Explain to a noob: USDT vs USDC

[SilverClouds]

I see people mass using USDT for transactions but some holding USDC and saying it's more stable, what's the difference? Why USDC, what's wrong with USDT?

 

[AOT]

USDC is more regulated that's why it's more stable and safe to hold.

USDT is popular but not that regulated like USDC.

 

[Maddy Writer]

USDT and USDC are both stablecoins tied to the US dollar. USDT is widely used but less transparent. USDC is seen as safer because it's fully backed and regularly audited.

 

[Rem]

I see people mass using USDT for transactions but some holding USDC and saying it's more stable, what's the difference? Why USDC, what's wrong with USDT?

If you want to be more safe, go USDC, it is audited and regulated
which is probably the biggest form of protection you will ever have.

Other main difference is what blockchain they are on.

Although, regardless, just look at UST (TerraUSD) it collapsed screwing a bucketload of people over.

 

[Octavia]

USDT not allowed in EU while USDC is