USDT vs USDC: Comparing the Two Largest Stablecoins

USDT and USDC are stablecoins pegged 1:1 to the U.S. dollar, backed by reserves. Tether's USDT is the largest stablecoin with the deepest liquidity globally. Circle's USDC is second-largest, with Circle staking its reputation on being a publicly traded company with frequent audits and U.S. and E.U. operations.