Question

How stable is USDC?

Answer 1

USDC is generally considered to be safer than USDT. USDC is fully collateralized, meaning that each USDC token is backed by an equivalent amount of US dollars held in reserve. USDT, on the other hand, is only partially collateralized, meaning that it is backed by a combination of cash, loans, and other assets.

Answer 2

USDC, which stands for USD Coin, is a stablecoin that is pegged to the US dollar at a 1:1 ratio. This means that for every 1 USDC token, there is $1 USD held in reserve. As a result, USDC is considered to be relatively stable compared to other cryptocurrencies that experience high volatility. The stability of USDC is maintained through regular audits and transparency in its reserve holdings. Overall, USDC is designed to provide a stable digital asset that can be easily exchanged for US dollars.