USDC and USDT

[Vision pro]

This feature will open up new opportunities for wallet developers and users, especially those interested in daily transactions with cryptocurrencies.  It will bring crypto more mainstream and provide easy and secure payment options for users.  Personally, this would be a nice option and I would definitely consider using it, especially if it was quick and easy to use.  Would you use such a feature?

[kulkhan]

Usdc and Usdt both are Good stable coin and now a days both Stable coin are very popular and also being popular day by day. Usdt is my favourite stable coin. I always use Usdt Coin. We know now Bitcoin price huge pumped. Any time it could be down. So now best decision Will convert my assets to stable coin. I already converted some token to usdt. When market will dump again then i will buy bitcoin and another currency by Usdt.

[bitmover]

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

I don't think transaction volume is that important.

For a stable coin, it is more important to have trading volume. This is what stable coins are used for.

[CoinHolder]

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.

Many users view the use of USDT and USDC differently based on specific needs and trading strategies.USDT is the most trusted coin in the cryptocurrency world. Transactions through it can be done quickly and this coin is very important coin in terms of trading.

[bitmover]

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.

Many users view the use of USDT and USDC differently based on specific needs and trading strategies.USDT is the most trusted coin in the cryptocurrency world. Transactions through it can be done quickly and this coin is very important coin in terms of trading.

It is not possible to use usdt and uasc differently.  They are the same thing..

There is a little diversification if you hold both, and they nothing do the same.

Used for trading, staking, etc...

[erus]

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?

Well, I just found out that DAI is a real stable coin and maybe it can be said to be the safest stable coin. I also read that USDT coins last year dumped up to 0.7 dollars for 1 USDT and USDC is the same, I once read an article about USDC dumping up to 0.7 dollars too. If USDT and USDC have ever dropped to a price of 0.7 dollars but DAI I have never heard the news.
That proves that DAI is real, a stable coin and is not centralized like USDT and USDC. But strangely enough I myself believe more in holding USDT and USDC coins if I save stable coins than I hold DAI coins.

[bitmover]

That proves that DAI is real, a stable coin and is not centralized like USDT and USDC. But strangely enough I myself believe more in holding USDT and USDC coins if I save stable coins than I hold DAI coins.

Technically you shouldn't hold any, just use for trading or staking....
I feel more comfortable with usdt too, but DAI cannot be frozen.

[KryptoBull]

Technically you shouldn't hold any, just use for trading or staking....
I feel more comfortable with usdt too, but DAI cannot be frozen.

In countries with high inflation, the local currency loses value against the USD, forcing people to turn to USDT to hedge against local inflation. I also prefer holding USDT over the local currency because I feel like the local currency is being printed arbitrarily and irrationally.

I used to hold many stablecoins like USDT, USDC, and BUSD, but recently I've been focusing on USDT because both USDC and BUSD have had issues. Tether's growth makes me feel more secure, and I'm not important enough for Tether to freeze my USDT.

[erus]

That proves that DAI is real, a stable coin and is not centralized like USDT and USDC. But strangely enough I myself believe more in holding USDT and USDC coins if I save stable coins than I hold DAI coins.

Technically you shouldn't hold any, just use for trading or staking....

Ah my bad, what I mean is if I have DAI I better trade it with Bitcoin so I can take advantage of it.
I also see that staking on Binance is around 4.2% APY for staking DAI, I think this value is quite large compared to the Fiat APY in Commercial Banks which is on average only around 2-3% APY.

I feel more comfortable with usdt too, but DAI cannot be frozen.

Well, I also got this information because the nature of USDT is centralized so most likely there will be a freeze of USDT coins in the destination wallet. For example, if an erc20 wallet is suspected of using money laundering or illegal transactions, the CEO of Tether could immediately freeze the wallet. Worse still, if there is a wrong target to freeze the wallet and this is what I fear.

https://medium.com/chainargos/what-happens-when-tether-freezes-your-tether-5a8ece2bd508
Above is a reference if someone from Tether freezes our wallet and this is what I fear from USDT.

[dkbit98]

Many users view the use of USDT and USDC differently based on specific needs and trading strategies.USDT is the most trusted coin in the cryptocurrency world. Transactions through it can be done quickly and this coin is very important coin in terms of trading.

And we should also say that USDT have the biggest chance to be banned, so I wouldn't hold it for anything long term.
I just heard they canceled their own EUR stable coin because of regulation of European Union is getting more strict, and they can't keep up with that.

I feel more comfortable with usdt too, but DAI cannot be frozen.

I think this a myth.
It's enough to do something to ethereum blockchain (that is not so hard) and all DAI is gone.

[bitmover]

I feel more comfortable with usdt too, but DAI cannot be frozen.

I think this a myth.
It's enough to do something to ethereum blockchain (that is not so hard) and all DAI is gone.

What do you mean by all DAI is gone?

DAI is one of the largest coins by marketcap, it is in rank #27 in coinmarketcap. There is support in most CEX as well

[dkbit98]

What do you mean by all DAI is gone?

RIP ethereum blockchain = Rip DAI = DAI gone and all tokens gone.
Simple, and not impossible like people may think.

[bitmover]

What do you mean by all DAI is gone?

RIP ethereum blockchain = Rip DAI = DAI gone and all tokens gone.
Simple, and not impossible like people may think.

Why do you think ethereum will die?

This is new to me. Can you explain a little more?

ETF were just approved, price is going up.... while it has many  competitors such as SOL BNB SUI, ethereum is still many times bigger than they all combined.

And DAI technology can just migrate to another blockchain

[Mia Chloe]

What do you mean by all DAI is gone?

~snip

This is quite a discussion here I must admit. Personally I don't think Ethereum will die yeah mathematically there is an infinitesimally small chance it could but practically speaking it's gonna actually take a lot for that to happen.  Ethereum is drawing back and based on general stats it may continue for a while but that doesn't give any altcoin right now the edge over it.

Yes ETH is lagging behind currently if compared to it's expected performance however even solana and doge and some other altcoins that are doing good still don't have enough edge to remove Ethereum from it's place at the top.

That aside, based on the op I actually haven't transacted with USDC when I make use of stable coins I usually make use of USDT and based on their charts it seems USDC is way more volatile than USDT. Can anyone explain a little about this?

[bitmover]

That aside, based on the op I actually haven't transacted with USDC when I make use of stable coins I usually make use of USDT and based on their charts it seems USDC is way more volatile than USDT. Can anyone explain a little about this?

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