Post
Topic
Board Altcoin Discussion
Re: busd or USDT safe
by
RbiggerG
on 08/08/2021, 22:28:01 UTC
BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?

so what is the best ?
Both coins are trustworthy and its value is also same. So I don't see any difference between these two currencies. Yet since BUSD has a large and reliable organization such as Binance. So it dominates a little more than the USDT


They do hold their value reliably and their respective market shares in the stable coin market are impressive, but we shouldn't forget that both are fully centralized versions and both companies do and did have their scandals and problems. Bitfinex had problems a while ago and is again under investigation I believe and Binance is also involved in problems.

What would happen if they get cease and desist letters or any other requirements that would force them to support their stable currencies? That is the risk with centralized ones.