USDT vs USDC: Comparing the Two Largest Stablecoins

USDT and USDC are the two largest stablecoins, each pegged one-to-one to the U.S. dollar, backed by reserves covering every token in circulation. Tether's USDT is the largest, with the deepest liquidity across global exchanges, while Circle's USDC is the second-largest, backed by a publicly traded company with frequent audits, offering transparency and stability in the cryptocurrency market.