In the cryptocurrency market, both $USDC and USDT are stablecoins pegged to the value of the US dollar, but their respective characteristics and backgrounds are significantly different.

USDC can be compared to a prepaid card issued by a large financial institution with strong capital. To obtain this card, you need to go through a series of rigorous review processes. USDC is strongly supported by well-known companies such as Circle and Coinbase. In addition, the operation of USDC is strictly regulated by U.S. law, and detailed audit reports are regularly issued, which brings confidence and security to users.

In comparison, USDT resembles a product issued by a long-established prepaid card company. It has a large user base in the market, but may not be as strict as USDC in terms of audit standards and transparency. Although there have been concerns about its capital reserves in the past, USDT has maintained a high level of popularity in the market due to its early entry into the market and broad user base. This is like the prepaid cards we use every day. Although everyone is using them, not everyone may fully understand the mechanism behind them.

Although both USDC and USDT maintain a fixed exchange rate of 1 US dollar to 1 currency, their status in the hearts of users is different. USDC has earned trust due to its high degree of transparency and compliance; while USDT is favored for its good liquidity and broad user base. Both have their advantages, and which one to choose depends more on personal needs and preferences.