USDT vs USDC - Which One Do I Need?
Short answer: You need USDC on Polygon. Here's why and what to do if you have USDT.
What Are Stablecoins?
Both USDT and USDC are stablecoins - crypto tokens pegged to $1 USD. They don't fluctuate like Bitcoin or Ethereum.
| Token | Full Name | Issuer | Value |
|---|---|---|---|
| USDC | USD Coin | Circle (backed by Coinbase) | $1.00 |
| USDT | Tether | Tether Limited | $1.00 |
Why Polyfollow Uses USDC
| Reason | Details |
|---|---|
| Fully backed | 100% backed by cash & treasuries, audited monthly |
| Polymarket native | Polymarket's CLOB uses USDC for all trades |
| Polygon native | Native USDC on Polygon = fastest, cheapest |
| Regulated | Circle is a regulated US financial company |
I Have USDT - What Do I Do?
You can't deposit USDT directly to Polyfollow. Here's how to swap:
Option 1: Swap on an Exchange
| Step | Action |
|---|---|
| On your exchange (Coinbase, Binance, etc.) | |
| Sell USDT for USD (or swap USDT → USDC) | |
| Withdraw USDC on Polygon network to Polyfollow |
Option 2: Swap On-Chain
| Step | Action |
|---|---|
| Go to a DEX like Uniswap or QuickSwap | |
| Connect your wallet on Polygon | |
| Swap USDT → USDC | |
| Send USDC to your Polyfollow wallet |
Common Mistakes
| Mistake | What Happens |
|---|---|
| Depositing USDT to Polyfollow | Funds won't show up (wrong token) |
| Sending USDC on wrong chain | Funds safe but not visible |
| Confusing USDC and USDC.e | Both work on Polyfollow! |
USDC vs USDC.e
Both are accepted by Polyfollow:
| Token | What It Is |
|---|---|
| USDC | Native Polygon USDC (preferred) |
| USDC.e | Bridged from Ethereum (also works) |
Pro Tip
If you're buying USDC specifically for Polyfollow, use Coinbase - they let you withdraw USDC on Polygon directly with minimal fees.