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What I don’t understand is why market participants don’t use those rather than Tether. If I had a bunch of Tether today, why wouldn’t I move it to USDC or simil
by gammarator 5y ago
What I don’t understand is why market participants don’t use those rather than Tether. If I had a bunch of Tether today, why wouldn’t I move it to USDC or similar?
- hackingforfun 5y agoUSDT has more supported trading pairs and liquidity, particularly for crypto exchanges in Asia. It just seems more popular there for whatever reason. If I had to choose USDC or USDT though, I'd rather hold funds in USDC. In general I'm not much of a fan of stablecoins though, but I do acknowledge the quick, 24/7 transfers they offer is interesting, as well as the high APRs for lending them. However, I'd still rather just hold fiat vs stablecoins. I find other cryptos to be much more compelling.