Comparing USDC with USDT

[neku]

While earlier I would receive USDT payment, I now find that some apps are paying USDC. What is the reason why some crypto users are preferring to use USDC?

 

[riberet19]

Perhaps because they trust the company behind USDC (Circle) more than USDT, i.e. Tether, it all depends on each person.

 

[Suba]

When I need a small amount of USDT, I deposit Litecoin on Faucetpay and Swap to USDT but when I want to withdraw the USDT transaction fee is 8 USDT. while I will only withdraw 5 USDT. But the USDC withdrawal fee on faucetpay is cheaper only 0.3 USDC.

Thread 'USDT-TRC20 Withdrawal on FaucetPay'

Nov 27, 2024

I tried to withdraw USDT-TRC20 balance worth $5 from Faucetpay, to Binance crypto exchange, but was surprised after checking the TRX fee USDT fee of 8USDT. Is this a fixed fee, no matter the amount of USDT withdrawn?

• Suba
• Replies: 0
• Forum: Cryptocurrency Discussions

 

[kit_hung]

Many people prefer to use USDC over USDT because USDC has built a reputation for transparency and trust. The company that runs it conducts regular audits to ensure that its reserves are equivalent to US dollars, which gives users more confidence. USDT, although a major stablecoin, has been controversial regarding its reserves and legal compliance. It is a catchy phrase that attracts many.

 

[Kross]

I don't see any real difference between the two stable coins. And I am comfortable having any of them.