Re: USDT | TUSD | BUSD | USDC - What are the differences?
That is it the deference is this currencies are in it price, take usdt it price is constantly stable at $1.00 at all time but USDC and the rest are changing in price sometimes it go above $1 and some little below $1.
Its like 0.9992 USDC/USDT. Its like 0.08% difference and it fluctuates up and down. The difference is so small that i don't thing it's something worth mentioning.
- Does each of them has different purpose other than being tied to USD?
- Do they have different features or the fees when using them is different from one another?
- Why USDT is commonly used when trading other crypto not the others?
1- no. All of them have the same purpose. They were just emitted by different companies.
2- depends on network that you use them on. USDT support Omni, ERC-20, TRC-20, BSC, BUSD support ERC-20, BSC.
3- it was the first stable coin that dominated the markets. Now that most of the volume and liquidity is in USDT trading pairs, it's hard for others to break out because the user has to give up on liquidity to trade with other stable coins. But the interesting thing from recent days is that USDT's poor reputation made dex investors/traders to chose USDC. USDC is ~30-40% bigger on uniswap than USDT. Sooner or later it will this trend will transfer to cexy
