What are the differences between USDT, USDC, FDUSD?
Stablecoins are a cryptocurrency pegged to the dollar. They give you stability in a world where Bitcoin is bullish or can fall 10% in a day. But which one should I choose?
So, USDT, USDC, and FDUSD are all stablecoins pegged to the US dollar at a 1:1 ratio, but they have differences in issuers, reserve assets, and market confidence levels.
USDT (Tether)
The oldest and most capitalized stablecoin.
- Issuer: Tether Limited
- Reserves: Backed by fiat reserves, government bonds, deposits, and other assets.
- Blockchains: Ethereum, Tron, Solana, BNB Chain, and others.
- Features: The most popular and liquid stablecoin, but has issues with reserve transparency.
USDC (USD Coin)
It is produced by Circle, which cooperates with US banks and financial regulators.
- Issuer: Circle (in partnership with Coinbase)
- Reserves: 100% in cash assets and short-term US Treasury bonds.
- Blockchains: Ethereum, Solana, Algorand, Polygon and others.
- Features: Considered one of the most reliable and transparent stablecoins due to monthly audits.
FDUSD (First Digital USD)
A new stablecoin released by First Digital Labs (Hong Kong).
- Issuer: First Digital Labs (Hong Kong)
- Reserves: 100% collateralized in cash and equivalents.
- Blockchains: Ethereum, BNB Chain.
- Features: A new stablecoin, actively promoted on the Binance exchange, where it sometimes has zero trading fees.
Key differences
- USDT is the most popular, but raises doubts about reserves.
- USDC is the most transparent and regulated.
- FDUSD is a new player with the support of Binance.
Which one to choose?
- For trading – USDT (most liquid)
- For storage – USDC or FDUSD (more transparent)
- For low fees on Binance – FDUSD
And finally: If you are looking for reliability - USDC, liquidity - USDT, low commissions on Binance - FDUSD.