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?
There are several stable coins in the crypto market where investors give full confidence. A few days ago, we saw the fall of the stable coin UST. Which had an impact on the whole crypto market. In recent times I have seen the huge demand for BUSD. According to my knowledge the BUSD is supported by the 100 percent US dollar which is concerned with FDIC-insured US banks. The value of BUSD is usually pegged with the USDT. So definitely BUSD is better than USDT.