USDT vs USDC: Which is The SAFEST Stablecoin?
USDT and USDC are centralized stablecoins backed by the U.S.dollar, and they are the two largest players in the space based on market capitalization. These stablecoins are less volatile than native cryptocurrencies as they are pegged to national currencies, and provide traders with a store of value for their cryptocurrencies between trades.
But…is one better than the other in terms of price stability, reserves, regulation, and safety? We’ll explore all of these in this video so stick around to find out!
Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Article: https://www.coingecko.com/learn/fiat-backed-stablecoins-usdc-vs-usdt
Timestamps:
00:00 Intro
00:32 What are fiat-backed stablecoins?
02:39 Volume and Market Cap
03:39 Price Stability
04:22 Reserves
06:53 Regulation
07:22 Verdict??
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GM Geckos! If you had to choose between these two stablecoins, which one would you go for? USDC or USDT? Let us know in the comments🔥
Easy: Bitcoin
Not once did you mention that USDC is backed by BlackRock. With that said, USDC will be the reigning stablecoin and Tether will implode in the near term.
Usdc
Don't linger in either USDT or USD because neither is really safe. And, Always store in cold wallet to extent you can (no limit orders pending at exchange) Only use for trading as needed. Both are based on worthless first paper backed by nothing and about to be replaced by CDBDCs which is the beginning of end. Get into BTC when it dips below $10k and stay put.
Don't forget, Tether depegged to only .95 cents at some exchange during the Luna fiasco in May of 2022 which is yet nother good example why it is not reliable.
How or why would market cap dictate security? It does not. It may suggest more people have concluded it is a safer stable coin which may explain a higher cap, but that's a presumption not based on fact. We already KNOW USDT lied about USD backing and paid millions in fines as a result.
Usdc for me
You're intelligent and beautiful! 😉 Great info I've wanted to know about for some time now. Fire me, USDC is clearly the winner… the safer stable coin. That was my gut feeling even before watching. How can we be sure either is truly backed dollar for dollar? Thanks so much!!! Great job! 👍
Definitely the safest is USDT! Don't you read the news?
None. PAXUSD DAI LUSD USDA they are the 👍
Stable coins USDT and USDC are backed by US dollars no other currency. All other fiat is garbage.
BUSD
Can't wait for the audit!!!
USDT is definitely more reliable and transparent in terms of supporting reserves.
USDC is my best option
USDT could collapse at any moment because it's not fully backed (in a very fishy way, because it's almost illegal), so USDC is the easy choice here
Use CEX to buy BTC and store it in cold wallet. Remember, if it's not your keys, it's not yours. Keep your seed phrase secured, and check back in 5 years.
Why are you silent on the third alternative BUSD?
None of them is safe because they can be frozen. Go with DAI or BUSD if you want to be safe.
Milhares de pessoas pelo mundo falam apenas português deveriam ter uma versão destes vídeos em nossa língua
It was a description that can't help you judge which one is the safest
All centralized monetary is backed by the people's consent in debt
The paper money has no real value just trust in the corrupt centralized system
Silver and gold has real value
Stable coins pegged are programmable and a digit tool for controlling everyone's finance/money
how can i make a withdrawal on coingecko? please tell me. anyone who wants to tell me.
Neither are safe. They both point towards … CBDCs
USDT for me
I will definitely go for USDC
What about BUSD?
I prefer USDC
usdc
Why would you not make the green jockey USDT 😭 LOL