollar, they have key differences in terms of issuing institutions, collateral, auditing, circulating supply, and regulation. These differences may affect its stability, transparency and overall attractiveness to investors.

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