The main difference — who is behind the token
$USDT (Tether)
❌ Non-governmental
Issued by the private company Tether
Backing — company reserves (dollars, bonds, assets)
Ongoing disputes:
are the reserves sufficient
transparency of reports
👉 The workhorse of the market, but trust is 'on the company's word.'
$USDC
❌ Also not government
Released by Circle
More:
transparent audits
regulation in the USA
But still:
depends on banks
can be frozen by the decision of regulators
👉 More 'white' and neat, but still private.
$KGST
✅ Government stablecoin
Pegged to the government currency
Behind it stands:
the state
central or authorized financial structures
Used not only in crypto, but also:
for government settlements
digital economy
domestic and cross-border payments
👉 Not just a token, but a digital continuation of the national currency.
Briefly in one comparison
USDT / USDC — this is
💼 private digital dollarsKGST — this is
🏛 government digital stablecoinWhy is this important
USDT and USDC can:
freeze
restrict
disable address
KGST:
part of the public financial system
created for a long-term strategy, not for the market

