We covered this in the section above, but since it is such a popular question, it is worth reiterating. Tether and USDC are extremely similar with both linked to the US dollar in terms of their value. Both are therefore considered stablecoins.
The main difference is that at the moment Tether is better known, probably because it has been around for longer, but many prefer USD Coin for what is considered greater transparency.
Other standout differences are that the USD Coin runs on smart contracts and uses Ethereum blockchain technology. The fact that USDC cooperates with real banks and auditors, hence the association with being more transparent than any other stablecoins on the market, is also an advantage. Then, there is the direct Coinbase connection, with the prominent crypto exchange having worked on USD Coin’s development and giving it an upper-hand in terms of distribution.