Why USDT instead of USDC?

USDT stands out in the cryptocurrency market due to its impressive market capitalization. This metric, which represents the total value of USDT tokens in circulation, is notably higher than that of USDC. This difference is significant and underscores the dominance of USDT in the stablecoin sector.

BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of traders. Among its offerings are spot trading, futures trading, and a wallet service. With spot trading, traders can buy and sell USDT and other cryptocurrencies at current market prices. Futures trading allows traders to speculate on the future price of USDT and potentially profit from price movements. The wallet service provides a secure and convenient way to store USDT and other digital assets.

In addition to its market capitalization, USDT boasts a significantly larger trading volume compared to USDC. Trading volume refers to the total amount of USDT tokens traded over a certain period. The higher trading volume of USDT indicates its greater liquidity and ease of trading, making it an attractive option for traders looking to buy or sell stablecoins.

The preference for USDT among traders can be attributed to several factors. Firstly, its wide adoption across various cryptocurrency exchanges and platforms has established it as a reliable and trusted stablecoin. Traders feel more confident using USDT due to its established presence in the market.

Moreover, the stability of USDT's value against the US dollar adds to its appeal. Unlike other cryptocurrencies, which can experience significant price fluctuations, USDT maintains a stable value, providing traders with a sense of security and predictability. This stability is crucial for traders who prioritize minimizing risk and maximizing returns.