Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.
Reviewed by:
David Kemmerer
Reviewed by:
David Kemmerer
Co-Founder & CEO
David Kemmerer is the Co-Founder and CEO of CoinLedger. David has been deeply involved with the cryptocurrency industry since 2017.
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Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More
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Key Takeaways
USDC is considered one of the best options for stablecoins due to its commitment to transparency and regulatory compliance.
While USDT is controversial due to past regulatory issues, it is still the most popular stablecoin in the world.
Frequently asked questions
Is USDC better than USDT?
While USDT is the more popular stablecoin, many investors argue that USDC is a better option due to its transparency and regulatory compliance.
Is USDC a good cryptocurrency?
USDC is a stablecoin. Since they are pegged to the US dollar, stablecoins are easier to use in transactions than traditional cryptocurrencies. However, unlike cryptocurrencies like BTC and ETH, stablecoins do not appreciate in price.
Why is USDC better than USD?
Using a stablecoin like USDC offers more flexibility than traditional fiat currencies. USDC can be easily transferred to different wallets and exchanges, which cannot be done with USD.
Is USDC equal to USDT?
Both USDC and USDT are pegged to the US dollar. However, the stablecoins differ on key factors like adoption, transparency, and regulatory compliance.
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Written by:
Dhiraj Nallapaneni
Crypto Tax Writer
Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.
This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.