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 moreWhat is the safest stablecoin?
7 best stablecoins list:
Read moreIs USDT a safe investment?
Is tether a good investment? Potentially. Because it’s a stablecoin, it should keep to a value of $1, give or take a couple of cents . That’s the point of it – it isn’t meant to make or lose money in and of itself, but rather to be a stable store of value.
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