Topic: What is the most trusted stable coin currently (in your opinion)? (Read 804 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.
September 02, 2022, 05:11:24 PM
...however, one is as good as the other the security level is the same for all stable coins
In fact, the security level of stablecoins is different, and first of all, this difference lies in whether the stablecoin is centralized or decentralized. When choosing a centralized stablecoin, you must fully trust the issuer of the stablecoin you have chosen. If you are a supporter of decentralization, then in this case your choice should stop at DAI.
September 02, 2022, 05:08:17 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
September 02, 2022, 04:56:28 PM
They are all more or less trustworthy i rely on usdt but only because it was the first and by now i'm used to it, however, one is as good as the other the security level is the same for all stable coins
September 02, 2022, 04:13:33 PM
Well, with regular audits and definite regulations that exist on BUSD and USDC, the most trusted and low-risk stablecoins are these 2 coins so they are still very safe when we want to secure some altcoin or BTC assets against stablecoins so there is no high decline in value when the market bears come, especially when the two reserve coins have large volume markets, so my choice remains BUSD and USDC for stablecoins.
September 02, 2022, 03:43:34 PM
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
September 02, 2022, 10:53:05 AM
If we're talking about the stablecoins that are best at resisting de-peg, they are DAI and TUSD. The other stablcoins on this list are more susceptible to de-peg in moments of market volatility. We can also say about USDT and USDC centralized stablecoins that they are the most regulated and subject to various sanctions and blocking. So it is very dangerous to use only these stablecoins, diversification is necessary, but never use algorithmic stablecoins, they are extremely imperfect and very volatile in times of market volatility.
September 02, 2022, 06:39:15 AM
So there are many stable coins running in the market right now. A stablecoin is a crypto coin whose value is always equal to one dollar.BUSD is one of my favorites stable coin which is most trusted and stable coin.It is also known as Coin of Binance Exchange.and this coin busd is approved by new york state department of financial services,its means that if you are taking BUSD, it has real assets to back it up.The reason for selecting BUSD is that they are audited, safe and secure,back up by real dollars. One BUSD is equal to one dollar.
September 02, 2022, 04:41:47 AM
I think it's true that using USDC and BSUD as a pair is safer than using USDT which is not transparent in terms of auditing, regulation and underlying storage, as stablecoins like Tether (USDT) are said to be at higher risk because they are less trustworthy. Although USDT has US dollars as its base, it is held in less reliable offshore banks and USDT is not audited regularly. This is in contrast to Binance USD (BUSD) which the company audits every month to make sure the money in the bank is equal to the BUSD in circulation. Meanwhile, USD Coin (USDC) follows United States regulations and cooperates with banks and auditors to be audited every month.
September 02, 2022, 03:35:32 AM
BUSD is my #1 at the moment, too much uncertainty about USDT and USDC
September 01, 2022, 07:23:17 PM
All stable coins pegged to the USA dollar are under a lot of pressure due to the US I savings bond rate.
At the moment an I bond which is also pegged to the dollar by the US government is paying 9.62%
This hurts every stable coin bigly.
Why should I invest in a stable coin pegged to the dollar unless it pays more than 9.62%
Note I bonds are available to US citizens. I see the I bond rate and inflation itself being created on purpose to attack crypto especially USD pegged stable coins.
https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm
"Series I Savings Bonds
NEWS: The initial interest rate on new Series I savings bonds is 9.62 percent. You can buy I bonds at that rate through October 2022. Learn more.
KEY FACTS: I Bonds can be purchased through October 2022 at the current rate. That rate is applied to the 6 months after the purchase is made. For example, if you buy an I bond on July 1, 2022, the 9.62% would be applied through December 31, 2022. Interest is compounded semi-annually."
So this means all dollar pegged coins are fighting that interest rate.
I hold no stable coins and I do have I bonds
At the moment an I bond which is also pegged to the dollar by the US government is paying 9.62%
This hurts every stable coin bigly.
Why should I invest in a stable coin pegged to the dollar unless it pays more than 9.62%
Note I bonds are available to US citizens. I see the I bond rate and inflation itself being created on purpose to attack crypto especially USD pegged stable coins.
https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm
"Series I Savings Bonds
NEWS: The initial interest rate on new Series I savings bonds is 9.62 percent. You can buy I bonds at that rate through October 2022. Learn more.
KEY FACTS: I Bonds can be purchased through October 2022 at the current rate. That rate is applied to the 6 months after the purchase is made. For example, if you buy an I bond on July 1, 2022, the 9.62% would be applied through December 31, 2022. Interest is compounded semi-annually."
So this means all dollar pegged coins are fighting that interest rate.
I hold no stable coins and I do have I bonds
August 22, 2022, 01:06:38 PM
USDC is my choice but I am sure most are ok. Only USDt has had some bad press in the past.
August 18, 2022, 12:07:18 AM
Surely stablecoins can be trusted because people know that the token's value is consistently tied to the currency. People will buy and use these tokens if needed in their transactions, especially if they want to avoid the high volatility risks that come with other crypto assets. There are many types of stablecoins as you mentioned but the most important thing is fiat stability.
I think having faith in stablecoins depends on the question "Who are stablecoins used for?" If for speculation, will be vulnerable to market risk.
I think having faith in stablecoins depends on the question "Who are stablecoins used for?" If for speculation, will be vulnerable to market risk.
August 17, 2022, 11:56:46 PM
My most trusted Stable coin is Tether and USD coin. My portfolio is heavily weighed in BTC and I’m always looking to diversify. I consider these two to be the most trustworthy of them all.
My reasons for liking these tokens are they are some of the most traded in terms of daily volume and I see increased adoption for the foreseeable future. I think these two tokens offer the most upside potential for me but I’m holding long on both.
My reasons for liking these tokens are they are some of the most traded in terms of daily volume and I see increased adoption for the foreseeable future. I think these two tokens offer the most upside potential for me but I’m holding long on both.
August 14, 2022, 08:13:16 AM
I switched to MAI and MIM for stables and 0xMonero for mixing since Tornado cash is offline.
August 13, 2022, 03:14:47 PM
my choice is DAI and BUSD...
especially BUSD which belongs to the Binance exchange (one of the best and most popular crypto exchanges in the world), as long as I actively use both I have never encountered a problem and the fee required for transactions is also very small compared to other stable coins.
especially BUSD which belongs to the Binance exchange (one of the best and most popular crypto exchanges in the world), as long as I actively use both I have never encountered a problem and the fee required for transactions is also very small compared to other stable coins.
August 13, 2022, 11:18:31 AM
decentralized Stable coins are better than centralized stable coins at all. furthermore there are some major decentralized stable coins which based on substrate are gonna change whole stable coins mechanism . ( ausd) stable coin provided by acala. you can find some details with the link i stick below. always keep your eye on Polkadot and it's ecosystem's coins and tokens.
https://acala.network/
https://acala.network/
August 12, 2022, 06:46:25 PM
There are differences between the various stablecoins. As the number of stablecoins increases it is important to have a solid understanding of the options that are the most practical and securely rooted based on market capitialization these are the top stablecoins available right now Theter USDT is the most well known stablecoin in the cryptocurrency industry and its name comes from the fact that its value is tethered to that of the US dollar It is backed by regular currencies as well as cash equivalents in addition to gold Tether is also well known for its easy integration with crypto to fiat platforms and its high level of security.
Have they had an idea - they might not have invested in LUNA. Hard luck comes uninvited and there is no escape from it.
August 13, 2022, 07:08:27 AM
well well well, looking at our condition, we all gonna chose USDT again, isn't it?
TUSD gone
USDC risk on sanction
or maybe we can choose BUSD with cz still backing it.
TUSD gone
USDC risk on sanction
or maybe we can choose BUSD with cz still backing it.
August 10, 2022, 12:15:50 AM
There are differences between the various stablecoins. As the number of stablecoins increases it is important to have a solid understanding of the options that are the most practical and securely rooted based on market capitialization these are the top stablecoins available right now Theter USDT is the most well known stablecoin in the cryptocurrency industry and its name comes from the fact that its value is tethered to that of the US dollar It is backed by regular currencies as well as cash equivalents in addition to gold Tether is also well known for its easy integration with crypto to fiat platforms and its high level of security.
August 09, 2022, 10:03:52 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 $USD and it was proven that logarithmic stablecoin isn't that stable, just look at what happen to UST, and USDT had caught lying to us regarding their statement that they are fully backed up by USD.
well, I also think that BUSD has great trust, especially when they have a trusted CEO and team and a clear company, making trust in people grow. but still, of all of them, USDT has the most volume, and since the UST incident, I've been thinking about keeping coins stable in my wallet for too long. well, rather than stable coins, maybe I prefer Fiat, or other more popular coins like bitcoin or ethereum. but beyond that, I've only used USDT and BUSD so far for stable coin. August 09, 2022, 09:09:00 PM
Currently what I am doing is using Binance exchange, and through this platform apart from Bitcoin I use USDT and BUSD and sometimes ETH as well, but often USDT when I withdraw money from the binance platform. So, in short these two, from what I can see of his behavior here, he is quite stable and he is not that affected if the price of the value of bitcoin falls. Also, if you look at its volume it is around 5.7B$ 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.
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.
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.
August 03, 2022, 10:15:09 AM
snip
I agreed that USDT more widely used and known but it's background is little bit shady than USDC and BUSD. If anyone ask me for the trust then I will prefer first BUSD and USDC then USDT. Because usdc is backed by us dollar and BUSD is also back by us bank . On the others hand usdt has the higher trading volume but it's not fully backed by cash reserves. Also have some reputation issue.USDT is backed by USD and government bonds, unlike USDC and BUSD which is 100% backed by USD. Personally, I don't see much difference in the use of stablecoins, despite the shady accusations of USDT but look, trading volume is still at the top among all stablecoins and is supported by all trading platforms.
You can use whatever stablecoin you feel comfortable with as long as you don't hold all your assets in stablecoin.
August 03, 2022, 09:31:35 AM
snip
I agreed that USDT more widely used and known but it's background is little bit shady than USDC and BUSD. If anyone ask me for the trust then I will prefer first BUSD and USDC then USDT. Because usdc is backed by us dollar and BUSD is also back by us bank . On the others hand usdt has the higher trading volume but it's not fully backed by cash reserves. Also have some reputation issue. 
August 01, 2022, 05:11:49 PM
Despite that many don't like USDT today and say that they're preferring BUSD to it, the volume of it is still high and that's why it's on the top. Even, if there's a centralized stablecoin that I should choose, I'll be having BUSD. The issuer of it has proven its worth and the business that they're running. Thus, they've got several assets and partnerships that will make their own stablecoin stand and be tested over time.
You choose your pick and be aware that you know what behavior they can have by providing these stablecoins.
The main reason people like me prefer BUSD over USDT is not because the stablecoin itself, but because it is something that I would always prefer based on the company. I do not know about Tether, it is a company and there are some executives there, that's literally all I know about it.You choose your pick and be aware that you know what behavior they can have by providing these stablecoins.
But, Binance is not like that, I trust it more because I know for a fact that I use them a lot more, it is not just a stablecoin company with billions in the bank, they are also a huge exchange which means that they actually do have all of our money there anyway. We trust them with our funds when trading, so why not trust them with BUSD when we already gave that away once.
August 01, 2022, 08:44:07 AM
Most trusted? I don't think I could give 100% trust to any stablecoin, I don't think trust is the term. I mostly use BUSD to send or receive money, but it's not because I trust it, I wouldn't hold the coin any longer than I should, I just think since it's own by binance I could rely on them that BUSD will still has value as long as binance is operating, but I couldn't trust Binance is totally honest about their statement that they have 1 USD for every 1 BUSD in their reserve.
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August 01, 2022, 06:14:55 AM
But I'm curious about the word "trust" you say because it means we trust stablecoins. But in what way?
I prefer to use USDT than anything else. And I often use USDT in converting my bitcoins or altcoins because I see for trading, USDT is more widely known on many exchanges (or maybe I'm wrong on this). But I don't use other stablecoins very often, but I don't know why.
I prefer to use USDT than anything else. And I often use USDT in converting my bitcoins or altcoins because I see for trading, USDT is more widely known on many exchanges (or maybe I'm wrong on this). But I don't use other stablecoins very often, but I don't know why.
August 01, 2022, 04:36:10 AM
Many will say that they trust those stablecoins that are supported and made by exchanges like BUSD, USDT, and USDC. If you're not for those stable coins, you have the option to choose DAI. Just for the sake of others, DAI is a decentralized stablecoin and that's why many do like it and it's like low-key stablecoins. And to know more about what's with DAI and it's maintainer MakerDAO, you can do some research about them and the definitions about them.
(https://en.wikipedia.org/wiki/Dai_(cryptocurrency))
(https://en.wikipedia.org/wiki/Dai_(cryptocurrency))
honestly, with the current situation today, i am trusting more the BUSD over USDT. USDT had a history of admitting they were not fully backed by assets. and somewhat, the 3rd party auditor of their platform is not very clear with things. but at the end of the day, it is your money, much better if you will not store your funds in stablecoin for long-term purposes. as they are mostly centralised, your funds can be frozen anytime. this is why some are going into decentralised stablecoin like DAI.
You choose your pick and be aware that you know what behavior they can have by providing these stablecoins.
August 01, 2022, 04:05:27 AM
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.
well, as long as it's centralized, I think there will be stable potential for the coin to be like UST. however, if this is in the long term, I also prefer to hold the assets I have in bitcoins rather than 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.
it's just that, for now, I mostly use USDT and BUSD for coin stability. I think, the two stable coins are bigger than the others, so the potential to fall is still less than the others. however, I've always used only the two stable coins.
August 01, 2022, 03:49:28 AM
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.
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.
Crash of UST is also possible with these stablecoins but the likelihood is much lower. UST is an algorithmically stable coin backed by other crypto-assets, which poses a risk when the market declines in the value of the cryptocurrency, leading to the UST's hedge fund not guaranteed. Unlike UST, USDT or USDC is backed 1:1 with USD. This is somewhat safer. I am not saying that USDT will be absolutely safe as there are many factors we have not considered, but it will be more secure than algorithmically stable coins.
August 01, 2022, 03:48:38 AM
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.
August 01, 2022, 03:43:37 AM
Same sentiment on those two coins of usdc and busd. If Im gonna hold any stablecoin then these two are the top on my list since they are pretty well established. Usdt is also good in terms of trading as the volume is really important on such trading parameters. But when it comes to safety I prefer those two no doubt.
I like the idea of busd stablecoin when using Binance platform incurred zero fees which is quite helpful.
I like the idea of busd stablecoin when using Binance platform incurred zero fees which is quite helpful.
August 01, 2022, 03:17:40 AM
I will just talk about the stable coins that I have so far used, and that is USDT.
So far, although I have heard about a lot of negative things regarding this coins since like 2018, I still used them and so far it was good as far as my experience goes. So I will say that for me, it will be USDT. I don't want to used the word 'trust' though as it is subjective. But maybe because it was the first stable coin (as far as I know), and that is why up to this day, although there are a lot of better options, crypto investors are still using them.
So far, although I have heard about a lot of negative things regarding this coins since like 2018, I still used them and so far it was good as far as my experience goes. So I will say that for me, it will be USDT. I don't want to used the word 'trust' though as it is subjective. But maybe because it was the first stable coin (as far as I know), and that is why up to this day, although there are a lot of better options, crypto investors are still using them.
August 01, 2022, 03:06:17 AM
Many will say that they trust those stablecoins that are supported and made by exchanges like BUSD, USDT, and USDC. If you're not for those stable coins, you have the option to choose DAI. Just for the sake of others, DAI is a decentralized stablecoin and that's why many do like it and it's like low-key stablecoins. And to know more about what's with DAI and it's maintainer MakerDAO, you can do some research about them and the definitions about them.
(https://en.wikipedia.org/wiki/Dai_(cryptocurrency))
(https://en.wikipedia.org/wiki/Dai_(cryptocurrency))
honestly, with the current situation today, i am trusting more the BUSD over USDT. USDT had a history of admitting they were not fully backed by assets. and somewhat, the 3rd party auditor of their platform is not very clear with things. but at the end of the day, it is your money, much better if you will not store your funds in stablecoin for long-term purposes. as they are mostly centralised, your funds can be frozen anytime. this is why some are going into decentralised stablecoin like DAI.
August 01, 2022, 02:35:27 AM
Many will say that they trust those stablecoins that are supported and made by exchanges like BUSD, USDT, and USDC. If you're not for those stable coins, you have the option to choose DAI. Just for the sake of others, DAI is a decentralized stablecoin and that's why many do like it and it's like low-key stablecoins. And to know more about what's with DAI and it's maintainer MakerDAO, you can do some research about them and the definitions about them.
(https://en.wikipedia.org/wiki/Dai_(cryptocurrency))
(https://en.wikipedia.org/wiki/Dai_(cryptocurrency))
August 01, 2022, 02:22:21 AM
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.
I will also say that USDT is best, it’s marketcap is comparatively high and also it’s a well popular coin.
The price along with all the coins mentioned in the OP are same but yes availability of USDT is more if we compare it with the rest.
USDT currently can be the ideal stable coin to do a stable or reference trade , but yes people have different opinions ans choice.
OP I suggested you about my experience and knowledge on the matter that you asked, rest is now up to you . What you want to choose or decide.
August 01, 2022, 01:41:54 AM
When you say Trusted , does this mean legit and that will last long ?
Isn't USDT is the safest and most trusted?
though USDC is also making its way now yet Tether is still the most trusted and most reliable as I have been using this over the years.
Isn't USDT is the safest and most trusted?
though USDC is also making its way now yet Tether is still the most trusted and most reliable as I have been using this over the years.
August 01, 2022, 01:36:59 AM
Not fully trusted but more on usage. BUSD it is.
Most of my transactions now are relying on Binance Smart Chain so having BUSD is part of and so does BNB for fees.
But, I don't keep BUSD for a long time, I'd rather buy it again with BNB or other coins because that's not a secure way of keeping funds.
Most trusted: BUSD
As an asset: No.
Even if they have their own software wallet to keep it I would not dare try to make it an asset.
Most of my transactions now are relying on Binance Smart Chain so having BUSD is part of and so does BNB for fees.
But, I don't keep BUSD for a long time, I'd rather buy it again with BNB or other coins because that's not a secure way of keeping funds.
Most trusted: BUSD
As an asset: No.
Even if they have their own software wallet to keep it I would not dare try to make it an asset.
August 01, 2022, 01:06:30 AM
We have witnessed Tether and the like cause trouble many times before. That's why I don't use centralized stablecoins unless absolutely necessary. My choice is DAI because it is a decentralized stablecoin. It has a more secure structure than all of them. I don't trust central systems unless I have to...
August 01, 2022, 12:44:25 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.
August 01, 2022, 12:30:31 AM
If we were to not mind anything else and just choose between the available stable coins out there, I'd go for USDT and BUSD. I've used them for quite a long time now and I don't really have any complaints nor have I actually been inconvenienced afaik. There really weren't any big issues as well that troubled me when I was using them (If there were issues with it, I wasn't really updated with it most of the time).
If you consider how stablecoins are though, I don't think you should use trust on them with how they can basically pull out and ruin whatever amount you have to oblivion. I've never really held stablecoins, I mostly use them for my transactions.
If you consider how stablecoins are though, I don't think you should use trust on them with how they can basically pull out and ruin whatever amount you have to oblivion. I've never really held stablecoins, I mostly use them for my transactions.
August 01, 2022, 12:26:43 AM
So many negative comments about USDT was coming caused by it was not being transparent about the reserved funds to peg its token unlike another stable tokens that became even more transparent. The ability to freeze people's funds owned by majority of stable tokens.
Talking about this feature is not relevant anymore since this function helped so many people to lose their money from the hacked cases.
Talking about this feature is not relevant anymore since this function helped so many people to lose their money from the hacked cases.
August 01, 2022, 12:00:31 AM
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.
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.
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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