USDT 與 USDC：哪種穩定幣是最佳選擇？

USDT（Tether）和USDC（USD Coin）是加密貨幣生態系統中使用最廣泛的兩種穩定幣。兩者都與美元掛鉤

Both USDT and USDC are pegged to the US dollar, aiming to maintain a stable value of 1 Dollar. But which of these two is the best option? Let’s take a look below.

USDT和USDC均與美元掛鉤，旨在維持1美元的穩定幣值。但這兩者中哪一個是最好的選擇呢？下面我們就來看看吧。

1. Issuer and Governance

一、發行人及治理狀況

- USDT (Tether) is issued by Tether Limited, a company with roots in Hong Kong. It is closely associated with the Bitfinex exchange, which has faced controversies around transparency and regulatory compliance.

- USDT (Tether) 由紮根於香港的 Tether Limited 發行。它與 Bitfinex 交易所密切相關，後者在透明度和監管合規性方面面臨爭議。

- USDC (USD Coin) is issued by Circle, a US-based company, in partnership with Coinbase. It operates under strict regulatory oversight and aims to be more transparent about reserves.

- USDC（美元硬幣）由美國公司 Circle 與 Coinbase 合作發行。它在嚴格的監管監督下運作，旨在提高儲備的透明度。

2. Transparency

2. 透明度

- USDT has been historically criticized for lack of transparency and delayed audits of its reserves. While Tether has improved its disclosures, concerns persist about the quality and composition of its reserves.

- USDT 歷來因缺乏透明度和延遲對其儲備金審計而受到批評。儘管 Tether 改進了其資訊揭露，但對其儲備的品質和構成的擔憂仍然存在。

- USDC is regularly audited by a third party, providing monthly reserve attestations. It is considered to be more transparent as compared to USDT. Also, USDC is fully backed by US cash and Treasury securities.

- USDC 定期由第三方審計，提供每月儲備證明。與 USDT 相比，它被認為更加透明。此外，USDC 完全由美國現金和國債支持。

3. Regulation

3. 監管

- USDT faces scrutiny from regulators around the world, especially regarding its reserve practices.

- USDT 面臨世界各地監管機構的審查，特別是在其儲備實踐方面。

- USDC operates under US regulatory frameworks, aligning with strict compliance requirements. It is often considered safer for institutions due to its regulatory alignment.

- USDC 在美國監管框架下運營，符合嚴格的合規要求。由於其監管一致性，它通常被認為對機構來說更安全。

4. Adoption and Use Cases

4. 採用和用例

- USDT is the most widely traded stablecoin by volume, making it particularly popular on exchanges and in DeFi. It is also favored in regions with economic instability due to its liquidity and availability.

- USDT 是交易量最廣泛的穩定幣，使其在交易所和 DeFi 中特別受歡迎。由於其流動性和可用性，它在經濟不穩定的地區也受到青睞。

- USDC is gaining adoption in DeFi, payments, and institutional use cases, thanks to its regulatory compliance and transparency.

- 由於其監管合規性和透明度，USDC 在 DeFi、支付和機構用例中廣泛採用。

5. Redes Blockchain

5.Redes區塊鏈

- USDT operates on multiple blockchains, including Ethereum, Tron, Binance Smart Chain, Solana and more. Its availability across multiple networks contributes to its high liquidity.

- USDT 在多個區塊鏈上運行，包括以太坊、Tron、幣安智能鏈、Solana 等。它在多個網路上的可用性有助於其高流動性。

- USDC is also available on multiple blockchains including Ethereum, Solana, Polygon, and more. However, it has a slightly smaller presence compared to USDT.

- USDC 還可在多個區塊鏈上使用，包括以太坊、Solana、Polygon 等。然而，與 USDT 相比，它的存在量略小。

6. Market Capitalization

6. 市值

- USDT is the largest stablecoin by market cap, making it the dominant choice for trading pairs.

- USDT 是市值最大的穩定幣，使其成為交易對的主要選擇。

- USDC is the second largest stablecoin, with a growing market share in regulated financial ecosystems.

- USDC 是第二大穩定幣，在受監管的金融生態系統中的市場份額不斷增長。

7. Risks

7.風險

- USDT has a higher perceived risk due to past controversies around reserve guarantee and regulatory actions.

- 由於過去圍繞準備金擔保和監管行動的爭議，USDT 具有較高的感知風險。

- USDC has a lower risk for users who prioritize transparency and compliance, but slightly less liquidity in certain markets.

- 對於優先考慮透明度和合規性的用戶來說，USDC 的風險較低，但某些市場的流動性稍差。

Which of the Two is the Best Choice?

兩者中哪一個是最佳選擇？

Although USDT is the most widely used stablecoin and has a huge market cap and liquidity, I would say that the best choice is USDC, due to its transparency, security, its growing adoption in the DeFi environment and institutional use.

儘管 USDT 是使用最廣泛的穩定幣，並且擁有巨大的市值和流動性，但我認為最好的選擇是 USDC，因為它的透明度、安全性以及它在 DeFi 環境和機構使用中的日益普及。

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