USDT and USDC are centralized stablecoins backed by the U.S.dollar, and they are the two largest players in the space based on market capitalization. These stablecoins are less volatile than native cryptocurrencies as they are pegged to national currencies, and provide traders with a store of value for their cryptocurrencies between trades.
But…is one better than the other in terms of price stability, reserves, regulation, and safety? We’ll explore all of these in this video so stick around to find out!
Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Article: https://www.coingecko.com/learn/fiat-backed-stablecoins-usdc-vs-usdt
Timestamps:
00:00 Intro
00:32 What are fiat-backed stablecoins?
02:39 Volume and Market Cap
03:39 Price Stability
04:22 Reserves
06:53 Regulation
07:37 Outro
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