Post
Topic
Board Altcoin Discussion
Re: Which stablecoin do you "trust" the most?
by
keyscore44
on 11/06/2022, 03:04:40 UTC
Which stablecoin do you feel so comfortable using, without having any worry of depegging?

Most of my stablecoin is on BUSD. USDC is also good option but I prefer BUSD since I always trade on their exchange, and also they have many trading pairs for their own stablecoin so I don't have to worry converting it from one stablecoin to another. Binance is currently the most reputable exchange and they have a lot of funds to support their stablecoin. Depegging BUSD won't happen that easily as it is backed by a real entity unlike what happen in UST and LUNA.

If you have such a good opinion about Binance exchange and BUSD, then you probably haven't read the news and have not heard about their problems with money laundering and drug purchases on the Darknet for cryptocurrencies from Binance. Of course, it's possible that nothing bad will happen, but holding funds in BUSD is the worst thing to do at the moment.