Both USDC and USDT are stablecoins pegged to the value of the U.S. dollar, but there are some key differences between them. In simple terms:

🎃 USDC is like a "💰stored value card💰" issued by a large bank and strictly regulated. It is supported by Circle and Coinbase, subject to U.S. laws and audits, and publishes audit reports every month, providing a high degree of transparency and giving people a sense of security and reliability.

🎃 In contrast, USDT is like a store-value card service issued by an earlier established company. Although it is larger in scale, it is not as transparent. USDT is issued by Tether and has been questioned in the past about whether its reserves are sufficient, but because it entered the market earlier and has a huge circulation, it has been widely used in the market, although users may not fully understand all its details.