Can you explain the underlying technology and mechanism behind USDC and USDT?
Sudhanshu BurileApr 13, 2021 · 4 years ago1 answers
Could you please provide a detailed explanation of the underlying technology and mechanism behind USDC and USDT? I would like to understand how these stablecoins work and what sets them apart from other cryptocurrencies.
1 answers
- sugarJul 06, 2024 · a year agoUSDC and USDT are stablecoins that aim to maintain a stable value against the US dollar. While USDC is built on the Ethereum blockchain and offers transparency through regular audits, USDT operates on multiple blockchains but has faced criticism for its lack of full reserve transparency.
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