Analyzing the Safety of Stablecoins: USDT vs USDC

In the dynamic world of cryptocurrencies, the volatile nature of assets like Bitcoin or Ethereum has led many to seek stability. Enter stablecoins: digital currencies that aim for a fixed value linked to traditional financial instruments like the US dollar. However, can these so-called ‘safe havens’ truly offer protection from market uncertainties? This article examines the two dominant stablecoin contenders – Tether (USDT) and Circle’s USD Coin (USDC) – focusing on their transparency and their potential vulnerabilities.