Question about loans here USDT vs USDC

[OgNasty]

I've noticed that most of the stablecoin loan requests here tend to be for USDT and not USDC.  I find this curious, as I've found in my personal interactions with people in real life, that USDC is more popular.  Is USDT somehow considered more Bitcoin friendly than USDC and that is why it gets more attention on this forum or is there some other reason I'm not seeing why USDT appears so popular in this section where USDC seems nearly nonexistent? 

[Crypto Library]

I've noticed that most of the stablecoin loan requests here tend to be for USDT and not USDC.  I find this curious, as I've found in my personal interactions with people in real life, that USDC is more popular. 

If you are talking about European countries then in this case USDC will be more popular among people there to use than USDT because since the implementation of CASPs rules in Europe in 2024, cex have brought limitations in USDT (delisted also).
And maybe that is why people there use USDC in real life?

Is USDT somehow considered more Bitcoin friendly than USDC and that is why it gets more attention on this forum or is there some other reason I'm not seeing why USDT appears so popular in this section where USDC seems nearly nonexistent? 

In terms of market cap, USDT is far ahead of USDC. While USDT holds a market cap of over $183 billion, USDC is around $72 billion. And this easily indicates that USDT is widely used worldwide, so people also use USDT more here (except the European's).
And I won't compare it with Bitcoin here, but I will say that USDT is stable, so people basically use it.

[Texac]

Network effect and liquidity may be the main reasons.

Speaking for myself, if I go to sell something on Binance P2P matket, USDT has a lot of clients. That is, USDT can be sold and cashed out at any time without facing any hazel. Other coins have very few customer and the rates are not good.

So if I want to take a loan, the first thing I want to consider is what I can easily sell at a good rate. And that is USDT. USDC's p2p market has not yet become as good as USDT.

So I would say the main reason USDT is more popular here is its global adoption and long-term dominance in crypto-native ecosystem.

[xLays]

I've noticed that most of the stablecoin loan requests here tend to be for USDT and not USDC.  I find this curious, as I've found in my personal interactions with people in real life, that USDC is more popular.  Is USDT somehow considered more Bitcoin friendly than USDC and that is why it gets more attention on this forum or is there some other reason I'm not seeing why USDT appears so popular in this section where USDC seems nearly nonexistent? 

I think one of the main reasons is that USDT came first. It was available several years before USDC so lenders started using it early. Once users get used to using one stablecoin, they usually keep using it unless they have good reason to change.

I also think it's because most lenders and borrowers like me on this forum already use USDT. New users often choose USDT too because it's what they see everyone else using. USDC is also good and popular stablecoin but yeah on bitcointalk, USDT has been the more common choice for long time.

[Lucano]

.My perception is that USDT was used earlier than USDC, USDC's popularity in your opinion is only local, while USDT adoption is much wider.

[shasan]

I have no idea too but I think it is for the network of trc. As erc-20 network fee is changeable and more than trc-20 network I think it might be one of the reason behind it. And usdt supported site is more than USDC. As USDT transaction more transparent I think people use USDT. And for loans I think for same reason (though I accept all reliable coins) people prefer USDT though I have not mentioned USDC and many more.

[noorman0]

I think it depends on the platform they are sending to, whether it's a P2P marketplace, a DEX, a casino, or something else. It comes down to platform acceptance and the availability of trading pairs.
Since it involves loans, people are usually keen to save on transaction fees and platform costs as much as possible.

[Bitcoin_Arena]

It so happens that USDT was more popular than USDC, at least from a global perspective. Also, the Tron network made USDT transactions much more popular, especially when the fees were still so low, and as far as I remember, from the beginning of USDC, it started with Ethereum, which had notoriously high transaction fees at the time compared to TRC20. So what you are seeing right now didn't just start yesterday. It started some years back.

[DireWolfM14]

I find this curious, as I've found in my personal interactions with people in real life, that USDC is more popular.  

I've found the same to be true.  I don't quite get why USDT has more volume.  With the independent audits on USDC reserves, and the very traditional and conservative approach Circle takes to preserve liquidity and stability, one would think it would be much more popular than Tether.