1. Virtual currency refers to the currency that can buy goods and services in a specific community in virtual space. Well-known virtual currencies include Bitcoin, Tencent's Q coins, grand coupons and so on. According to the notices and announcements issued by the People's Bank of China and other departments, virtual currency is not issued by the monetary authorities, has no monetary attributes such as legal compensation and coercion, is not a real currency, has no legal status equivalent to currency, and cannot and should not be used as currency in the market. Citizens' investment and transactions in virtual currency are not protected by law.
2.USDC is issued by bit continental, Goldman Sachs Group, IDG, CICC, China Everbright and Circle invested by Baidu, and it is a fully mortgaged stable currency. Grant Thornton, a professional service company, publicly releases the financial status report of USDC released by Circle every month. Circle, the issuing company behind USDC, has payment licenses from all States in the United States except Hawaii, the United Kingdom and the European Union, and BitLicense from New York State, and has compliance channels for US dollars, British pounds and euros to enter and exit encrypted assets.
3.USDT is a token Tether USD (referred to as USDT) launched by Tether Company on the basis of US dollars, and its currency value is stable. According to Tether's introduction about USDT, USDT is one of the encryption digital currency, which can be transferred, stored and consumed on wallets and trading platforms.