Tether vs Usd Coin: Key Differences (USDT vs USDC)
Complete side-by-side comparison of Tether and Usd Coin. Price, market cap, technology, and more.
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What is Tether?
Null (USDT) is a digital token with no specified consensus mechanism, use case, launch year, or founder information. It serves as a placeholder in the crypto space without defined attributes or applications.
What is Usd Coin?
USDC (USD Coin) is a stablecoin pegged to the US dollar, designed to provide a digital alternative to traditional currency. It is widely used for transactions and as a store of value within the crypto ecosystem.
Price Evolution
Percentage change from start of period
USDT-0.14%USDC-0.02%Detailed Comparison
| Metric | USDT | USDC |
|---|---|---|
| USDT USDC | ||
| Price & Market | ||
| Price | $0.999 | $1 |
Price $0.999 $1 | ||
| Market Cap | $189.40B | $76.26B |
Market Cap $189.40B $76.26B | ||
| 24h Volume | $43.59B | $10.88B |
24h Volume $43.59B $10.88B | ||
| Volume/Cap Ratio | 23.02% | 14.27% |
Volume/Cap Ratio 23.02% 14.27% | ||
| Market Dominance | 0.07607405% | 0.03063042% |
Market Dominance 0.07607405% 0.03063042% | ||
| All-Time High | $1.32 | $1.043 |
All-Time High $1.32 $1.043 | ||
| ATH Date | Jul 24, 2018 | Nov 15, 2018 |
ATH Date Jul 24, 2018 Nov 15, 2018 | ||
| Performance | ||
| 24h Change | 0.00% | 0.01% |
24h Change 0.00% 0.01% | ||
| 7d Change | 0.04% | 0.02% |
7d Change 0.04% 0.02% | ||
| 30d Change | 0.14% | 0.02% |
30d Change 0.14% 0.02% | ||
| Supply | ||
| Circulating Supply | 189.63B | 76.29B |
Circulating Supply 189.63B 76.29B | ||
| Total Supply | 195.10B | 76.32B |
Total Supply 195.10B 76.32B | ||
| Max Supply | Unlimited | Unlimited |
Max Supply Unlimited Unlimited | ||
| Transaction Fees | ||
| Average Fee | $0.50-$20 | $0.50-$20 |
Average Fee $0.50-$20 $0.50-$20 | ||
| Fee Model | Ethereum gas fees (ERC-20) | Ethereum gas fees (ERC-20) |
Fee Model Ethereum gas fees (ERC-20) Ethereum gas fees (ERC-20) | ||
| Volatility & Risk | ||
| Drawdown from ATH | 24.3% | 4.2% |
Drawdown from ATH 24.3% 4.2% | ||
Why Tether?- ✓Stablecoin value reduces volatility risk for traders.
- ✓Widely accepted across many crypto exchanges.
- ✓Provides easy liquidity for converting crypto assets.
Why Usd Coin?- ✓USDC is a widely accepted stablecoin pegged to the US dollar
- ✓Transparent monthly audits increase trust and accountability
- ✓Supports fast and low-cost transactions across multiple blockchains
Tether Risks
- ✗Lacks transparency due to limited public information.
- ✗No clear consensus mechanism or governance details.
- ✗Undefined use case and founding details increase risk.
Usd Coin Risks
- ✗Centralized control increases regulatory and operational risks
- ✗Dependence on fiat reserves may limit scalability and flexibility
- ✗Not suitable for high volatility investment strategies
The Verdict
Both Tether and Usd Coin serve important roles in the crypto ecosystem. Many investors choose to hold both as part of a diversified crypto portfolio.
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