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Crypto Networks & Stablecoins · Lesson 3

USDT vs USDC

Two digital dollars, two different rulebooks

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USDT vs USDC

In this lesson

Compare USDT and USDC — who issues them, what backs them — and why Canadian platforms treat them differently.

Key takeaways

  • A stablecoin aims to stay at 1 US dollar and is backed by reserves such as cash and short-term government bonds.
  • USDT is issued by Tether; USDC is issued by Circle.
  • In Canada (as of October 2026), registered platforms can offer only stablecoins whose issuer has signed commitments with regulators — Circle did for USDC in December 2024; Tether has not for USDT.
  • Canada's Stablecoin Act (March 2026) is expected to bring Bank of Canada supervision in 2027.
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