While USDT is used more frequently for trading and payments, USDC is often described as a safer stablecoin since Centre makes a greater effort to comply with audits and governmental regulation, and has more transparent, fully-backed reserves.
Read moreIs holding Usdc safe?
However, USDC is backed by reputable companies . Add to that Grant Thornton’s monthly audits. These factors confer a lot of credibility on USDC and make it more reliable than other fiat-backed stablecoins like Tether. There is also an interest rate risk that accompanies USDT deposits.
Read more