Cryptocurrency Q&A
What is the difference between USDT and USDC and Dai?
What is the difference between USDT and USDC and Dai?
CryptoVanguard
Sun Mar 23 2025
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7
answers
2136
USDT, USDC, and Dai are all stablecoins, but they differ in their issuance, stability mechanisms, transparency, and regulation. USDT is issued by a centralized company, Tether, and its stability relies on the company's reserves, which have faced transparency issues. USDC, issued by Coinbase and Circle, is more transparent with regular audits and backed by cash and cash equivalents. Dai is a decentralized stablecoin issued by the MakerDAO protocol, maintained through over-collateralization and liquidation mechanisms, and is not subject to specific jurisdictional regulation.
7 answers
CryptoWizard
Tue Mar 25 2025
USDT and USDC belong to the category of centralized stablecoins.
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Sara
Tue Mar 25 2025
These stablecoins operate with a supply and price-peg mechanism that is controlled by centralized entities.
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GeishaMelodious
Tue Mar 25 2025
Unlike USDT and USDC, DAI is a decentralized stablecoin.
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Lucia
Mon Mar 24 2025
The governance of DAI is carried out by a decentralized autonomous organization (DAO).
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HanbokGlamourQueenEleganceBloom
Mon Mar 24 2025
The DAO ensures the stability and operation of DAI without the need for a centralized authority.
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