busd or USDT safe - page 4. | Bitcointalksearch.org

sirminesalot

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Quote from: beveryu778 on August 08, 2021, 07:49:32 PM

I think all these coins are stable coins.
Here are two coins which are busd and the wine of binance coins. I think the best coin is binance.

Tether is the first USD fiat token which have bigger volume than busd. It's the same but USDT is more popular. Binance is safe but it is from an owned exchange so it could be scam anytime even the chance is 0,1% if we see binance reputation. So i think it's the same nothing better than each other

beveryu778

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Hello World 👽

I think all these coins are stable coins.
Here are two coins which are busd and the wine of binance coins. I think the best coin is binance.

NewRanger

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Quote from: smartaction on August 08, 2021, 10:56:18 AM

Quote from: udayantha11 on June 12, 2021, 07:41:18 AM

BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?

so what is the best ?

Both coins are trustworthy and its value is also same. So I don't see any difference between these two currencies. Yet since BUSD has a large and reliable organization such as Binance. So it dominates a little more than the USDT

it very simple for us, if feel worry by holding this stable coin assets just convert it in fiat and never invest again in crypto market. too many thinking didnt give us money. every saving or investment will always have risk. BUSD or USDT was good stable coin to hold , no matter fundamental behind this coins. too fud that come but none of them proven.

Slow death

legendary

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USDT is becoming more and more popular even with the shady history

surrounding it people (including me) keep using USDT and as a consequence usdt managed to get third position in coinmarketicap, which means it is much further away in terms of marketcap in relation to competition, but BUSD is not bad either, it is performing well by occupying the 11th position in the coinmarketicap

RbiggerG

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Quote from: smartaction on August 08, 2021, 10:56:18 AM

Quote from: udayantha11 on June 12, 2021, 07:41:18 AM

BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?

so what is the best ?

Both coins are trustworthy and its value is also same. So I don't see any difference between these two currencies. Yet since BUSD has a large and reliable organization such as Binance. So it dominates a little more than the USDT

They do hold their value reliably and their respective market shares in the stable coin market are impressive, but we shouldn't forget that both are fully centralized versions and both companies do and did have their scandals and problems. Bitfinex had problems a while ago and is again under investigation I believe and Binance is also involved in problems.

What would happen if they get cease and desist letters or any other requirements that would force them to support their stable currencies? That is the risk with centralized ones.

smartaction

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Quote from: udayantha11 on June 12, 2021, 07:41:18 AM

BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?

so what is the best ?

Both coins are trustworthy and its value is also same. So I don't see any difference between these two currencies. Yet since BUSD has a large and reliable organization such as Binance. So it dominates a little more than the USDT

Stanlo

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Popular stable coins are safe but if you have large amount of money it's wiser to split them on different Chains like BUSD, USDC, USDT and DAI which I believe is more reliable because it's decentralized, other centralised stable coins might face problem once CBDC becomes active

rosebrand

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The two stable coins are good and safe as well, the difference there is USDT has more popularity than BUSD and it's listed in almost all crypto exchange, while BUSD which is the Binance us dollar has more effectiveness in its exchange (Binance) and isn't listed in so many exchanges. BUSD importance is based on the Binance exchange, there are so many features you can use your BUSD to participate on Binance exchange, but among the two USDT is the most preferable.

Anonylz

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With all the rumours going around about usdt not being trusted and not fully audited, although it is the most popular and widely used in almost all exchange, nobody knows what will happen in near future or future what the team will be capable of doing, so for safety reasons, I will better choose busd since the are fully backed.

bitcoin-shark

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sure busd has as a guarantee nothing less than binance a name that currently offers the best guarantee on the market and usdt? it is somehow connected to bitfinex but even if this were to fail usdt would not disappear because it has now been adopted by almost all exchanges

deathcode

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Quote from: DeathAngel on August 08, 2021, 09:07:26 AM

Stable coins worry me & it isn’t because of them being untrustworthy or a worry about their steady store of value. There seems to be a lot of legal action waiting in the wings & regulatory pressure towards them. I worry sometging will happen.

it's like what happened to USDT.
but both will always be safe. I'm sure of it.
for my own use, I use both, but mostly in BUSD because I trade on binance. sometimes also use USDT, it all depends on the asset and the pair of coins I trade.

DeathAngel

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Stable coins worry me & it isn’t because of them being untrustworthy or a worry about their steady store of value. There seems to be a lot of legal action waiting in the wings & regulatory pressure towards them. I worry sometging will happen.

bitcon

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I consider USDT to be quite safe, as it is not going to devalue like different algorithmic stablecoins, because it has collateral.
We use Tether on Tron and on Ethereum, but BUSD only on Binance Chain. So Tether is more widely-spreaded. According to statistics, Tether's trading volume is 5 times higher than on BUSD. It shows that people prefer using it as it supports more exchanging pairs.

ene1980

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Quote from: asriloni on July 30, 2021, 06:19:52 PM

~
it doesn't seem to be a strong proof. If USDC was not properly audited and mastercard will not create a very good cooperation to create a new payment system through use USDC. As far as I know USDC was a very transparent stable coin and it's not the same like USDT. I think that if it's must be included in the exception

These are the initial stages and i am not a huge fan of these stable currencies from the start and it looks like all the projects now identified a way to create stable currencies and what i want to know is how long these so called stable currencies will be stable. We have seen some of the hyped stable currencies bombed big time in the past and the popular ones now might get into trouble at a later time as the government will always find some shit that is not right with them Cheesy

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Sayeds56

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Quote from: feelideb on July 31, 2021, 01:19:54 PM

These stable coin are strong stable coin, Both USDT and BUSD are backed. USDT is back by physical dollar in the bank while BUSD is back by paxogold! Cryptocurrency user should not have problem using both stable coin. However, I have seen a user friend whose fund were locked because of huge amount he holds in these stable coin.

No doubt both are strong stable coins and backed by Fiat dollars but USDT is not considered very reliable as its reserves are held in offshore banks which are less trust worthy, though it is regularly audited and its reserve value is published regularly and its last audit was done in 2018, On the other hand BUSD is backed by Binance which is leading world exchange and has won confidence of its investors by maintaining its credibility and has always followed good business practices since it was launched. BUSD is regulated by the New York State Department of Financial Services.

https://dappgrid.com/busd-vs-usdt-vs-usdc/

Jaered

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No way you should put your faith 100% on any stable coin. That being said, BUSD being Binance pegged should be relatively safer. Also there was a time USDT was under the limelight about being scammy. So watch it

feelideb

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These stable coin are strong stable coin, Both USDT and BUSD are backed. USDT is back by physical dollar in the bank while BUSD is back by paxogold! Cryptocurrency user should not have problem using both stable coin. However, I have seen a user friend whose fund were locked because of huge amount he holds in these stable coin.

RbiggerG

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Quote from: ?? on ??

Quote from: udayantha11 on June 12, 2021, 07:41:18 AM

BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?

so what is the best ?

I myself tend to prefer usdt over busd. Due to the many exchanges on the trade there are more alternatives to usdt . And in terms of value he is still very stable . So if the second option maybe I choose usdt.

It is still the same problem, they still owe the same reports to the same people. The issue is that once these people get to know each other, they also develop incentives to do shit with the power they obviously have. Some people really underestimate how powerful stable coins are by now!

Erdogan

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Quote from: udayantha11 on June 12, 2021, 07:41:18 AM

BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?

so what is the best ?

There is no right answer to this question. In both cases, if something bad happens, our money will be lost. USDT was created earlier, so you can follow the rule that if something is on the market longer it is safer. Binance already has a very good opinion at this point, but let's not forget that even the biggest one may fail.

monineklutak

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Quote from: Renampun on July 31, 2021, 11:24:00 AM

Quote from: udayantha11 on June 12, 2021, 07:41:18 AM

BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?

so what is the best ?

for me both are safe...

busd is a stable coin backed up by binance and usdt tether is a stable coin that has been in position 3 of the marketcap for a long time. you don't have to worry about the government, they definitely won't disturb the stable coin.

Yes, until now both BUSD or USDT are very safe and there is nothing to worry about,
both have also been used by many people so I think it's obvious that it's completely safe

Topic: busd or USDT safe - page 4. (Read 1538 times)