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What is the difference between Tether & USD Coin?

Personal Finance & Money Asked on January 18, 2021

How are Tether (USDT) & USD Coin (USDC) different and what advantage is there to using one over the other or are they the same? Tether has a somewhat shady past & is no longer backed 1:1 by physical dollars as they used to claim. Is the same true for USD Coin?

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