I am happy to explain the difference between Bitcoin ($BTC ) and Tether ($USDC ):
Bitcoin ($BTC ):
* Decentralized digital currency: not controlled by any central entity, and relies on blockchain technology.
* Scarce currency: there are a limited number of them, which makes them subject to significant fluctuations in value.
* Multiple uses: used as a medium of exchange, as a long-term investment, and as a means of hedging against inflation.
(usdc):
Stable currency: pegged to the value of the US dollar, meaning that the value of USDT is approximately equal to one dollar.
Central currency: controlled by a private company, and backed by reserve assets.
Specific uses: mainly used in trading other digital currencies, and storing value more stably than Bitcoin.
Key difference:
Stability: Bitcoin is volatile, while usdc# is more stable.
Decentralization: Bitcoin is decentralized, while usdc is centralized.
Usage: BTC is used as a currency and payment system, while USDC is mainly used in trading.
Why do people choose each currency?
BTC: Choose by investors looking for big gains in the long term, and users who prefer decentralized currencies.
USDC: Choose by traders who want to avoid price fluctuations, and users who need a stable currency for exchange.
Important Notes:
Regulation: The cryptocurrency market is subject to variable regulation, which may affect the value of the currencies.
