Topic: Which stablecoin do you "trust" the most? - page 3. (Read 483 times)
USDC is currently the option that I feel has gained more confidence than the rest. I also heard about Circle announcing Euro Coin, but honestly, after using other stablecoins like USDT and BUSD, I don't think it's too much of a risk to complain as a small trader. Despite seeing recent incidents of many projects losing the ability to support the very things they created, I also suspect many stablecoins today are being overused in this market.
USDC is likely the best stablecoin. It is widely used and actually backed by dollars in the bank.
Paxos and BUSD (they're both issued by Paxos) are okay. Paxos is extremely risk averse which can sometimes lead to outcomes that don't benefit the users.
I don't like GUSD because Gemini stole users' forkcoins yet those two little pricks prance around like they're the most noble people on the planet when they're actually thieves.
People say DAI is very safe, but they said the same about UST. I would stick to stablecoins backed by dollars, not equivalent amounts of cryptocurrency.
Paxos and BUSD (they're both issued by Paxos) are okay. Paxos is extremely risk averse which can sometimes lead to outcomes that don't benefit the users.
I don't like GUSD because Gemini stole users' forkcoins yet those two little pricks prance around like they're the most noble people on the planet when they're actually thieves.
People say DAI is very safe, but they said the same about UST. I would stick to stablecoins backed by dollars, not equivalent amounts of cryptocurrency.
There are many currencies in the crypto market that invest in currencies to make them more profitable but the most reliable of the stablecoins is the USDT I think this currency is much safer. There is no fear of losing this currency and even if the price goes down, its price will not go down stay in the same place.
Many tokens come and go in the crypto market but the most stable coin that i trust is busd because it's foundation is connected with centralized banks which provides me some. Relief that de-pegging of busd seems difficult as usdt is just only increasing supply and I do not think that they have the right backup for there supply, they are just bluffing and busd seems to be more secure to me well lets see what comes next as usdd of tron is also coming in to the market and it is highly backed by the team reserve
I still prefer USDT in asset conversion and as a tool to see the profits I make while investing in this market. Although I have suffered some FUDs in the past, I never thought there would be enough pressure to put it in danger. Seeing a number of stablecoins collapse recently did not make me feel scared. It is clearly harmful when a major problem in the management of collateral has created a loophole that renders them useless.
although any fud didnt shake your mental or make you panic, you should stay concern on this issue. Aware and care to anticipate what will going to market with this fud. Today we see structured fud on stable coins to shake crypto market. I am believe when it happen actually we are in good condition because whales want to get cheap price. As retail investors we should follow their strategy.
Obviously, no stable coins can be trusted because of the obvious flaws. Still, when we are talking about temporary conversion when the market is congested, I always go for BUSD since for me it's convenient to buy it and to sell it by P2P, another choice might be USDT, and aI think I conclude with these two since I haven't encountered any problem since I'm using it before. When I need to rush to sell my crypto assets, I converted them to BUSD and sell them via p2p and when I'm using other exchanges, I used USDT for my convenience.
I prefer USDC because as far as I know here is the safest place to hold and deposit and this is also very suitable to be done in the long term, for USDT and BUSD I use it more often to trade with other people and make transfers, because I think it will be very safe.
I still prefer USDT in asset conversion and as a tool to see the profits I make while investing in this market. Although I have suffered some FUDs in the past, I never thought there would be enough pressure to put it in danger. Seeing a number of stablecoins collapse recently did not make me feel scared. It is clearly harmful when a major problem in the management of collateral has created a loophole that renders them useless.
although any fud didnt shake your mental or make you panic, you should stay concern on this issue. Aware and care to anticipate what will going to market with this fud. Today we see structured fud on stable coins to shake crypto market. I am believe when it happen actually we are in good condition because whales want to get cheap price. As retail investors we should follow their strategy. 
I used to use usdt even though it's currently decreasing but I don't think it's a drastic drop and can still be called a stable coin. I always use usdt because it just so happens that I am currently still following the nominex farming and staking project which happens to be using the usdt exchange rate and as my final conversion from crypto to conventional currency, and so far I feel comfortable.
https://www.docdroid.net/zl5YX9G/binance-us-luna-class-action-pdf#page=44
The Binance exchange was sued, this can greatly affect the price of BUSD
USDT is not the most reliable asset
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581
USDC looks solid, but it is centralized.
DAI is the most honest stablecoin
https://daistats.com/#/
The Binance exchange was sued, this can greatly affect the price of BUSD
USDT is not the most reliable asset
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581
USDC looks solid, but it is centralized.
DAI is the most honest stablecoin
https://daistats.com/#/
For retail crypto investors, they can trade their accounts to stablecoins to avoid the high volatility in the crypto market without switching to fiat. In other words, stablecoins act as a safe haven even when the market is in the early stages or there have been certain fluctuations. The recent crash of some stablecoins makes many people worried about the money they hold, but I also don't think this will happen often, given that some major stablecoins like USDT, USDC, DAI, etc. are still the safe choice after many years. Personally, I find USDC convenient and safe. I never doubted that they would suffer from the FUDs that some other coins suffer from.
I am slowly switching to the BUSD from USDT. Not that I dont trust one a lot and other a little, but for the reason of segregation and safety of my funds. In the current event it's horrifying to trust single stablecoin in the market because we have seen what happened with the terra and others. This was either from the owners of the coins or this was future of the other stable coins in the nutshell of crypto universe. So it's worth it, to divide our assets and keep using multiple stable coins. If one goes down the sink, then second would be there to help me revive some funds. The crypto is unstable right now and so as to there is fear of stable coins getting hampered a lot. Choose wisely guys!
I still prefer USDT in asset conversion and as a tool to see the profits I make while investing in this market. Although I have suffered some FUDs in the past, I never thought there would be enough pressure to put it in danger. Seeing a number of stablecoins collapse recently did not make me feel scared. It is clearly harmful when a major problem in the management of collateral has created a loophole that renders them useless.
The stable coin that I'm comfortable holding right now is busd, apart from being owned by big companies like binance which is the biggest exchange today. busd is also pegged based on fiat whose circulation is audited every month to ensure it is the same as that of the bank.
definitely BUSD, it's backed by binance after all, and you see even the altcoins project that are being ran by binance or just simply sponsored by binance always turning out to be such a huge success, I guess that definitely includes BUSD that are being backed by binance.
after all you could say that binance is a multi billion dollar company I doubt they gonna do some ridiculous thing towards their BUSD, that's just not gonna happen in the future.
i am believe binance behind this stable coin and as reputable exchanges and smart contract platform we should not worry about BUSD. if compare with USDT , personally i am still believe on BUSD due binance behind on it. compared with another stable coin BUSD still be best of them and so far there is no FUD like USDT. after all you could say that binance is a multi billion dollar company I doubt they gonna do some ridiculous thing towards their BUSD, that's just not gonna happen in the future.
It depends in the company behind the coin I guess, so I'd choose BUSD and USDC, they are better than other out there, but USDC lacking in availability.
BUSD in the other hand usually are binance platform friendly, everywhere there is binance influence BUSD gonna be there. so I guess if looking from other aspects BUSD definitely gonna comes out as a winner since BSC is already big enough for BUSD to dominate the ecosystem.
BUSD in the other hand usually are binance platform friendly, everywhere there is binance influence BUSD gonna be there. so I guess if looking from other aspects BUSD definitely gonna comes out as a winner since BSC is already big enough for BUSD to dominate the ecosystem.
definitely BUSD, it's backed by binance after all, and you see even the altcoins project that are being ran by binance or just simply sponsored by binance always turning out to be such a huge success, I guess that definitely includes BUSD that are being backed by binance.
after all you could say that binance is a multi billion dollar company I doubt they gonna do some ridiculous thing towards their BUSD, that's just not gonna happen in the future.
after all you could say that binance is a multi billion dollar company I doubt they gonna do some ridiculous thing towards their BUSD, that's just not gonna happen in the future.
you are right, that one event I still remember very well. Among the several coin stables you mentioned I chose Busd. There has been no follow up whether I will analyze and have other coin stables but every now and then I also save DAI just for 1 price of a bowl of morning soup day.
I don't really press busd too much. It's a bit the same but in terms of usability it really helps me for fees, buying and selling or service fees that I need to meet my needs.
although the main coin (its decentralized Binance product) I also keep for the same needs.
no one guarantees when the market is like this, I just keep it just what I have to prepare for anticipation.
I don't really press busd too much. It's a bit the same but in terms of usability it really helps me for fees, buying and selling or service fees that I need to meet my needs.
although the main coin (its decentralized Binance product) I also keep for the same needs.
no one guarantees when the market is like this, I just keep it just what I have to prepare for anticipation.
I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
Honestly, I never use these three stable coins. Isn't UST the coin that recently had a terrible crash with LUNA? I thought I would not take the coin. And DEI, I thought at first DAI, but there is DEI. but the price was not $1, around $0.68. I thought that stable coins will be always stable at some certain rate, but UST told everything. So far I have only focused on using a few stable coins, global ones such as USDT and BUSD. As well as local stable coins such as BIDR.
I think i'd just trust USDT more than any other similar altcoins, considering the fact that they've been here for a long time and so far I see no real hurdles.
Although there are many rumours that said USDT gonna be collapsing, i'm sure that wouldn't happen in the future since they are already too big.
although I actually trust the other like USDC and BUSD in general because they are also just as good as USDT.
Although there are many rumours that said USDT gonna be collapsing, i'm sure that wouldn't happen in the future since they are already too big.
although I actually trust the other like USDC and BUSD in general because they are also just as good as USDT.
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