Stable coin and trust shouldn’t be in the same sentence. UST was trusted too… then it lost its peg. The same thing may happen to any of these stable coins.
People see them as risk-off assets and park their money there but in reality stable coins are way riskier than the crypto currencies.
I would rather keep my money in btc than keeping it is usdt.
Topic: What is the most trusted stable coin currently (in your opinion)? - page 5. (Read 804 times)
August 01, 2022, 12:00:31 AM
The current biggest stable coins are:
1- Tether: USD
That's USDT mate.
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?
However, USDC and BUSD seems the most trusted .
What do you think?
That's FUD. Tether has won many cases against it in the court. If it was as bad as they said, it wouldn't be standing at this point. The fact that some of it is value is stored in something else then usd is just weird fud as banks themselves are way worse in this comparison (if everyone for some reason tried to withdraw their money at the same time, they couldn't)
Fud will come to other stablecoins too. Just give it time, they just don't have as much haters yet that it would fly.
I prefer usdt, specifically I myself do not really understand between usdt usdc and several other stablecoins because almost all stablecoins have almost the same characteristics. but I often use usdt whether it's to store assets or just as a coin swap from an exchanger to a wallet.
Objectively speaking, USDT remains the most popular stablecoin in spite of the shady allegations surrounding it. However, I believe that we will soon see the USDT overtaken by the USDC and BUSD in the near term .
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
These stablecoins seem very credible to me. And I use them constantly. Especially BUSD & USDT I mostly use for trading purpose and other work. And Coinmarketcap and other trucking sites price truck as rate of USDT. On the other hand USDT is very popular in p2p trading and most people use USDT for P2P.2- USD Coin: USDC
3- Binance USD: BUSD
I agree with you. If you are a P2P trader on Binance, then you also have to admit that the volume of trades is mainly made up of USDT, and not the remaining 4 stable coins. It's risky but we still can't give it up.
1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
These stablecoins seem very credible to me. And I use them constantly. Especially BUSD & USDT I mostly use for trading purpose and other work. And Coinmarketcap and other trucking sites price truck as rate of USDT. On the other hand USDT is very popular in p2p trading and most people use USDT for P2P. 2- USD Coin: USDC
3- Binance USD: BUSD
I prefer usdt, specifically I myself do not really understand between usdt usdc and several other stablecoins because almost all stablecoins have almost the same characteristics. but I often use usdt whether it's to store assets or just as a coin swap from an exchanger to a wallet.
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.
Maybe it's just me but topics on stable coins comparison is becoming frequent lately and it's getting old. I don't know if it's being recycled intentionally or not. This topic for example https://bitcointalksearch.org/topic/busd-or-usdt-which-stablecoin-is-safer-5407643 has four pages of discussions already. It pays to read similar threads and learn from them. If you have further queries AND it's not talked about yet, then ask.
Anyway, here's another good read about the risks of using USDT, USDC, BUSD, and other centralized stable coins
[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
Anyway, here's another good read about the risks of using USDT, USDC, BUSD, and other centralized stable coins
[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
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.
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