TerraUSD is a stablecoin that previously had a value of "1 USTC = $1". At the moment it worths $0.03
Crypto market is very unpredictable and dangerous, every company is chasing power and influence on the market but the problem is that if any of them make mistake, their product and the assets of millions of people fail.
At the moment I think that BUSD and USDT are the safest stablecoin pairs for regular cryptocurrency trading but I'm afraid that Binance has so huge influence on the market that if it makes mistake, BUSD may get fucked.
USDT seems to be the safest, am I right? What are the possibilities that USDT may end up like TerraUSD?
Which stablecoin do you suggest for crypto/usd trading?
It's clear we've all seen how TerraUSD fails with DEV management, and as soon as the incidents unfold, it presents itself as another bluff from the bump/dump.
I think the crypto space has more secure and transparent things. I see a lot of stablecoins such as USDT, BUSD, USDC, DAI, etc., all of which bring certain reassurance about them.