Row 97724

Row ID: 97724 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 97724 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

This is my two cents for this. I like that USDC is fully backed by real assets and they are open about their reserves. Meanwhile, has constantly faced questions and allegations about not being fully backed. Their sketchy past and lack of third-party audits makes me super uneasy about holding USDT long-term.

For me, USDC feels safer and more transparent. Big names like accounting firms have vouched that USDC is backed properly. That reassurance is important to me when parking my crypto profits somewhere stable. The downside is that USDT is more widely used and has better liquidity on exchanges. But I'd rather have the safer option, even if it costs slightly more in fees sometimes. You can check out this Traders Union website for a breakdown on choosing between USDT and USDC based on how you plan to use these stablecoins.

At the end of the day, it's a personal risk tolerance thing. If you're just looking for a cheap way to quickly move funds between exchanges and don't mind the risks, USDT could work for you as a temporary vehicle. But for long-term storing of funds or earning yield, USDC's fundamentals are way more reassuring to me. Yet, I'm sticking to my trusty USDC.

FieldValue
text This is my two cents for this. I like that USDC is fully backed by real assets and they are open about their reserves. Meanwhile, has constantly faced questions and allegations about not being fully backed. Their sketchy past and lack of third-party audits makes me super uneasy about holding USDT long-term. For me, USDC feels safer and more transparent. Big names like accounting firms have vouched that USDC is backed properly. That reassurance is important to me when parking my crypto profits s…
label r/solana
dataType comment
communityName r/solana
datetime 2024-05-25
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url_encoded Z0FBQUFBQm5LalBCRGdCVzlnTU43ZVBGMHRkTkdZZ1ZMUFhuNXZRYmJ1TWx5OUFDclJZbWlLWmh2S1owREdHQlFvV1pXc2dyX0VxYTVnQllSSTZZZXplU1BJamE4ZDMzU0tNTkNkOTJxbllBZU9JX2RqYkRsSFZxVnlJTXJFUU12NjVwQTRsMFRid3JjRlR0S3FDejN3RHMtUTNYczNnSmlOWGhqV3JsRTkyVVduNG0wbzYzZkpjamdaQ0k4Zml1dUY3cWRvczZqaUlH

Raw Record

{
  "text": "This is my two cents for this. I like that USDC is fully backed by real assets and they are open about their reserves. Meanwhile, has constantly faced questions and allegations about not being fully backed. Their sketchy past and lack of third-party audits makes me super uneasy about holding USDT long-term.\n\nFor me, USDC feels safer and more transparent. Big names like accounting firms have vouched that USDC is backed properly. That reassurance is important to me when parking my crypto profits somewhere stable. The downside is that USDT is more widely used and has better liquidity on exchanges. But I'd rather have the safer option, even if it costs slightly more in fees sometimes. You can check out this Traders Union website for a breakdown on choosing between USDT and USDC based on how you plan to use these stablecoins.\n\nAt the end of the day, it's a personal risk tolerance thing. If you're just looking for a cheap way to quickly move funds between exchanges and don't mind the risks, USDT could work for you as a temporary vehicle. But for long-term storing of funds or earning yield, USDC's fundamentals are way more reassuring to me. Yet, I'm sticking to my trusty USDC.",
  "label": "r/solana",
  "dataType": "comment",
  "communityName": "r/solana",
  "datetime": "2024-05-25",
  "username_encoded": "Z0FBQUFBQm5Lak13NHpGOWJEZnFqM2VuQjliVXVkeEFDRlVxQml3RTNrMEhKV3QtWml5bHZwb01VcnpaeHBFNXhuQjJ5MS1SQjJFNFFza1JQWEwwYVI2T0hjdDBFVUl1OHc9PQ==",
  "url_encoded": "Z0FBQUFBQm5LalBCRGdCVzlnTU43ZVBGMHRkTkdZZ1ZMUFhuNXZRYmJ1TWx5OUFDclJZbWlLWmh2S1owREdHQlFvV1pXc2dyX0VxYTVnQllSSTZZZXplU1BJamE4ZDMzU0tNTkNkOTJxbllBZU9JX2RqYkRsSFZxVnlJTXJFUU12NjVwQTRsMFRid3JjRlR0S3FDejN3RHMtUTNYczNnSmlOWGhqV3JsRTkyVVduNG0wbzYzZkpjamdaQ0k4Zml1dUY3cWRvczZqaUlH"
}
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