In the stablecoin market, no battle rages harder than the colossal conflict of USDT vs. USDC. Stablecoins are widely considered the most useful application of DeFi and blockchain technology. While many value-pegged cryptocurrencies exist, Tether (USDT) and USD Coin (USDC) are light years ahead of the crowd.
Before directly comparing the crypto market’s most popular stablecoins, we first need to ask the burning questions.
What are stablecoins? Are these fiat-pegged digital currencies work, and are they truly safe to use?
What Are Stablecoins?
Stablecoins are a kind of cryptocurrency pegged to the value of other assets, like fiat currencies or gold. The most common stablecoins in the crypto market are pegged to US Dollars, although new coins pegged to other fiat currencies like EUR and RMB are slowly emerging.
These crypto assets live on the blockchain, providing a somewhat safe refuge from the market’s iconic volatility. In a perfect world, these digital assets are designed to maintain a stable value, regardless of fluctuations in the crypto market.
What are the different kinds of stablecoins, and how do they work?
How Do Stablecoins Work?
Depending on how they’re…
