Someone asked which is more reliable, Usdt or Usdc?

Those who understand know that USDC is more reliable, regulated by the United States, has two auditing firms releasing audit information, and has been more transparent, with the goal of going public. However, not many people are aware of this domestically.

1. Because USDT came earlier, it is more widely used, and most people do not know this information; anyway, everyone uses it and only accepts this.

2. USDC, due to regulatory reasons, cannot cooperate with domestic exchanges, leading to a lack of distribution for USDC. Therefore, USDC is more popular in North American exchanges. Coinbase basically only supports USDC.

I looked at USDT's audit report; it is completely just a self-made PDF, stating that the equivalent amount is what it is, where the money is stored, and how it is distributed, no one knows.

But as long as there is no run on it, USDT can maintain this situation indefinitely. However, if one day some explosive news breaks, it will be hard to say.

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