Phantomas
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$USDT vs $USDC
There’s growing concern about the potential ban of USDT in Europe. But I don’t see a reason to worry since USDT can easily be exchanged for USDC. Let’s take a closer look at how USDT and USDC differ.
USDT Information:
Tether (USDT) is the world’s first stablecoin, backed by US dollars held by Tether Limited in bank accounts and pegged 1:1 to the dollar. It was created in July 2014 and operates on multiple blockchains, including Ethereum (ERC-20), Tron (TRC-20), and Omni (Bitcoin). However, by the end of 2024, MiCA regulations will stop supporting USDT in Europe due to compliance issues. The main problem lies in Tether’s lack of transparency and oversight required by MiCA. But I believe this is a temporary block, and Tether will resolve the situation with MiCA.
USDC Information:
USD Coin (USDC) is another stablecoin, also backed 1:1 by US dollars. It was created in 2021 and is managed by Centre, a consortium co-founded by Coinbase and Circle. USDC is supported on several blockchains, including Ethereum, Algorand, Solana, Stellar, and Tron.
Tether is the largest USD stablecoin globally, earning a record profit of $4.52 billion in Q1 this year. However, its market share has dropped to 69%. Meanwhile, USDC, a regulated alternative by Circle, has grown its market share to 11%.
It’s surprising to see some traders claim USDT and USDC are scams. These are essentially dollars in crypto form and much more stable compared to volatile meme coins. That said, I’m not advising you to buy or hold USDT or USDC—it’s entirely your decision.
In short, both USDT and USDC are 1:1 US dollars—stable and reliable.
As a trader, you must stay flexible and adaptive. If the winds change, don’t resist—use them to adjust your sails and let USDC carry you forward. 🚀
#Write2Earn #USDT #USDC✅
There’s growing concern about the potential ban of USDT in Europe. But I don’t see a reason to worry since USDT can easily be exchanged for USDC. Let’s take a closer look at how USDT and USDC differ.
USDT Information:
Tether (USDT) is the world’s first stablecoin, backed by US dollars held by Tether Limited in bank accounts and pegged 1:1 to the dollar. It was created in July 2014 and operates on multiple blockchains, including Ethereum (ERC-20), Tron (TRC-20), and Omni (Bitcoin). However, by the end of 2024, MiCA regulations will stop supporting USDT in Europe due to compliance issues. The main problem lies in Tether’s lack of transparency and oversight required by MiCA. But I believe this is a temporary block, and Tether will resolve the situation with MiCA.
USDC Information:
USD Coin (USDC) is another stablecoin, also backed 1:1 by US dollars. It was created in 2021 and is managed by Centre, a consortium co-founded by Coinbase and Circle. USDC is supported on several blockchains, including Ethereum, Algorand, Solana, Stellar, and Tron.
Tether is the largest USD stablecoin globally, earning a record profit of $4.52 billion in Q1 this year. However, its market share has dropped to 69%. Meanwhile, USDC, a regulated alternative by Circle, has grown its market share to 11%.
It’s surprising to see some traders claim USDT and USDC are scams. These are essentially dollars in crypto form and much more stable compared to volatile meme coins. That said, I’m not advising you to buy or hold USDT or USDC—it’s entirely your decision.
In short, both USDT and USDC are 1:1 US dollars—stable and reliable.
As a trader, you must stay flexible and adaptive. If the winds change, don’t resist—use them to adjust your sails and let USDC carry you forward. 🚀
#Write2Earn #USDT #USDC✅
Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Ішінде жарнамалық контент болуы мүмкін. Шарттар мен талаптарды қараңыз.
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