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?
They differ only in the blockchain network. Accordingly, each of these stablecoins has its own commission price for transfers and withdrawals. All are linked to the dollar exchange rate, so that you can be out of the market in these coins