Stablecoin Guide: USDT vs USDC and How to Use Them — Malaysia Guide
Everything about stablecoins for crypto trading. USDT vs USDC comparison, safety, and how to use them on Binance. Tailored for Malaysia traders with MYR deposit methods.
For Malaysia Traders
This guide is tailored for traders in Malaysia. Sign up with referral code RATE20 for a 20% lifetime fee discount. Deposit MYR easily using local payment methods: Bank Transfer, Touch 'n Go.
Malaysia has licensed crypto exchanges. Binance P2P offers competitive MYR rates.
What Are Stablecoins?
Stablecoins are cryptocurrencies pegged to a fiat currency (usually USD). 1 USDT ≈ 1 USD. They provide stability in the volatile crypto market.
USDT vs USDC
| Feature | USDT (Tether) | USDC (Circle) |
|---|---|---|
| Market cap | #1 stablecoin | #2 stablecoin |
| Issuer | Tether Ltd | Circle |
| Transparency | Monthly attestations | Monthly audits |
| Trading pairs | Most extensive | Growing |
| Regulation | Less regulated | US-regulated |
| Networks | All major chains | All major chains |
Why Traders Use Stablecoins
1. Trading Pairs
Most crypto is traded against USDT. It’s the primary quote currency on Binance.
2. Safe Haven
Move to stablecoins during market downturns without converting to fiat.
3. Transfers
Send money globally for cents (TRC-20 USDT costs ~$1).
4. Earning Yield
Stake USDT/USDC on Binance Earn for 2-5% APY.
Cheapest Way to Transfer Stablecoins
| Network | USDT Fee | Speed |
|---|---|---|
| BSC (BEP-20) | ~$0.29 | 3 seconds |
| TRC-20 (Tron) | ~$1.00 | 5 seconds |
| Arbitrum | ~$0.50 | 1 second |
| Polygon | ~$0.10 | 2 seconds |
| ERC-20 | $3-20 | 15 seconds |
Always choose the cheapest compatible network.
Are Stablecoins Safe?
Risks
- De-peg risk: Stablecoins can temporarily lose their $1 peg
- Issuer risk: If the company fails, the stablecoin could collapse
- Regulatory risk: Governments may restrict stablecoins
Mitigation
- Diversify across USDT and USDC
- Don’t hold more than needed long-term
- Monitor news about stablecoin regulation
Buying Stablecoins on Binance
- P2P: Buy USDT directly with local currency (zero platform fee)
- Bank transfer: Deposit fiat and convert to USDT
- Convert: Swap any crypto to USDT instantly
How to Deposit MYR on Binance
- Go to Trade → P2P on Binance
- Select Buy USDT with MYR
- Choose a payment method:
- Bank Transfer
- Touch 'n Go
- Select a verified merchant and complete the trade
- Use your USDT to trade any cryptocurrency on Binance
Verify Before You Sign Up — Don't Get Scammed
Many sites advertise fake referral discounts that don't actually apply. Before signing up through any referral link, always verify the referral code and discount rate shown on the Binance registration page. Here's proof of our verified referral:
- Referral Code: RATE20
- Trade Rebate: Up to 20% on every trade (lifetime)
- New User Bonus: Up to 600 USD
If the registration page does not show these benefits, do not proceed. Only sign up when you can confirm the referral code and discount are applied.