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USDT vs. USDC: The Battle for Stablecoin Supremacy

Intermediate
Stablecoin
Aug 5, 2024
9 min read
0

Cryptocurrencies have a reputation for being highly volatile, but not all blockchain tokens vary in value. There's a whole class of cryptos, called stablecoins, that prioritize keeping their price as regular as possible. Many of these popular stablecoins, such as USDT and USDC, maintain their price by pegging their value to the United States dollar. However, even if their prices seem similar at a glance, USD-pegged stablecoins aren't identical. If you're interested in learning more about stablecoins, explore this guide to find out the differences between USDT and USDC.

Key Takeaways:

  • USDT is the largest stablecoin in the cryptocurrency market. Also called Tether, it's been operated by the Tether Limited company since 2014.

  • The USDC stablecoin was introduced in 2018. Previously called USD Coin, this crypto is issued by the Centre Consortium, a joint venture between Coinbase and Circle.

  • Explore our guide to discover the differences and similarities between USDT and USDC.

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