USDT, TUSD, BUSD, and USDC are all stablecoins. They have a value that is tied with the US dollar at 1:1 ratio. Now I'm wondering what is their differences.
- 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?
I understand that TUSD is an improved version of USDT, adjusted for usability. Which is a direct competitor to Tether. The team of TUSD does not hide any facts of work, and publishes the results of the checks properly. So I don't see any gaps in the reputation of TUSD yet.
