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?
I think both of these stablecoins are very safe to use as a storage tool because so far there haven't been any problems with either of them. BUSD and USDT are very suitable and safe to be used as storage. even though binance has a lot of influence, USDT still occupies a higher volume than BUSD according to Coinmarketcap.