Questions
TagsWhat are the differences between USDC and Tether?
Isa100Dec 18, 2021 · 3 years ago1 answersCan you explain the key differences between USDC and Tether? I'm interested in understanding the variations in terms of their underlying technology, stability, and regulatory compliance.
1 answers
- USDC and Tether are both stablecoins, but they have significant differences. USDC is an ERC-20 token built on the Ethereum blockchain, while Tether operates on multiple blockchains. USDC is backed by a reserve of US dollars held in a bank account, which is regularly audited to ensure transparency and stability. Tether, on the other hand, has faced questions about the composition of its reserves and lacks the same level of transparency. USDC is issued by regulated financial institutions, providing users with a more secure and compliant option compared to Tether.Dec 18, 2021 · 3 years ago
Related questions
- 99
How can I buy Bitcoin with a credit card?
- 87
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
How can I protect my digital assets from hackers?
Load 5 more related questions
Related Tags
Hot Questions
- 99
How can I buy Bitcoin with a credit card?
- 87
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
How can I protect my digital assets from hackers?
- 68
What is the future of blockchain technology?
- 48
What are the advantages of using cryptocurrency for online transactions?
- 44
What are the best digital currencies to invest in right now?
- 34
What are the best practices for reporting cryptocurrency on my taxes?
- 16
Are there any special tax rules for crypto investors?