Tether USDt

In the rapidly evolving landscape of stablecoins, everyone knows about the two dominant players: $USDT and $USDC. Both are vital components for the industry, but do you know where they differ? The following infographic illustrates some key ideas: Scale and implementation: USDT is noticeably superior to USDC in terms of wallet addresses where the balance is stored — more than twice — and boasts almost 4 times more active user base. Daily transactions compared to volume: Although USDT leads in the number of daily transactions, the total volume of USDC transactions exceeds USDT. Transaction Size and Average Balance: The USDC transaction size is significantly larger than that of USDT, this trend is also observed in average balances. Target audience: These differences indicate that USDC is the preferred stable coin for large traders and institutional organizations, whereas USDT is preferred for retail users. Price stability: Both coins maintain a relatively constant peg to the US dollar. The average daily deviation from the $1 mark over the past 30 days is insignificant, and noticeable fluctuations occur only during unusual market pressure. These ideas highlight the nuances of the differences between #USDT and #USDC, giving insight into their different roles in the broader crypto ecosystem.

Comparison of two dominant players in the stable coin market: $USDT and $USDC.

Cryptoz

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