USDT VS USDC: Difference and how to trade them in Ghana

USDT VS USDC: By many standards, USDT and USDC are the two world’s most stablecoins. They are crypto assets that are not prone to constant fluctuation in price on the crypto market. Their values are often equal to the value of the USD or slightly varied. These fluctuations often range from 1.0005 USD to 0.9995. By market capitalization, USDT and USDC are two of the top five largest cryptocurrencies. Hence, they are important pillars of the moves of demand and supply in the crypto economy.


Stablecoins like USDT and USDC give investors and traders the experience of both the traditional FX market and the crypto world. This is because they offer the stability of regular fiat money while still possessing the ability to be traded on the blockchain network. They are seen as fiat-backed coins as their value is often pegged at a 1:1 ratio to the United States dollar. Other examples of stablecoins are Binance USD (BUSD), Original Dollar (OUSD), Paxos Standard (PAX), and True USD (TUSD).


Unlike most stablecoins, USDT and USDC are on multiple-chain blockchains. Meaning that they are established on several blockchain networks. Examples of these networks are the BNB chain, Ethereum, Avalanche, Solana, Algorand, Tron, Polygon, Tezos, and more. This multichain characteristic is advantageous to the user in the sense that they can transact faster and at potentially lower rates. BUSD, on the other hand, is limited to the BNB and Ethereum blockchain networks. Let’s see the potential benefits of trading stablecoins.

Benefits of stablecoins (USDT, USDC, BUSD, and others)

  1. Fiat backing: Investing in Stablecoins guarantees the safety of the value of money invested. With this, stable currencies traded on blockchain technology are not only fast and decentralized but also secure.
  2. Stability: Dissimilar to how other crypto assets fluctuate, stablecoins are currencies that stay consistent with the value of traditional fiat currencies. A 100-dollar USD is equal to the value of 100 USDT, USDC, BUSD, and other stablecoins.
  3. International acceptability: Stablecoins are one of the safest and fastest ways to send funds across borders without a change in value. They are acceptable in almost any country across the world.
  4. Availability: Like other crypto assets, there is never a need for one to visit a physical bank or financial institution that is closed over the weekend. Hence, USD transactions with stable coins are limitless and 100% available.
  5. Low transactions: Dissimilar to regular transactions, transaction fees are next to nothing. Most trading exchanges even offer zero-fee transfers and conversions.

Difference between USDT and USDC


Although USDT and USDC are both stablecoins, there are some key differences to point out between them. USDT is otherwise known as USD Tether and was created by Tether Limited in 2014. It is the first stablecoin and was built on the Ethereum blockchain. However, it has morphed into developing compatibility with other blockchain networks in recent times.

About USDT

At the time of writing, USDT is ranked as the third largest crypto asset by market capitalization. Tether has held this position on the coin market cap since May 2022. It has a market capitalization of about $69 million and a market dominance of about 6.5%. Despite these, tether faces a lot of legal issues regarding its decentralization and level of reserve management.

This rising concern of the public and skeptics is gaged on the fact that Tether has some level of abnormality to what might be considered the normal convention for an actual fiat-backed stablecoin. In the past, Tether has dipped below $1 and risen far above $1. In 2019, Tether was traded at its all-time lowest of $0.001 per USD. Its value also rose to its all-time highest of $1000 per USD in the same 2019. USDC, on the other hand, has yet to face similar issues; its variations wobble between a low of $0.99 per USD to a high of $1.02 per USD. This conundrum has made USDT a rather controversial coin.

About USDC

USDC was issued by the Center Consortium in 2018 on the Ethereum Blockchain. This organization is a peer-to-peer payment platform that is made up of Circle and Coinbase. USDC has also morphed into expanding its availability on other blockchain networks. These blockchain networks include Avalanche, flow, Ethereum, Hedera, Polygon, Solana, Stellar, Tron, Algorand, and Binance Smart Chain.

The major advantage of USDC over its all-time competitor, USDT, is its transparency. Unlike USDT, USDC undergoes regular audits by a third-party institution. Hence, investors are confident of the authenticity of the value their coin claims to have each month. Since USDC’s launch in 2018, Coinbase has stopped trading USDT in a bid to promote the potential of its stablecoin. Seeing that USDC is now the third-largest coin by market cap, I’d say the strategy worked.

Which is better between USDT and USDC

Owning to the level of transparency that USDC brings to the table, we can say it is a more trustworthy option. However, USDT has a wider spread through many blockchain networks. So, the question of which is better remains answerable only to the holder. Their ability to perform well is out of the question. It just depends on which you would choose; Trustworthiness or a more robust network.

How to Trade USDT and USDC in Ghana

To sell Stablecoins for cash in Ghana, there is no better place to turn to; save Tap the like to register now, and feel free to chat with us if you have questions. Here, we reply speedily!

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