Currently what I am doing is using Binance exchange, and through this platform apart from Bitcoin I use USDT and BUSD and sometimes ETH as well, but often USDT when I withdraw money from the binance platform. So, in short these two, from what I can see of his behavior here, he is quite stable and he is not that affected if the price of the value of bitcoin falls. Also, if you look at its volume it is around 5.7B$ while USDT was around 47B$ plus according to CMC( coinmarketcap )
BUSD volume - https://coinmarketcap.com/currencies/binance-usd/
USDT volume - https://coinmarketcap.com/currencies/tether/
But a close friend of mine said USDC is more stable compared to USDT, I don't quite understand that although USDT is often used in most exchange platforms, as long as I remember he mentioned that there were times when there were problems with usdt compared to the USDC. However, I am still currently researching this matter.
Topic: What is the most trusted stable coin currently (in your opinion)? - page 3. (Read 804 times)
August 09, 2022, 09:09:00 PM
August 09, 2022, 08:40:20 PM
Well, no.3 is my favorite trusted stable coin currently, BUSD from Binance Smart Chain.
Too many people doubting Tether (USDT), therefore i choose to using BUSD than USDT in my transactions.
When UST stable coin from LUNA value drop, more people started to doubt all stable coins in crypto, but i think BUSD is different from UST.
Too many people doubting Tether (USDT), therefore i choose to using BUSD than USDT in my transactions.
When UST stable coin from LUNA value drop, more people started to doubt all stable coins in crypto, but i think BUSD is different from UST.
August 08, 2022, 06:40:35 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.
If I get a chance I would go for USDC.I have read some very amazing reviews about it.
I have almost gone though all the comment and most of the members suggested USDC
August 08, 2022, 06:50:18 PM
When it comes to stablecoin, I'm personally more comfortable with USDT, probably because it has support from different blockchain and as they said old habits die hard. I've found myself going back to use either USDT or busd. From the information on CoinMarketCap, USDT tends to have a higher capitalisation than other stable coin and that could be because of the trust it has earned from several users of the stable coin.
August 07, 2022, 06:09:29 PM
With the audit involved, I think the most trusted stablecoin would be USDC and BUSD. They had a documented record of audit that shows their stablecoin is full backed by $USD and it was proven that logarithmic stablecoin isn't that stable, just look at what happen to UST, and USDT had caught lying to us regarding their statement that they are fully backed up by USD.
August 07, 2022, 03:18:46 PM
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.
DAI is the best stablecoin among them all simply because it's decentralized. But that doesn't mean there's no risk involved when holding it. Maker's stablecoin (DAI) could easily lose its peg if ETH goes all the way down the drain. It's a collaterized stablecoin after all. So far, DAI has maintained its 1:1 ratio to the US Dollar, so it's very unlikely it'll go anywhere soon.
I wouldn't trust centralized stablecoins (especially Tether) because the risks of loss are extremely high. Many things could happen starting from the company/issuer running away with the money (scam), from governments taking action against the centralized stablecoin itself. Regulators are now closely following the stablecoins industry after Terra's UST collapse, so I'd recommend anyone to choose decentralized alternatives just to be safe. Just my opinion
August 07, 2022, 01:08:22 PM
I am not sure what you meant by trusted stablecoin? The top three on your list are controlled by a centralized exchange. Then how can you gain trust? There have been several articles and discussion in the past that stablecoin can be easily frozen and controlled by those centralized exchanges. For trading and payment purposes they do come handy but not for holding.
Yes, all of them are not 100% safe but we still have to use them, sometimes it is essential for our investment. If you just hold bitcoin and when bear season comes, bitcoin price plummets, your assets will also be severely affected, but if you hold USDT or BUSD during bear season, you will be much more secure. Meaning that eventually we are going to start looking at things that would make sense to not even ignore or check, and eventually those decentralized versions will be the ones that we are using a lot. This is why I believe that we shouldn't be focusing on USDT or BUSD or USDC anymore, those things are of the past and what is of the past doesn't really suppose to be things that we look at right now anymore for our own future.
August 05, 2022, 06:03:57 PM
Usdc and BNB are the most reliable ones, usdt isn't 100% reliable in my own world, only time will tell and if a big massive crumble is going to happen to crypto in future it will be from usdt, if usdt goes down crypto space will crumble for years.
How much time you need for that? I mean if it would crumble surely it would be by now. They have won ton of court cases where they have suspected being a fraud. And they have to audit themselves to that. But for some reason people want that they are fully transparent to public. Which isn't how any serious business operates.
August 04, 2022, 04:26:57 PM
I think the stablecoin I have trusted is USDT because USDT is still in the top 3 based on coinmarketcap...
The large capitalization of a stablecoin cannot be a guarantee of its security. After all, any issuer of a stablecoin can print an unlimited amount of its stablecoin, which can increase its capitalization several times at once. Here, the reliability of the issuer behind this stable coin is more important, and what reserve assets are used and their quantity to support a stable exchange rate.
August 04, 2022, 04:04:49 PM
I think the stablecoin I have trusted is USDT because USDT is still in the top 3 based on coinmarketcap. although there are many negative assumptions about USDT but I still hold USDT to this day. maybe BUSD has won the trust of users because BUSD is a product of Binance and is fully supported by binance which has become the largest exchange market today. but I trust USDT more until now.
Despite of the negative comments, usdt is still standing strong on the number 3 spot and I think this is because a lot of people are still using it and like you, they are also unaffected with what they hear but will you guys wait before the bad thing really happens with this coin? Oh well, at least you have been warned. So you guys shouldn't complain and cry later on.There are many coins that are under the top spots of cmc before, that also have gone bad. A couple of them are those meme coins and also the famous terra coin. You better change your preference when you pick and trust a coin and not just totally depending on their ranks.
August 04, 2022, 08:20:01 AM
I think the stablecoin I have trusted is USDT because USDT is still in the top 3 based on coinmarketcap...
The large capitalization of a stablecoin cannot be a guarantee of its security. After all, any issuer of a stablecoin can print an unlimited amount of its stablecoin, which can increase its capitalization several times at once. Here, the reliability of the issuer behind this stable coin is more important, and what reserve assets are used and their quantity to support a stable exchange rate.
August 04, 2022, 07:01:10 AM
I think the stablecoin I have trusted is USDT because USDT is still in the top 3 based on coinmarketcap. although there are many negative assumptions about USDT but I still hold USDT to this day. maybe BUSD has won the trust of users because BUSD is a product of Binance and is fully supported by binance which has become the largest exchange market today. but I trust USDT more until now.
August 04, 2022, 12:10:25 AM
I am not sure what you meant by trusted stablecoin? The top three on your list are controlled by a centralized exchange. Then how can you gain trust? There have been several articles and discussion in the past that stablecoin can be easily frozen and controlled by those centralized exchanges. For trading and payment purposes they do come handy but not for holding.
Yes, all of them are not 100% safe but we still have to use them, sometimes it is essential for our investment. If you just hold bitcoin and when bear season comes, bitcoin price plummets, your assets will also be severely affected, but if you hold USDT or BUSD during bear season, you will be much more secure.
August 04, 2022, 12:07:50 AM
BUSD. Although USDT is more widely used by everyone, there are still things they hide that are still not clear to the public view. An example is how about a USDT backup which says 1:1 with FIAT, but some people believe it's only a few percent. but BUSD is clearer with a trusted exchange, it is a strong backup.
August 03, 2022, 11:34:02 PM
I'll go with USDT too. However, I've no idea why, just lots of people(business) are using it and so am I. But reading through all the replies up there makes me realize that it's time for me to do some research 
USDT is considered as the default stable coin in the market, so for a newbie like you being mentioned and encouraged to use USDT is not strange. Once you've been in the market for a while and start doing your own research, you'll find the coins that work for you, don't worry.
If comparing USDT with other stablecoins is not so bad as people say, USDT is still being used on most exchanges so you don't have to worry.
August 03, 2022, 11:25:45 PM
I'll go with USDT too. However, I've no idea why, just lots of people(business) are using it and so am I. But reading through all the replies up there makes me realize that it's time for me to do some research
August 03, 2022, 11:15:26 PM
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.
For now it will be safer if we choose USDC, because the stablecoin token made by Circle has reserve assets not only US dollars, but also US government bonds or short-term US Treasury as its reserve assets.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.
With the short-term United States Treasury as one of its reserve assets, the USDC stablecoin becomes more attractive because it is relatively safer than other stablecoins and USDC is a stablecoin pegged to the US dollar at a 1:1 ratio, like other stablecoins. each unit of this crypto in circulation is backed by US$1 held in reserve, in the form of a cash mix.
so don't be surprised if USDC is safer and the price is still stable, the market capitalization of USDC is still increasing.
August 03, 2022, 10:58:45 PM
It's USDC and BUSD for me.
USDT Tether has been the the first stablecoin out there but throughout the years, it has been into many controversies that affected the trust of some people but even though Tether had those problems, many people and many exchanges are still using it alongside other stablecoins.
Will I put my money there? I don't think so because anytime, it might de-peg like what happened to UST. Maybe some will say that UST is different from other stablecoins for some reasons and that might be true but we don't know what can happen. Did we expect UST to be like what it currently is right now? We also saw USDT de-peg momentarily before going back to 1$. Overall, all people can trust any stablecoin out there but as for me, the 2 that I said is what I trust the most.
USDT Tether has been the the first stablecoin out there but throughout the years, it has been into many controversies that affected the trust of some people but even though Tether had those problems, many people and many exchanges are still using it alongside other stablecoins.
Will I put my money there? I don't think so because anytime, it might de-peg like what happened to UST. Maybe some will say that UST is different from other stablecoins for some reasons and that might be true but we don't know what can happen. Did we expect UST to be like what it currently is right now? We also saw USDT de-peg momentarily before going back to 1$. Overall, all people can trust any stablecoin out there but as for me, the 2 that I said is what I trust the most.
August 03, 2022, 10:26:53 PM
I only believe in stable coins USDC, BUSD, I have held these two coins since 2018 and I still consistently hold these two coins, I will make these two stable coins as assets for the future.
August 03, 2022, 02:29:41 PM
for me, USDT(Tether) inspires confidence, although many people say bad things about this stablecoin, but in the end it ranks 3rd in CMC by capitalization and its capitalization continues to grow.Also, for me, the USDC is in second place, I can't say anything bad about this stablecoin.
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