Topic: What is the most trusted stable coin currently (in your opinion)? (Read 817 times)
September 16, 2022, 12:36:45 PM
Already knew how to answer this question. When read the posts of other people, I was convinced that everyone thinks the same way and the answer is obvious. Undoubtedly it is USDC and BUSD. The most in my humble opinion good coins. I can't say anything bad about USDT as I use it all the time. Everyone uses these coins because they are in trading pairs on any exchanges.
September 15, 2022, 10:59:53 PM
USDC and BUSD are the safest stablecoins for me because they are backed by huge exchange platforms like Coinbase and Binance so I have no doubts worry about them. I prefer stablecoins backed by fiat money because they have a high safety rate for each trader and investor. As for the stablecoins backed by the algorithm system, they are high risk because there are no guarantees that support their system, Stablecoins have many advantages in saving our money from market volatility, but if the stablecoins I mentioned collapsed, this could lead to much greater damage in the crypto space.
September 15, 2022, 12:28:32 PM
BUSD is a stablecoin that is compared to the US dollar with a ratio of 1:1. The BUSD stablecoin has gone through extensive audit process and is working on multiple blockchains. It basically offers fast transactions with low fees. This currency can be transferred quickly from anywhere at any time. Currently BUSD demand as a stable coin has increased significantly.
September 15, 2022, 10:29:24 AM
What do you think?
Of the tokens you named, USDT seems the best to me. Because USDT is most trusted, there are almost all exchanges and if someone tells me after USDT, I will tell them about BUSD because BUSD is a project of BSC Blockchain. I think these two stable coins are the best
September 15, 2022, 03:05:43 AM
I know this question has been answered many times before.
However, I want the current market outlook.
Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
What do you think?
Thank you.
However, I want the current market outlook.
Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
What do you think?
Thank you.
For me, it is USDT and BUSD because this 2 stable coin has a good market cap, and there's a lot of traders use these 2 stable coin, BUSD is high stable because we all know that this coin is a carrier coin of Binance, the other are good but I don't think using it is a good idea, because you can never earn profit by holding it unless you use it in buying and selling your favorite alts.
September 15, 2022, 02:56:50 AM
According to my experience of trading on exchanges, I always see that USDT and BUSD are included in most exchanges or almost all of them.
This is where we can see that this duo can be said to be stable in the crypto industry. This two are almost the same, but even so, I can't say
anything bad about these two, they are both really good in my opinion because I also often use the usdt every time I have something to do. I
transaction to withdraw money from the exchange site platform via P2P.
This is where we can see that this duo can be said to be stable in the crypto industry. This two are almost the same, but even so, I can't say
anything bad about these two, they are both really good in my opinion because I also often use the usdt every time I have something to do. I
transaction to withdraw money from the exchange site platform via P2P.
September 15, 2022, 01:49:00 AM
I know this question has been answered many times before.
However, I want the current market outlook.
Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
What do you think?
Thank you.
Usually, Stablecoins are not coins I hold for long even if I sell my coins/token to them, however, I am always on Binance for most of my trade so I use BUSD and USDC. On some occasions, I still use USDT if that's the option available for trade in the Exchange and will also convert back to the two previously mentioned. However, I want the current market outlook.
Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
What do you think?
Thank you.
September 15, 2022, 01:19:08 AM
USDT appears to always get the heat, why? They update the balance sheet daily: https://tether.to/en/transparency/
Next would be usdc.
Next would be usdc.
September 15, 2022, 01:05:52 AM
I know this question has been answered many times before.
However, I want the current market outlook.
Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
What do you think?
Thank you.
You are right that currently USDC and BUSD are the best among the options you wrote above, because I also hold these two stablecoins. Using USDC and BSUD as a pair is safer than using USDT which is audit, regulatory and non-transparent in terms of auditing, regulation and storage, stablecoins like Tether (USDT) are arguably higher risk because they are less trustworthy. Although USDT has US dollars, it is held in unreliable offshore banks and USDT is not audited regularly. However, I want the current market outlook.
Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
What do you think?
Thank you.
September 14, 2022, 10:50:47 PM
if i choose between usdt or busd. both are currently the most popular stable coins. busd no negative news and I think binance is still the most preferred exchange product to date, so no worries about it. On the other hand, USDT, there was indeed some negative news that hit him, but so far it doesn't seem to have affected its development much, especially during a bearish season like the current stable coin.
it's a great choice, and I'm sure a lot of people also use the stable coin for their benefit.USDT may be more flexible, as it can make transactions across multiple networks available on multiple exchanges.
but for Binance members, BUSD is a stable asset that will be an option.
September 14, 2022, 10:42:59 PM
if i choose between usdt or busd. both are currently the most popular stable coins. busd no negative news and I think binance is still the most preferred exchange product to date, so no worries about it. On the other hand, USDT, there was indeed some negative news that hit him, but so far it doesn't seem to have affected its development much, especially during a bearish season like the current stable coin.
September 14, 2022, 10:34:29 PM
Okay, I got so much insight from reading replies in this thread. Without too much knowledge before, I used to use USDT many times and feel comfortable with it. I never faced difficulty or trouble when I used it so I choose USDT. I've ever thought to keep my money in stablecoins before to see how the banking system is actually not that secure, but after reading this thread I think I should reconsider keeping my money in stablecoins. Just like many people said here, a stablecoin is good for transactions but not to hold, moreover in long term.
September 13, 2022, 01:07:17 PM
I made this post to discuss together which stable coin is the best stable coin in your opinion ?
The current biggest stable coins are:
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD
These are the biggest by marketcap .
After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .
yes, I agree with the research you have done, because for now and maybe until the future I trust BUSD more than USDT. because so far I've heard a lot of negative things about USDT and DAI, which makes me even more suspicious of USDT and DAI. but everyone has a different perception of stablecoins.
September 12, 2022, 09:25:23 AM
Stable coin are famous because of its services i think that usd is expanding very fast and spontaneously because of the people enthusiasm and its own properness. I just suggest that if you craves to be a user of stable coin then usd is an awesome claim try to be wealthier with the help of stable coin and get that do not make understandings on thoughts of others.
September 11, 2022, 11:58:59 PM
True. USDC and BUSD are the most trusted stable tokens. there was a reason why people called that as the most trusted stable token. The fact that if it's supported by newyork regulators. I just remind you that of regulators will not be randomly choosing the token or coin that will be worth to be supported. You must also search some articles and official announcements by newyork regulators about that.
It is my opinion that we should never trust completely in stable coins and this is because trusting in a centralized entity that assure us that they are backing their currency with another asset is what got us in the disaster that are fiat currencies in the first place, we must always remain vigilant regardless of which of the many popular stable coins there are in the market we actually decide to use, this way in the case there is something wrong with one of them we will avoid or at least reduce the losses we could suffer. 
September 04, 2022, 04:06:57 PM
so far I only use USDT and BUSD only they are both safe I think they both are most suitable for easy use. USDC tends to be used less often but it's not bad either. but which of them is the most trusted that may be your question. I think that among them the most open is BUSD because only BUSD is openly backed up by Binance.
USDC is the more trusted stable coin than USDT and BUSD be it’s fully regulated and transparent to there reserved audit. It’s own by well known US company Circle which is a good sign that this stable coin will gonna be alive for the long run since every USDC is surely backed by USD in there bank reserve. USDC is slowly getting the majority share of stable coins in the market. I’m more confident using USDC rather than USDT that is widely use now in crypto because there company is not showing any shady behavior since they start to introduce the token to the public.
BUSD is as trusted as USDC simply because BUSD also have its regular audit. If you want to find out more about BUSD you can check this link : BUSD: All You Need To Know About the Stablecoin, and see for yourself why BUSD is in par with USDC in terms of the trust.
Because of how widely regarded and important USDT and BUSD are, in my opinion, they are the best. While USDT is the most well-known and is used by practically everyone, BUSD is owned by Binance and is therefore constructed on the Binance Smart Chain. They have a very low transaction fee when swapping and transferring from one exchange to another, and I'm sure that they are still the best.
Well, it looks like Tether had their USDT being audited[1], I don't know how reliable is the audit done on USDT.
[1] https://tether.to/en/transparency/#reports
September 04, 2022, 03:54:40 PM
Because of how widely regarded and important USDT and BUSD are, in my opinion, they are the best. While USDT is the most well-known and is used by practically everyone, BUSD is owned by Binance and is therefore constructed on the Binance Smart Chain. They have a very low transaction fee when swapping and transferring from one exchange to another, and I'm sure that they are still the best.
September 02, 2022, 11:18:52 PM
BUSD and USDC is must trusted and USDT also trusted for me. and must of the time i use USDT for convert it with fiat money and USDT is much popular stable coin on Binance p2p trading . I always feel comfortable exchanging my crypto with usdt to convert it to fiat money. but for holding big amount of stable coin i think BUSD & USDC will be a better choice
many people consider usdt unreliable to use but it is clearly the most used stablecoin, i am also a regular p2p user on binance and usdt is the most popular stablecoin, not only on binance but i find it popular with most other exchanges like huobi vs bybit...
i don't really see much of a difference between stablecoins, it's best not to keep them for long and only use them when necessary, buying and selling stablecoins is not too difficult, so we can buy when we need to limit long-term holding
There is now quite a large selection of stablecoins available, but I like most people would prefer the most popular and widely used stablecoins.
The answer is USDT, which is not only that USDT always ranks highest among other stablecoins. However, USDT is also almost listed on
the majority of exchanges in circulation, so it will be easier to move our USDT from one exchange to another. Even so, I don't agree with your
opinion that says don't keep our funds in stablecoins too long, because for me it is okay to keep our capital in stablecoin for a long time,
mainly to avoid the volatile crypto market. In fact I always keep the profit I get from trading on stablecoins. I think as long as we choose
stablecoins with reliable track records like USDT, it is not a problem to keep our funds in stablecoins for a long time.
September 02, 2022, 10:27:58 PM
I really enjoy using BUSD the reason is that BUSD is much more open than other stable coins. BUSD is definitely backed by the best exchange in the world that's why I have no doubts about the stability of this coin from Binance. but it is a pity that the BUSD network is not extensive, it seems that not all markets can accept BUSD as a deposited currency, it is still less popular than USDT, but from my belief I prefer BUSD.
September 02, 2022, 10:23:37 PM
BUSD and USDC is must trusted and USDT also trusted for me. and must of the time i use USDT for convert it with fiat money and USDT is much popular stable coin on Binance p2p trading . I always feel comfortable exchanging my crypto with usdt to convert it to fiat money. but for holding big amount of stable coin i think BUSD & USDC will be a better choice
many people consider usdt unreliable to use but it is clearly the most used stablecoin, i am also a regular p2p user on binance and usdt is the most popular stablecoin, not only on binance but i find it popular with most other exchanges like huobi vs bybit...
i don't really see much of a difference between stablecoins, it's best not to keep them for long and only use them when necessary, buying and selling stablecoins is not too difficult, so we can buy when we need to limit long-term holding
However the problem with stable coins is that you should never store them for the long term and that is because if at any moment it is found out that one of those centralized coins did not maintain the ratio of fiat that was supposedly backing their coins then there is going to be an overnight collapse on that coin, which means that your losses could be massive, so it is not recommended for anyone to hold those coins the a long term.
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