Post
Topic
Board Altcoin Discussion
Re: BUSD vs USDT
by
serjent05
on 03/07/2022, 20:27:44 UTC
BUSD vs USDT 🌞 Wink
In my opinion , I think you should have added another stable coin here which is USDC . Now let's choose from USDC,BUSD, USDT. In these stable coin I will choose USDC and BUSD  because these are have more transparent background support than USDT or Tether what ever you say. Yes it's true that USDT have the most marketcap  and took 1st place  in the market of stable coin but rather than busd has the support of Binance and usdc have the support  coinbase and the co-founding of the CENTRE Consortium. So I will alsways choose usdc and busd


I think both USDC and BUSD had been fully audited and they passed it, they both are backed by USD 100%.  Unlike USDT that were fined because of a false statement that their USDT is 1:1 backed by USD.  It is logical to choose the one that is fully backed by USD when it comes to long-term holding aspect.

USDT is very popular because it is the earliest stablecoin to tap the market.