USDC and USDT

[Oxumare]

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/

[KryptoBull]

Tether has always had issues with reserves to guarantee value for USDT, so USDC becomes a better stable coin thanks to the support of Circle and Coinbase. I also transfer part of my USDT to USDC for more peace of mind in this market.

[MrSpasybo]

I am also gradually moving assets from USDT to USDC because USDC is more reliable than USDT. Tether has always had problems with its proof of assets, it will probably be used to create massive FUD in the market and start a crypto winter in 2022-2023.

[pelana vreo]

https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579f
If you have USDC on the Binance exchange, immediately convert to BUSD because soon the binance exchange will no longer support USDC, it looks like Binance is planning to increase the use of stable BUSD coins for transactions

[YoshiGang777]

50/50 in my wallet

[paid2]

50/50 in my wallet

And why not DAI?
Edit: this topic is 2 years old..

[bitmover]

50/50 in my wallet

And why not DAI?
Edit: this topic is 2 years old..

I Think many people fail to understand what DAI is.

It is a decentralized stablecoin, which means that their value id controlled by smartcontracts, without a central authority like Tether or Coinbase behind.

In summary, the project brings the following benefits:

One Dai will always be worth $1.
No government or other centralized authority can shut it down.
No individual can control it.
Like other cryptocurrencies, it can be exchanged directly bypassing all middlemen.
It can be traded freely as any other ERC-20 token.
It brings trustless stability to the volatile crypto ecosystem.
Anyone from any place in the globe can receive and send it just by having an Ethereum wallet.
https://cryptonews.com/coins/dai/#What%20Is%20Dai?

[NikeFit_7777]

Very interesting information. Comparison of two stablecoins. In no way am I trying to convince anyone or impose my point of view. Compare the capitalizations of these coins on Tron. USDChas 300 million, USDT has almost 52 billion. Will USDT be able to give up the throne no! And this means, in the opinion of the attackers, they are not transparent, dubious, accomplices of evil.

[NikeFit_7777]

Circle, a USDC issuer, plans to move its legal headquarters from Ireland to the U.S. amid an upcoming IPO.

P.S. Brave guys, such actions really speak volumes. Not every major campaign would do something like this. 

Source link: https://www.bloomberg.com/news/articles/2024-05-15/usdc-issuer-circle-to-make-us-legal-home-ahead-of-ipo

[bitmover]

Circle, a USDC issuer, plans to move its legal headquarters from Ireland to the U.S. amid an upcoming IPO.

P.S. Brave guys, such actions really speak volumes. Not every major campaign would do something like this. 

Source link: https://www.bloomberg.com/news/articles/2024-05-15/usdc-issuer-circle-to-make-us-legal-home-ahead-of-ipo

I think the future of centralized stable coins is the regulation  . There is no escape. They will all have to fit in the regulations...

Usdc looks to be the safer of all of them, and the most regulated.

Usdt looks to be facing some legal problems already in Europe

[NikeFit_7777]

Visa research: USDC overtook USDT and became the market leader in terms of transaction volume.

According to analysts, they managed to remove potential distortions of statistics (manipulation, fraud) and reflect the real activity of users.

Link: https://visaonchainanalytics.com/transactions

[NikeFit_7777]

Circles, the USDC issuer, has announced the launch of a big new campaign called "Money Now Open", the point of which is to talk about the transformation that awaits the world with open internet money on open networks.

P.S. Is the implementation of the USDC into real life really happening? Who has any thoughts on this? Or is it dust in the eyes and nothing good will happen? 

[famososMuertos]

Tether has always had issues with reserves to guarantee value for USDT, so USDC becomes a better stable coin thanks to the support of Circle and Coinbase. I also transfer part of my USDT to USDC for more peace of mind in this market.

Well, when USDT has not had that reserve guarantee problem, since always, and in fact any other stable coin, this 'tokens' are like a bridge, you use it on the way correct, in the metaphor of the bridge they are that, a period of time, I do not understand the widespread concept that believing that you diversify between stable coins is peace of mind, well at least in a partial part of your assets but not total, I hope that is your case, otherwise I do not see what your peace of mind is.

[SamReomo]

I'm not sure about others but I prefer to choose USDT for sake of trading instead of USDC as it's more famous and there are wide pairs available for trading. I used to use USDC sometimes for trading purpose but never used it for any other purpose.

For me both of those are just stable coins and nothing else and I'm pretty sure that USDT will hold it's peg with USD for long term without any issue. I even know some people who have bought USDT to get better profits if their own country's fiat currency falls in value.

[NikeFit_7777]

Circle to launch contactless payments on iPhone with USDC payment.

Circle, the issuer of the USDC stablecoin, plans to introduce contactless payments (Tap to Pay) on the iPhone. “It will soon be possible to pay on the iPhone with USDC. Wallet developers, start your engines,” Circle CEO Jeremy Allaire wrote.

P.S. There's a pretty useful option coming up for cryptans. Would you use it?

Link to the news: https://x.com/jerallaire/status/1823772497969602981