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USDT and USDC compared as the two largest dollar stablecoins

Both tokens are designed to stay pegged to the U.S. dollar one-to-one, supported by reserves that cover circulating supply.

Reported · Written up by our desk · Stablecoins

The Block compares USDT and USDC, the two largest dollar stablecoins, which are each structured to trade at a one-to-one peg with the U.S. dollar. According to The Block, USDT is the largest stablecoin by market position, with what the outlet describes as the deepest liquidity across global exchanges, while USDC is the second-largest. The Block also contrasts issuers, saying Tether’s USDT is led by a different approach than Circle’s USDC, with Circle positioning its token around the company being publicly traded and subject to frequent audits.

The Block notes that both stablecoins rely on reserves intended to cover every token in circulation.

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