Cryptocurrency Q&A
Should I buy USDT or USDC?
Should I buy USDT or USDC?
Andrea
Sun May 12 2024
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5 answers
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I'm quite new to the cryptocurrency world and am currently exploring stablecoins. I've heard of USDT and USDC and am trying to decide which one to invest in. Could you please explain the key differences between the two? Also, which one do you think has more potential in terms of growth and stability? I'm looking for a safe and reliable option to hold my assets. Would you recommend diversifying by investing in both, or should I stick to one? Your advice would be greatly appreciated.
5 answers
Lucia
Tue May 14 2024
It is backed by a mix of cash, loans, and various other assets, rather than solely US dollars.
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HanbokElegance
Tue May 14 2024
Because of its full collateralization, USDC is generally considered to be safer than USDT.
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EtherWhale
Tue May 14 2024
USDC is a cryptocurrency that is fully collateralized.
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Tommaso
Tue May 14 2024
This means that for every USDC token in circulation, there is an equivalent amount of US dollars held in reserve.
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GangnamGlitter
Tue May 14 2024
In contrast, USDT is only partially collateralized.
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