USDC and USDT

[Mia Chloe]

THere is basically no volatility. The difference you see in charts is minimum based on scale only...
they both stay between 0.999 and 1.001 basically all the time...

About a year ago there was some FUD related to USDC , people were expecting it to lose money their reserves in a bank, so the price when to about 0.80 for a few hours. But that was more than 1  or 2 years ago, and USDC never lost peg

+1 for your explanations. Anyways I think similar kind of very tiny shifts in their prices pegged to USD isn't  noticed much in USDT unlike USDC.
Well sometimes I like to say some one with 1000 USDC  has literally 3 digits $999 but some one with 1000 USDT has over a thousand dollars!! It's quite interesting.
Anyways I get your explanation

[_act_]

+1 for your explanations. Anyways I think similar kind of very tiny shifts in their prices pegged to USD isn't  noticed much in USDT unlike USDC.
Well sometimes I like to say some one with 1000 USDC  has literally 3 digits $999 but some one with 1000 USDT has over a thousand dollars!! It's quite interesting.
Anyways I get your explanation

I do not agree with this. What that is letting you people think that USDT is stable than USDC is because everything is paired with USDT on the exchanges. If you compare them both with USD, you will see how they are both not stable at all but almost of the same price with USD.

[Mia Chloe]

I do not agree with this. What that is letting you people think that USDT is stable than USDC is because everything is paired with USDT on the exchanges. If you compare them both with USD, you will see how they are both not stable at all but almost of the same price with USD.

Well it seems you didn't get my point. I didn't outrightly say USDT is more stable than USDC besides they are both pegged to the dollar. My point was USDC most times usually "seems" a little less than USDT in comparison though the difference is far less than a cent almost 100th sometimes

I don't know if you're familiar with trading in any way but if you have some understanding about how Forex works, you'll find out that such kind of very minute price deflection can make it possible for it to be traded against either USDT or the dollar itself. Anyways the difference is that in a case like that volatility would be way low and as a result movement will look more like a consolidation and not a trending market.

[Bobcrypto]

I do not agree with this. What that is letting you people think that USDT is stable than USDC is because everything is paired with USDT on the exchanges. If you compare them both with USD, you will see how they are both not stable at all but almost of the same price with USD.

Well it seems you didn't get my point. I didn't outrightly say USDT is more stable than USDC besides they are both pegged to the dollar. My point was USDC most times usually "seems" a little less than USDT in comparison though the difference is far less than a cent almost 100th sometimes

I don't know if you're familiar with trading in any way but if you have some understanding about how Forex works, you'll find out that such kind of very minute price deflection can make it possible for it to be traded against either USDT or the dollar itself. Anyways the difference is that in a case like that volatility would be way low and as a result movement will look more like a consolidation and not a trending market.

I frequently observe this tiny differences on the market most times but it is insignificant, though it makes it look good to trade both pairs (usdt/usdc) stable coins.
Despite some people thought that usdt may depegge because of Tether suspicions of some business deal that where not transparent, i think that they are well established on the crypto space and may be difficult to see usdt crash

[Stuart]

To everyone with their different opinions and choice over things. USDC and USDT are both stable coins, maybe for one reason of the other, there's preference to these coins.

For me, I use USDT, as a stable coin for trading, and a place to hide in other to maintain the value of any coin I'm holding when there's a little deep or price correction. It also has more trading pairs in exchanges compared with USDC.

Also, I use USDT as a means of storage for my native fiat currency as it has effect when my native currency faces a declination in value.

[CoinHolder]

The total supply of USDC on the Ethereum blockchain has exceeded the market-leading supply of USDT.

According to data from Etherscan, currently USDC's current total supply on Ethereum reaches 40.063 billion, while USDT's total supply on the blockchain stands at 39.828 billion.

There are various reasons for this sudden growth of USDC recently. At the beginning of these reasons, the increase in the usage rate in the DeFi market can be shown.

https://coinmarketcap.com/tr/currencies/usd-coin/

I think a timely post has been made I’ll try to say something from my small song InshaAllah. The total supply of USDC to Ethereum blockchain is now 40.063 billion, which excades USDT supply of 39.828 billion. The increase in USDC’s use in the defi market behind this growth, its more reliability and its popularity in crypto finance is the main reason. USDC is currently creating a strong position in the crypto market. But when I trading I select the USDT. It has become a habit to me. Tell what you think.

[BitMaxz]

Well, mine I only use USDT I do not trade my crypto to USDC for some reasons like the price of USDC is offer way cheaper than USDT in local exchange and P2P even there is a slight differences on the price if you exchange or trade it on a local exchange there is still a huge differences except you exchange it to USD but for other local currencies like yen as an example when you exchange it the slight difference may become a big difference because of offers USDT offers higher than USDC.
The only bad news for USDT they ended support some networks like algorand and EOS. USDC no announcement yet about this but both of them support these networks until just recently USDT ended support of these network.

[BDose]

USDC appears to have gained some ground recently, especially with its increased adoption in DeFi and partnerships with major platforms like Coinbase and Circle. The introduction of features like contactless payments via iPhone and Circle's IPO plans indicate that USDC is focusing on transparency and real-world utility..

On the other hand, USDT remains a dominant force in trading due to its widespread pairing options and liquidity. Despite controversies surrounding its reserves and regulatory scrutiny, a lot of people continue to rely on USDT for its market reach..

[zigabel]

Due to the many issues around USDT in recent times, its become an issue that has really causes the transfer of asset by many persons to what they consider even more stable and that is seen with USDC, this i believe has been the major influence on the volume as stated by OP but before now USDT was and has been always considered the most stable and safe until now that they have got too many situations around them which has to be resolved so as to rebuild that trust in them again if they must get back their volume and market cap.

[Stompix]

I think a timely post has been made I’ll try to say something from my small song InshaAllah. The total supply of USDC to Ethereum blockchain is now 40.063 billion, which excades USDT supply of 39.828 billion. The increase in USDC’s use in the defi market behind this growth, its more reliability and its popularity in crypto finance is the main reason.

It's nothing like that, and it's not about religion either.
USDT has been delisted on a number of exchanges for their European consumers, this since Tether didn't bother to comply with MiCa, so there's nothing fancy about this it's just that 700 million of the wealthiest countries in the world will no longer deal with USDT.

[dkbit98]

I warned people for a long time that this could happen to USDT, but last thing I heard is that Tether is now trying to create totally new regulated stable coin.
I would not trust USDC as good alternative or any other stablecoins, they are all just one step leading to CBDC, maybe one of them becomes CBDC in future.

[Agbe]

It is recently that I am discovered that USDC and USDT are two different stable coins. I was using the both to sell coins and the amounts were the same price and if there is any different it was like $0.0003 so I was not feeling the impact. It was recently that I sent USDC to someone and the person converted it to USDT and they cut almost 2$ then and I USDT is slightly superior to USDC but they are all in the same category. Whenever USDT moves up and down USDC also follow.

[MrSpasybo]

I warned people for a long time that this could happen to USDT, but last thing I heard is that Tether is now trying to create totally new regulated stable coin.

I would not trust USDC as good alternative or any other stablecoins, they are all just one step leading to CBDC, maybe one of them becomes CBDC in future.

Well, since 2021 I've believed that Tether has grown enough to continue to exist and lead the stablecoin sector in the crypto market. Tether proof of reserves is provided regularly, their only issue is the lack of a Big4 audit because these auditing firms haven't dared to delve into the crypto market due to legal risks. Now that the legal situation has become clearer and stablecoins have been accepted, Tether will get this audit support.

USDC is also a good stablecoin, even though it was depegged in the past when several banks in the US went bankrupt due to high interest rate pressure. It has a slightly better legal status than USDT, but neither of them is a CBDC as you're worried about. CBDCs have been removed from the US strategy, it has too many issues that the government hasn't been able to resolve regarding the management model and cash flow circulation.

[densus88]

It is recently that I am discovered that USDC and USDT are two different stable coins. I was using the both to sell coins and the amounts were the same price and if there is any different it was like $0.0003 so I was not feeling the impact. It was recently that I sent USDC to someone and the person converted it to USDT and they cut almost 2$ then and I USDT is slightly superior to USDC but they are all in the same category. Whenever USDT moves up and down USDC also follow.

I also use both stable coins, USDT and USDC. The price difference is not that big. So I think both are commonly used.
However, I do like using USDT, because I am more familiar with it during crypto market transactions, especially CEX.
So honestly I don't think there is a big difference between the two.

[JISAN]

Regardless of supply, USDT is by far the most popular stablecoin. And USDT has the most trading pairs of all centralized exchanges, and I have seen that almost all crypto users transact a lot of USDT. CoinMarketCap analysis shows that USDT has a much higher supply than USDC, yet they are able to keep their ratio at 1:1. So for me, USDT is definitely the best.