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USDC vs USDT: rug-risk comparison

Rugsight's automated checks for USD Coin and USDT, two Solana stablecoins tokens, side by side. Everything below comes from public on-chain and market data.

USDC
USD Coin
USDT
USDT
Rugsight scoreIssuer-controlled
technical score 50/100 (grade C)
Issuer-controlled
technical score 50/100 (grade C)
VerdictIssuer-controlled stablecoin: Circle holds the mint authority and the freeze authority by design. That is issuer (counterparty) risk, not a rug-pull pattern; the 50/100 technical score still counts those controls. Holder distribution was not checked.Issuer-controlled stablecoin: Tether holds the mint authority and the freeze authority by design. That is issuer (counterparty) risk, not a rug-pull pattern; the 50/100 technical score still counts those controls. Holder distribution was not checked.
Mint authority! Active: Circle can create new tokens at any time (normal for this kind of asset; supply should track reserves). Held by an SPL multisig (2 of 4 signers required).! Active: Tether can create new tokens at any time (normal for this kind of asset; supply should track reserves). Held by an SPL multisig (2 of 3 signers required).
Freeze authority! Active: Circle can freeze token accounts, which would stop a holder from selling or moving them. Held by an SPL multisig (2 of 4 signers required).! Active: Tether can freeze token accounts, which would stop a holder from selling or moving them. Held by an SPL multisig (2 of 3 signers required).
Token program / extensions✓ Classic SPL Token program: no Token-2022 extensions that could move, block or tax transfers.✓ Classic SPL Token program: no Token-2022 extensions that could move, block or tax transfers.
Holder concentration? Could not be read at the last check; the score excludes it.? Could not be read at the last check; the score excludes it.
Liquidity✓ Deep liquidity across trading pools.✓ Deep liquidity across trading pools.
Trading age✓ Trading for more than 30 days.✓ Trading for more than 30 days.
Confidencepartialpartial
Last checked
Mint addressEPjF…Dt1v · SolscanEs9v…wNYB · Solscan

Higher score = fewer technical risk signals. "Issuer-controlled" marks a short allowlist of regulated or issuer-backed assets whose mint and freeze controls are held by a known issuer by design; that is counterparty risk, not a rug-pull pattern. Scores refresh about every 12 hours.

USDC full check →USDT full check →

Need the exact numbers? Each token page offers the full report (top-20 holder breakdown, liquidity and volume ranges, every flag explained) for 1 USDC, and AI agents can fetch it for 0.03 USDC per call via x402 or the MCP server.

Not financial advice. This comparison is automated technical analysis of public on-chain data and heuristics. It can be wrong or incomplete, says nothing about either project's team, intent or future price, and is not a recommendation to buy, sell or hold USDC, USDT or any other asset. Always do your own research.

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