USDC is considered better than Tether for several reasons:
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Transparency: USDC is known for its high level of transparency as it regularly undergoes public audits to ensure that each USDC token is backed by an equivalent amount of USD in reserve. This level of transparency provides more confidence to users about the stability of the stablecoin.
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Regulation: USDC is issued by regulated financial institutions, including Coinbase and Circle, which adds an extra layer of credibility and compliance with regulatory standards. Tether has faced scrutiny regarding its transparency and regulatory compliance.
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Trust: Due to the transparency and regulatory compliance of USDC, it has gained more trust among users and institutions compared to Tether. This trust is crucial in the stablecoin market where stability and reliability are key factors.
Overall, the transparency, regulation, and trust associated with USDC make it a preferred choice for many users over Tether.
