Markets
Stablecoins Explained: How USDT and USDC Differ from Bitcoin
What actually backs a dollar-pegged token, how USDT and USDC differ from each other and from Bitcoin, and why 91.6% of stablecoin supply sits in fiat-backedโฆ
Coverage of the tokens that carry most of the dollar volume in crypto: how fiat-backed, crypto-backed and algorithmic designs actually hold a peg, who issues them, what backs them, and how concentrated issuance has become. Supply figures are counted from public ledgers and carry a pull date.
What actually backs a dollar-pegged token, how USDT and USDC differ from each other and from Bitcoin, and why 91.6% of stablecoin supply sits in fiat-backedโฆ