Stability is one of the main needs of the cryptocurrency market, known for its high volatility. That’s why stablecoins have become an integral part of the crypto industry. In this article, we will take a detailed look at three popular stablecoins — USDC, USDT, and Eurite (EURI). Each of them targets different markets and tasks, so understanding their features will help you choose the most suitable tool for your goals.
USDC — Reliability and Full Transparency
USDC appeared in 2018 thanks to Circle in collaboration with the Coinbase exchange. From the very beginning, the project focused on maximum transparency and compliance with regulatory requirements. Each USDC token is backed 1:1 by US dollars held in liquid assets and cash.
- Advantages: full regulatory control and regular audits
- Network support: Ethereum, Solana, Algorand, Optimism, and others
- Purpose: international transfers, company settlements, participation in DeFi
USDC is chosen by companies that value transparent conditions and regulatory trust. Thanks to broad network support, it is suitable for both large institutional users and private investors looking to avoid unnecessary risks.
USDT — Leader in Liquidity and Accessibility
Tether (USDT) is the oldest stablecoin on the market, launched in 2014. Over the years, it has become the most popular and liquid stablecoin, actively used on exchanges worldwide.
- Advantages: high liquidity and wide availability on all top exchanges
- Network support: Ethereum, Tron, Binance Smart Chain, TON, and others
- Purpose: trading, arbitrage, quick market access
Despite its popularity, USDT has been criticized for lack of transparency in its reserves. Although Tether Limited has taken steps to increase trust, questions about full backing remain open.
Nevertheless, traders choose USDT for its quick availability and wide integration into trading platforms. This makes it a convenient tool for operational deals and arbitrage strategies.
Eurite (EURI) — European Approach to Stability
Eurite (EURI) is a relatively new stablecoin that offers a peg to the euro (EUR) instead of the US dollar. This makes it an attractive solution for residents and businesses in Europe looking to avoid currency risks associated with the dollar.
- Advantages: full compliance with EU standards and euro backing
- Network support: Ethereum, Binance Smart Chain
- Purpose: settlements in euros, value preservation without conversions to dollars
Eurite is issued by Banking Circle S.A., adding an extra level of trust. Regulation within EU legislation makes it attractive for users who value legal protection and transaction transparency.
Comparative Summary
Choosing between USDC, USDT, and Eurite depends on your goals:
- USDC — optimal for businesses and those who value full transparency and regulatory compliance.
- USDT — the best choice for active traders due to high liquidity and wide distribution.
- Eurite — ideal for European users who value euro backing and compliance with EU legislation.
If you’re looking for a reliable exchange service for working with stablecoins, pay attention to RubyCash, which offers convenient and secure exchange of USDT, USDC, and other cryptocurrencies.
Each stablecoin is unique in its own way. Choose the one that suits your needs, region, and requirements for transparency and security.