Bitcoin Forum

Is BUSD no much different from USDT?

Which do you prefer?

Both are centralized stable coins but BUSD looks more safer because I believe it's well regulated and documented if not there will be no room for operational and we know who is behind BUSD, someone who cares more about his reputation and also have alot to lose if something goes wrong, binance exchange matters in crypto space

They're the same thing, what makes them different is just how much exchange they were listed on therefore makes it really convenient to trade if they're listed on various exchanges of your choice. Other than that maybe who's behind that stablecoin but honestly doesn't matter that much as long as you used it temporarily not for hodling too long.
I'm myself prefer USDT just because I've used it since long time.

It all comes down to which stable coin is backed up 1:1. The former has no known accusation of market manipulation while the company behind the latter just settled 41.5 million with NY's Attorney General. Yeah they they didn't admit any wrongdoing but they still pay to avoid further diggings into their previous year's activities.

If I am correct then BUSD is Binance USD a stable coin promoted by Binance exchange. It is only listed on Binance and few local exchanges. You can find out more about BUSD here - https://coinmarketcap.com/currencies/binance-usd/markets/

Both BUSD and USDT are stable coin, I prefer USDT as it is available on most exchanges.

Yes it is, i personally prefer USDT over BUSD caused by the fees are even cheaper than BUSD when you are using TRON USDT. It has also accepted in all exchange sites
I have some options to send USDT too. The liquidity should also become the main consideration for me to choose USDT over BUSD even BUSD created by binance as the biggest exchange site and im not feeling convenience with BUSD.
Im still choosing USDT over BUSD.

BUSD is not having a lot of different with USDT. The only thing that makes both different just the blockchain that already used to issed both stable coins.
I prefer with BUSD rather than USDT caused by it was getting backed by the best crypto exchange site. Binance is also having enough reserved funds to backed its own stable coin. I do believe with BUSD.

true, although not so different, BUSD is more convincing than USDT...
who doesn't know the developer behind BUSD, its reputation is very good and liquidity is guaranteed. because I am actively trading on Binance, I prefer BUSD.

Depends on the condition but i prefer USDT, it was the first and the biggest stable coin right now comparing to BUSD and was used almost on all cryptocurrency exchange but even like that BUSD was also an great alternative since it was backed by Binance, Both of that was good and it's your choice to choose but i personally prefer USDT.

They have zero difference in terms of what they do and stand for.

The strikingly common characteristic is that they are both shaky pillars on which the whole house of cards is relying right now. Fiat on-ramping never had a perfect solution. Stablecoins were a hurried up solution. Now these centralized institutions issuing them is just another of the many regulatory risks for crypto enthusiasts.

Personally, I'm a USDT user since then, and after my trading session ended I converted my profit and capital into USDT, for keeping the value safe against fluctuation, for the next day, But since the issue of the red flag against Tether USDT, I'm started to doubt it thats why I never use it for the long term instead I replaced it with BUSD but it's okay if you are using USDT just for trading.

I believe both. But i think busd is more safe. busd is binance stable coin, And as well i trust binance fully. But, USDT is most popular stable coin and you can found that almost all exchange. And also usdt is most popular coin.

I feel BUSD to be more safer than USDT as they have actual cash frozen. I try to use BUSD pair whenever I'm trading in binance. But when it comes about trading in other exchange or sending between exchanges, I prefer USDT, mostly because it's the only available option and with the introduction of USDT on TRC20, the fees are free as compared to other coins and stable coins like USDC, whose transaction fees are huge.

Both are great stablecoins and using both of them would not really make any big difference.

I think USDT is good in overall platforms, you could easily use it and supported in every different exchange or platform. Using the BUSD is I guess better in the Binance exchange and I think safer than using USDT in the platform because it is supported by the Binance, USDT could experience issues even though it is backup by different companies.

So USDT overall and BUSD in the Binance platform is the easy answer.

They are all centralized stable coin which are believed to back by USD. TBH, I put more trust on BUSD because there is a state:" BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS), issued in partnership with Paxos ". At least they have made this coin regulated whereas USDT has receive hundred of scandals since it was created. Moreover, binance does a lot of things for the community and therefore, BUSD has more of my concern

Though, the more stable coin we have, the more chance we can escape from the big crash if anyone of them start to become a big scam.

I really don't see much or any difference in both of them as I use both during trade but the only thing is that USDT is probably more listed in different exchanges than BUSD but other than this, I don't see any difference cos both are stable coins on same rate but I use BUSD more when trading on Binance maybe because am trading there and USDT on other exchanges.

I have permission to ask in this thread, why is BUSD different from USDT?
and why many are choosing BUSD today than USDT according to what I see.
Is that true?

Yes, the same, both are stable coins.

I'll go with BUSD.

It is because of some issues where USDT was involved. And for BUSD, it's made by Binance as the most common exchange so people are using it with ease and trust.

There's not much difference between BUSD and USDT since they are both Stablecoin that is 1:1 with USD.

I think the reason why people is choosing BUSD is because Binance is one of the most reputable exchange and they are audited properly. That makes BUSD safe and preferred by many. USDT on the other hand was shady in its early day, even now there are some speculations that they are faking their audits and they aren't really backed 100% with USD, some are physical and digital assets. I'm not into USDT that much though so I can't say for sure.

Talking about safety, I think both are equal becuase both owned by private companies and even though rumour about the bad things revolving around USDT the company itself still able to prove the reserve that represent their stablecoin and binance is too big to make some scandal.
But I'd prefer busd since I trade in binance and it's just more convenient I guess.

If you are having  lot of dollars you can keep half in USDT and half in BUSD. Also USDC is a good option.

Its always a good option to diversify our USD portfolio also so in case any legal action is taken against USDT again, we would be on the safe side.

It's because people realizing BUSD was much better rather than USDT since it was backed on the most biggest crypto exchange and the result partnering with Paxos https://www.paxos.com/busd/ (http://Paxos https://www.paxos.com/busd/), Beside that it was backed by real Asset (FDIC Banks) and of course audited, Even like that i still prefer USDT for now since it was the most used Stable Coin out there but over time i think i will use BUSD, For now i use it as alternative when using binance.

Actually, almost all stablecoins are the same, because they are not volatile like crypto in general. And all stablecoins prices are based on
the dollar price, this is what makes stablecoins great for avoiding volatile markets. But if I compare BUSD to USDT, I would prefer USDT
apart from having a higher volume. USDT is also listed on most popular exchanges, it makes demand for USDT bigger than BUSD.
This means that more people trust USDT more than BUSD.

You have a point with that, I also prefer BUSD over USDT. At least, we know BUSD is backed by real assets, whereas, in USDT we don't know if they are already 100%backed with USD assets. If they are already saying the truth to the public or not. Because as far as I remember, last 2019, they admitted they were not fully backed - https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents . So what do you think right now, are they giving absolute numbers here? This is the reason why BUSD is gaining interest from stablecoin users, it is backed by reputable exchange and your funds are insured.

I prefer BUSD than USDT, however, it all depends on each user. I use Binance most of the time and innmost exchange they only have USDT pair on their platform and for the same reason, rest assured that BUSD is backed by real assets. Each has their reason for what stable coin to use, and we can't compare which is better or not. Just use which is more convenient for you or which stable coin you think is more secured.

This is the latest news https://www.coindesk.com/ny-ags-850m-probe-of-bitfinex-tether-ends-in-an-18-5m-settlement
There it was written that the Tether case was closed. But my concern is about doubt and this claim will open up new problems in the future.

I tend to prefer BUSD at the moment, but still use tether for trading on exchanges that haven't listed BUSD as the main pair.

The both serves the same purpose for stabling coin, BUSD is owned by Binance and it's their native stable coin created to be used in their exchange, most of the crypto coins are paired against BUSD but the majority are paired with USDT because it's the first stable coin created so far. BUSD is traded only on Binance and some other Binance based exchange like wazirx if I recall correctly.

BUSD is definitely better than USDT is doing because at the same time we are in a situation where USDT is getting checked and so forth and they are not doing anything that would help them, SEC investigating them I think, or was it NY AG I do not know because it really wasn't the important part because at the end of the day we are in a situation where USDT is getting searched by law enforcement and they are really getting in big trouble over it as well, they had to pay 18+ million dollars in fine as well and they really didn't do anyone any justice by not backing it 1 to 1 neither because that is all they were known for as well and that is one of the main reasons why people didn't like USDT was the fact that bitfinex wasn't loved.

I prefer BUSD because that is at least backed by Binance and they are a great company as well even though they are owned and centralized it is still by a great company.

Personal option to any traders and investors as they both serve the same purpose, it's been use for diverting your assets in case some corrections is happening, just like what we are experiencing right now.

It's best to convert your crypto to any stable coin that you are trusting to prevent further damage to your invested money.

Choosing between this two, most likely those who are using binance exchange will prefer to use this when diverting, trusting the exchange and how they'll handle their clients is considered as their insurance.

I get used to use USDT, because it appeared earlier and when TRC-20 version came, it became the most comfortable asset for me. I use BUSD sometimes, but I don`t see a huge difference between them. Situation with Tether have been solved, so I`m not afraid so much about USDT fate. Binance`s stable coin will be very strong too, imho, but I still prefer USDT

Basically, I use busd more, although these two stablecoins are centralized, but I trust more busd, especially since usdt had problems with the sec....

Both are good, BUSD and USDT have high liquidity, but for their use of course it depends on each user,
BUSD is suitable for use on Binance, and of course Binance will fully support BUSD because BUSD is a stablecoin that Binance launched, but if USDT is more suitable when used on other exchanges, because almost all exchanges provide USDT pairs. The fee is not a problem because USDT is also available on the TRON network.

My stablecoin that I prefer is Busd. Although usdt is mostly used on majority of exchange and even decentralized market, CZ knows how to keep their asset safe and secure. We all knew the risk of tether that has brought before through security and soemthing like that isnt healthy. I know busd is centralized but I like how it's management handle it well.

yes, BUSD is no less popular now. Even now I think many members who are accustomed to using USDT have moved to BUSD. especially those who trade on the Binance exchange. not to mention that there are problems with transfer fees from USDT ethereum.
I myself have switched to BUSD.

If you are using Binance more with trading then better just use BUSD.
Now, when you keep on jumping from one exchange to another then use USDT.

I prefer BUSD. The simple explanation is because I don't use any exchange anymore rather than Binance.
Every coin I support is listed there. The only reason I use other exchange before is because of the scattered listing of the coins I must trade.
Trust issues is not a question with Binance anymore.

I don't see much difference between BUSD and TUSD. Now everyone hastened to switch to stable coins from Binance due to the fact that Binance products are on the wave of popularity. All stable coins are centralized in this specificity. Both the BUSD and TUSD coins are backed by the US dollar.

Stablecoins are a good tool for saving assets during periods of particularly high market volatility. BUSD has every chance to take the first place in the niche of secured cryptoassets and become one of the leaders in the decentralized economy.

They are almost same. Only the issuer is different. I use both, I also use other stablecoins too. I used DAI, VAI, USDC etc. I never had any problem. It's based on where you use that coin. There is no preference, you should adapt your money to the network you want to use.
I don't like fiat money at all and use stablecoins only if needed. Otherwise I wouldn't hold them for long term.

BUSD and USDT are both stablecoins and they are centralized currencies, although I prefer using usdt cause its listed in so many exchanges, unlike the BUSD which is listed on Binance exchange alone, though we might see exchanges listing it in the future, I don't know if they plan to list on other exchanges, but listing on their exchange alone won't get BUSD the popularity it will need to succeed in the market, let's watch and see what the future holds for BUSD.

For traders who trade on the Binance, BUSD is really preferable, since it will allow you to place free funds to generate passive income on the exchange. In addition, this stablecoin is used in the BSC network to provide liquidity and has zero commission in the BSC network. But with all the positive aspects of using BUSD, you need to remember that the liquidity of this stablecoin is much less than that of USDT.

Now we all will refer to Tether, which has the highest volume and marketcap. Day by day binance is creating a monopoly in the cryptocurrency. Already overcome so many stable coins, only ahead Tether which could fall in the future. I don't know why so many have some doubts about Tether, which is plus point for binance USD.

It's caused by so many parties didn't feel confidence to know the fact if tether is not fully backed by 1;1 equally with USD. that's why so many people are feeling doubt about this but i personally still using this coin till now. I never face any problem to deal with USDT.
That gives advantage for the BUSD. that's why binance is also printing more and more BUSD.

When we talk about choosing which usd stable coin is better to use, we are talk about regulations. Because these two stable coin are pegged to fiat dollar and it can't be mint as much as they want. Usdt have so many complaint regarding the reports and regulations. You can always check the report issuance and circulation on tether here https://wallet.tether.to/transparency
And for busd, you know it one of the binance product. So if you agree binance is the best exchange right now, then you should agree busd is good and safe stable coin if you use binance regularly. Unfortunately busd doesn't have wide market like usdt.

Binance has all the hype right now but USDT is far more established and is available on multiple networks so it is more widely supported in the industry. Many decentralized exchanges have added USDT as a substitute for real US dollars. BUSD still has a long way to go to be able to catch up and right now Binance seems to be more focused on competing with ETH than competing with Tether.

These two are stable coins, that is, the price is equal to the dollar. For example, if you hold 100 USDT or BUSD, then its value will be 100 dollars even after one or two years. Of these two stable coins, USDT is the oldest and most used coin. Therefore, I will recommend you USDT.

Other stable coins.

| Name:	| Price	| Marketcap
USDT	$1.00	$35,540,353,676
USDC	$1.00	$8,990,939,342
BUSD	$1.00	$2,643,061,178
DAI	$1.00	$2,473,627,633
PAX	$1.00	$1,021,938,541
HUSD	$0.99	$876,752,265
UST	$1.00	$697,777,253
TUSD	$1.00	$292,462,147
SUSD	$1.01	$218,347,544
VAI	$0.93	$168,400,343
USDN	$1.00	$165,165,263
GUSD	$1.01	$125,730,860
USDX	$0.82	$51,798,041
MUSD	$1.00	$46,294,758
USDK	$1.00	$32,308,777
USDP	$1.36	$29,280,667
DUSD	$1.00	$14,074,318
OUSD	$0.99	$6,256,579
EOSDT	$0.99	$5,312,379
USDS	$0.98	$620,128

[ Coingecko ] (https://www.coingecko.com/en/categories/usd-stablecoin)

USDT is indeed a stable asset that many people recommend. I am sure traders are also familiar with this asset. with a large market capitalization also available on several blockchain networks.
I myself like both but I use BUSD more because I often trade on Binance.

I'll think carefully about keeping these coins.
Stable coins.

Maximize usage of them but never keep it for a long time.
It's not an investment tool. It's just to make the trades faster and easy to handle.
Most of us convert all the time to USD that is why they make such coins. Exit as fast as you could while making profits in using them.
Stay with Bitcoin or trustworthy alts but keep in mind to also never leave it with an exchange.

The two coins are stable coins, there is actually not much difference between the two coins, just that Usdt is much more popular than BUSD and its listed in many more exchanges, for me I prefer using USDT because I find it more convenient to use, everyone has their own choice but am sure many prefers USDT over BUSD.

Usdt is good but has a chance of getting affected by usa SEC, as like ripple it is the next centralized coin which has a risk of getting affected by SEC.
You can use BUSD or USDC, it depends on your exchange's coin listing. You can use DAI cause it is a decentralized stable coin,
you will find DAI on Binance smart chain as BEP20 and BEP2, you will also find it on Ethereum network as ERC20.

In terms of pricing, no there isn't much difference because they both remain as close as possible to 1 USD in price while in terms of who operates and owns them, there is a difference as big as day and night. BUSD is being controlled by Paxos Trust Company in partnership with Binance while USDT is being controlled and managed by Tether Limited.

Being a trader at Binance, I actually recently started to prefer BUSD over USDT because it doesn't make sense not to trust a coin that is being issued by the exchange Binance itself.

I don't have any problems with USDT either and at times I do buy it, it's just random because the value is the same but if I am consciously selling any coin for dollars, it's mostly BUSD.

Preference will vary to person.Based on the knowledge and experience.Both are of similar concept.Both are the stable coin in the crypto market.Now the pandemic is going to lock the resources soon.So better make a good amount as your bank support in the pandemic and jobless situation.USDT is the stable coin between this two.

Of course, it may not be very clear now, but I think that in the future they will replace USDT, you can see how many contests they have, and mostly in tandem with BUSD.

actually both have the same function as a stable coin, but it's just that USDT can be used on any exchange and the volume is higher than BUSD, while BUSD can only be used on Binance exchange, therefore I prefer to use USDT rather than BUSDT, because you can use USDT to trading on any exchange (makes it easy for you to trading).

These two are bothstabel coins but they represent 2 different things, BUSD is more secure in my opinion because it is backed by a massive company which is way bigger than tether in its total market capitalization also binance already plays a big role in the crypto space so i trust them better than the tether

I will prefer BUSD over USDT. Because you're right, BUSD is backed by Binance, which is very reputable company in the crypto market. And we know, whatever happens to your BUSD, it is insured in their platform. However, with USDT, we don't know the truth about their assets. Are they already fully backed by USD assets?

As far as I know they are both backed up with real money, that's why both coins are stable, and both coins are centralized. it's just that the people behind the two coins are different. Personally, I use USDT more than BUSD

tbh if we're did nothing wrong and all verified in an exchange there's actually no problem in holding stablecoins like these, even exchanges nowaday racing to offer staking plan for their customers but it's just how these coins actually owned by private company that makes it more vulnerable if compared to decentralized coins, they're safe but certainly riskier than the decentralized coins out there, just my 2 cents though but if the amount of stablecoin we owned is some shrimp amount no one gonna bats an eye.

Both of them are fully centralized and controllable. At least, second one is accepted everywhere. I will choose it

Actually, correction. They are both supposed to be backed up with real money. USDT is owned by Tether and they recently settled with the US regulators to the tune of many millions of dollars as they were proven to have lied about their money backing up USDT in the past. Neither of the two even share their real audits with the public:)

if you are a day trader on binance then you will love BUSD. in terms of value, there is no difference. but I think BUSD is a favorite for Binance members.
Moreover, the USDT problem lies in the transaction fees. not to mention that there were bad issues related to USDT. Even though USDT is already in the TRON chain which is a costly solution from the ethereum average, I myself still choose BUSD.

As much as I mistrust USDT, they have more trading pairs and a lot more liquidity than the BUSD. That makes it more practicable for trading

Binance strongly supports its stablecoin and if you have a free BUSD, the exchange provides an opportunity to get passive income. For trading, I used BUSD when the USDT problem wasn't solved yet. Now I mostly trade coins in pairs to USDT, because this stablecoin has high liquidity.

BUSD and USDT are no much different from each other, cus like some people here have said, they are both centralized stable coins controlled by a group of people, but the only little difference is that USDT have far more popularity than BUSD which is owned by binance and only operates on binance and a few local exchanges, but USDT is listed almost in every exchange including binance itself which makes USDT far more important than in crypto community cus alot of people use it out side binance exchange, but BUSD is only  mostly used within the binance ecosystem.

Actually, both stable coins are my favorite. I have been following BUSD since it was launched last year. In a few times BUSD already has the top 40 market cap. Now I won't prefer any single stable coin. Both are good and legitimate, even value is almost the same why we trust any single one. Tether value is a little bit higher than the Binance USD.

Usages wise both are stable but like what you have said USDT can be used to more exchange compared with BUSD, with the same purpose you'll be better to go with coin that you can transfer from exchange to exchange.


Same thing, you can use USDT to convert your asset and transfer it to another exchange if you are seeing any potential
coin to divert your money.

Because BUSD is more focused on its own trading platform. But just as you, I also don't trust that much USDT although both are centralized but we got plenty of choices for stable coins if ever we wanted to put our money parked on it.
But as a choice, BUSD would be mine.

Isn't usdt better since you could use it on every exchange as oppose to busd?  Because if you want to cashout busd to your us bank account, dont you now need to pay two fees?  One to convert to usdt and then to fiat on coinbase?

I think USDT is better than BUSD is not supported everywhere to work in crypto you have to do USDT first to convert crypto currency to fiat currency. The risk here is much lower and it is possible to reduce the risk by converting the currency to USDT even if the price of the currency is lower for investing in cryptocurrencies.

It's not only about the party who have been issued the stable coins but it's about various things just like the transparency, reserved funds to backed the stable coin, the fees and so many things affecting the stable coins.  As far as i know that if USDT was also centralized like binance consider the tether can freeze your USDT anytime.
The volume still getting centralized to the USDT but binance is also starting to follow USDT.

I am not too concerned about which stablecoins are better because I simply think they are stable and moreover it is also the big coin in the market, so I will have a lot of peace of mind. I know the FUDs about USDT, but that doesn't matter, since the current investment method is mainly in bitcoin or other altcoins so stablecoins for me are just an intermediary.

BUSD and USDT is both stable coin on crypto market and both stable coin is Trusted but i think USDT is most usefull and Popular stable coin on market. Also i always use USDT coin as stable coin.     

I don't agree with the fact that USDT is more useful compared to BUSD. It's just about their use cases and from what I know, both of them have pretty much the same use cases.  The reason why USDT is usually preferred is because it's been around a lot longer than BUSD and it has a lot more support and is integrated in various platforms.  Well, I tend to use both stablecoins when the need arises. For instance, If I want to interact with Binance smart chain and USDT mainly because of the little to no fees for USDT on TRX blockchain.

I use both of these "dollars" in my trading and staking to generate my profits. Keeping a large amount in these assets for a long time is not included in my rules and i advise you to have the same attitude.

Depending on the use case, I also often use BUSD on binance for simply having stable trading volume to help you trade. So it doesn't matter which one will be used more. As for USDT, BUSD or other stablecoins I think the value it brings is the same, the important thing is that it can afford the liquidity on your trading pair, and BUSD USDT is doing very well this.

Staking? You can't trade while staking, so you must be doing one of the two not both;)

And you generally can't earn much by staking for NOT a long time, so how do you stake while not keeping those amounts in your assets? Just asking, curious to know is all I'm saying!

I like with BUSD as opposed to USDT brought about by it was getting supported by the best crypto trade site,
I think the motivation behind why individuals is picking BUSD is on the grounds that Binance is perhaps the most trustworthy trade and they are reviewed properly,all stablecoins costs depend on.
The dollar value, this is the thing that makes stablecoins incredible for staying away from unstable markets,Just use which is more helpful for you or which stable coin you believe is more gotten.

because the value is not different I am sure the comparison is of course not made to the price of the asset.
I am sure many compare the point of transaction fees and transaction speed. because with some networks we definitely get a different experience.

Both were the most used stable coins, The daily trade of BUSD is also increasing gradually and more BUSD already issued from the treasury. The total supply of BUSD is also still increasing even higher.
USDT is the first stable coin and that makes USDT being more popular compared with BUSD. BUSD was coming around 2019.
That makes sense if the volume gets centralized on USDT but BUSD is good enough to be a competitor for USDT. Both were the same. Im also using USDT especially TRC USDT asset.

BUSD and USDT are both centralized stable coin but people will go for BUSD because of trust and reputation of binance exchange, USDT had some issues in the past and I believe that's been solved already but when it comes to clean USD coin BUSD wins, still I find myself using USDT more often than BUSD

That's right i'm not staking when i trade. I use staking as a tool to increase my profits when i have dollars and not other coins. Of course having small amounts such actions are almost meaningless.

Both in different ways

Both two were stable coins but the difference of both of them are the exchanges, BUSD listed only few exchanges and the USDT has listed many exchanges almost all f it but speaking of the transaction fee USDT is extremely high, it's not good idea if you want to transfer your funds using USDT.

Both  coins are  great stable coins, BUSD seems to be regulated and well centralised  per standards. If you are a regular  trader on Binance or the DEX, binance.org , then I highly  recommend  you make good use of BUSD, since it's  the native stablecoin on the renowned exchange. 

The demands of BUSD is now increasing due to Binance populatiry, traders are using

this stable coin that being regulated by binance itself, though USDT is mostly use since

the availability are much wider than BUSD, will depend from how you see this as alternative

to convert either your bitcoin or other alternative crypto whenever it's needed. either to

gain or to divert your assets.

TBH I would prefer using USDT over BUSD, I know BUSD just came out not too long ago, and  it's clear that Binance want their stable coin to be more patronized cuz they have changed all the top pairs e.g BTC/USDT to BTC/BUSD, they are slowing pushing USDT aside, but I will still prefer using USDT cuz it is listed on almost every cryptocurrency exchange out there, and USDT uses both eth network and tron network, BUSD will have to bring something more in other to take out USDT else its just another regular stablecoin.

Stablecoins are good for taking profits. You can only earn on a small difference in rates. Moreover, on some exchanges, the cost of such coins may be higher than on the sites where they were originally purchased. The difference in price will give you a net income. Everyone has their own favorite coin, someone uses the proven TUSD, which has been on the market for a long time and has its fans. Others use other Stablecoins like BUSD.

But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.

You mean to trade with different stable coins and do it for profit? I don't think that seems going to be effective to me. With the low to no volatility of these stable coins, you barely make a profit with them.
They're only used for setting aside your profits from the trade you've made in other altcoins that you've traded.

Actually it's pretty profitable if you know what you are doing. Usually big exchanges give zero fee trade options to make a good volume for these stablecoins. You can make a lot of money by trading stablecoins in the long run if you scale your bot effectively. Risks are minimal because they are stablecoins and pegged to ~1 USD and reward is good in the long run.
You can't do that in an exchange that take trading fees though, because price difference is not higher than those fees.

Thanks for a clearer explanation about it. What I'm only thinking is that with those small slips and differences like cents. You need to have a bigger capital for you to profit from the adjustments and differences of the stable coins you're actually going to trade.
But anyway, we have our own strategy and do whichever is working for you.

That's right, this strategy only works for 7 figures and more since price differences are too low. Otherwise don't waste your time on that. You need to do hundreds of trades everyday to get a good amount of money. In crypto there are better opportunities for most people. This is just another way of making money for big guys.

I don't understand why we need to withdraw USDT coins, whatever any blockchain. Why will I pay while I can earn more profit? The difference is the value of these two altcoins. Tether is more valuable than Binance USD. We are being forced to use Binance USD while now TRC-20 USDT withdraw fee 1 USDT in Binance exchange.

Yes, I'm wasting doing it.
And that's why stable coins are only known for saving your profits or saving your portfolio in today's value because the market is fluctuating too much.

It is obvious that Binance is creating its stablecoin for use in Binance Smart Chain.

And then USDT for ethereum chain but tether already expanded its service to the various chain like solana, matic tron and many more. I do believe we will be wasting our time to talk about this consider there should not be a pros or cons between both. USDT and BUSDT were the same and people are using both as store of value to avoid the volatility in the market.
Im thinking about it doesn't matter what kind of stable coin because basically all of stable coins were getting backed by dollar.

I like both, as they are both big stablecoins in the market.
I use BUSD on binance for trading.
As for other exchanges I chose USDT because of its popularity.

They are both quite centralized, having a decentralized stablecoin is possible and it is being done right now on many chains as well, they are not ideally great right now but they are working so far and haven't failed which is why I think it is quite important that we promote them instead of these centralized ones.

But, if I have to pick one, there is no a single ounce of respect in my mind against Tether who does what they do only for profiting off others money while not caring about the outcome for others, whereas BUSD is binances stablecoin and they do care about their customers, because if they do not care that means they will upset their customers and lose money, so they will work really hard to make BUSD work a lot more than Tether would care. This isn't a good reason to be better, but it doesn't change the fact that they are definitely better in the end.

Really excellently explained and I agree with both the points but I want to add that USDT has a way bigger trading volume as compared to BUSD, so that also tends to push things in USDT's favor.

People also worry about tether's existence because they never do audits or anything that brings confidence but because they were the first stablecoin in the market, I believe, is the reason why USDT is far ahead of other stable coins.

For traders who use Binance only, yes BUSD is the better coin because of the passive earning it provides like @tvplus006 explained.

So essentially the question is which exchange is more trustworthy as far as stablecoins are concerned. Binance or Bitfinex? My choice is obviously Binance, since it is the largest cryptocurrency exchange. Also, Binance has stayed out of legal issues with the authorities and so far the hackers haven't been able to target that exchange. On the other hand, Bitfinex is still engaged in some sort of legal battle with the NYAG.

Agreed and BUSD's volume gets centralized into the binance exchange site and that being said that if it's not available in the all of sites.
People will always prefer to use USDT even some people might called that as a centralized coin but none care about that because they wanna use it as a way to transfer their money

When compared to BUSD, of course I chose USDT, because the volume I have is much larger,
BUSD is only used by Binance exchanges and their partners, but USDT is already used globally,
of course USDT liquidity and volume is much better and safer to use, fees also very small if you use OMNI or TRC20.

In my opinion, they are the same, no different. Both are stable coins and we use them for the same purposes. We usually buy these coins in order to secure the value of our assets. Then, even if it is a bearish or correction phase, we get no negative impacts on our coin values. Even, the prices of stable coins commonly increase once there is a correction phase.

That's the advantage of USDT but I'm off using it. I'll choose to use BUSD since most of the time I'm just sticking to Binance to trade and exchange what I want to exchange.
The liquidity of USDT is the highest and that's why many are choosing it as their main stable coin. But it's also good to try some new but coming from a well reputed exchange because there are others too.

Is USDT still not 100% backed? This has to be worrying.

My personal preference is Binance I feel much safer going with an organisation I trust.

That's right BUSD mainly trades on the Binance exchange, and it’s available in other few DEX exchanges. But it can be said that it has become popular in a very short time. USDT unanimously acceptable stable coin for all of the users. Also USDT pair is getting highest priority all of those exchanges. ETH network fee is unsuited to use right now, so i think you can use TRC-20 network if you need to make transaction.

BUSD Vs. USDT both are stable coin mostly i use usdt because they are available in the most exchange but in the other hand busd is not famous and not listed in every exchange so that the reason i pick usdt rather then busd . but in future i am thinking about busd because usdt is not secure then busd .

Each of these stable coins has advantages and disadvantages. I do not see any fundamental difference between USDT and BUSD, there are indeed some differences but in general the functions of stable coins are the same.

I assume that people's opinions about these coins differ only due to personal preference. Some people like Tether, others prefer the stablecoin from Binance. If you still have doubts about what to invest your money in, it is better to choose TUSD. It is a more reliable cryptocurrency today.

No difference at all and the function is still the same but there is a question about whether binance can frezee our money like what already happened with USDT. I see that in so many hacked case of tether has power to control USDT. That may not happen in BUSD.
people should choose what makes they are feeling confident. The liquidity and acceptable of exchange sites make different got the differences

USDT still the best for me but i noticed that many persons start using the BUSD For some reasons... BUSD have the advantage regarding fees  but USDT is available also on tron blokchain and this is where i always use it...the main problem for binance usd is the number of exchanges that provide BUSD pairs and also many exchanges like kucoin dont even have bcs addresses for its users

I agree with you. I believe what I personally see as the difference it BUSDs availability in more exchange but other than this, I believe they are both the same as they provide same function and yes as a Binance exchange user, I like to use BUSD while trading there also because of the lower fee but at the end of the day it is personal choice as which you choose to trade with.

No users will be hold stable coin for long term because there are no benefit to hold it. Its use is still relatively inefficient from USDT. So people have not yet become habituated to using it. Even though it’s not listed in the mostly exchanges. The main things USDT has supported a several network as like Trc-20 is good one & very lower network fee.

It all depends on the tasks at the moment, if i need to send money from one exchange to another then basically i choose usdt and if i need to keep my savings for a shorter time then i choose USDC. I hardly use BUSD...

BUSD is centralised by New York’s Finance department so i would say it can be relied on much more compared to USDT.
I’m not saying USDT can’t be relied on, the fact that it’s been around longer than BUSD and is accepted on more places but the component centralisation is missing, that’s the only drawback I’ll say.

Many exchanges allow USDT to be circulated in their exchange. USDT supports many different blockchain platforms so I prefer it to BUSD.
Although USDT has many scandals in the past, things with this stable coin are doing very well right now and it has the highest transaction volume and capitalization of any stable coin I know. In this bull run, it can be said that USDT has many merits because every time Bitcoin falls, Tether continues to print USDT.

Correct, it's depends from how you needed the process USDT though is still the most use

since there are lots of exchange who catered this stable coin and traders and investors

can simply send their coin from time to time. In the other side, BUSD is also being use

the most inside Binance.

Both of them are same. Both of them are centralized. Usdt is old but there are many complaints against usdt. But I never faced any kind of problem though. Now the usdt fees is a bit high. Though I prefer usdt(trx) now it cut the fees. In other hand I think busd is well structured the market cap of the coin maybe a little less. But it's fast and less fees. And it's a binance powered coin and they always try to provide best experience to their users. For me both of them worked fine and I used both of them.

Many traders are using USDT so that they won't get a huge dump or other pairs like BTC or ETH whenever bitcoin takes any kind of big movements. BTW, if anyone wants to hodl BUSD for a longer period of time which indicates that he/she might have preparing for the bear market as hodling BUSD or even USDT won't be good for portfolio. Also, i can't disagree on individual tastes/thinking.  ;)

I like the Blockchain itself more from Binance, specifically for transactions, etc.

Also, when transferring USD, you will not need to pay such horse commissions as when sending USSD on the Ethereum blockchain!

I was a user of usdt when i want tto keep my profit on trading. But now i move it to busd because usdt on ethereum network need high gas fees, busd is on top of binance smart chain so the fees is 10x cheaper. And i am not whale thats why ethereum gas fees can hurt me.

The year has been a really crazy experience for USDT, but BUSD is cool, although it’s still new. Between the both of them I think I’m going to choose the BUSD because it’s owned by Binance, it’s a U.S regulated stablecoin that is 1:1 with the USD and with Binance being one of the biggest exchanges in the market, making BUSD an option is really going to be worth it.

I am yet to fully understand what’s really wrong with Tether, but t has been seriously drained by the issues that it has been facing and the position on Coinmarketcap has declined to a lower position. For now the best to go for is the Binance USD (BUSD).

BUSD and USDT Both are stable coin. But I would say to use USDT. Currently there is a lot of use from USDT. Negative in the name of Usdt which was information. It is no more.  Undoubtedly USDT can now be used safely.

Why i couldn't Saving use USDT. USDT Currently Fully Safe. What was a legal problem a few days ago is no more. You can use Usdt for saving or exchange anything. Now its have few tx fee. Its can save us insane fee another token.

The only problem of YUST is high commissions, well, this is basically a huge and the only problem of the Ethereum blockchain, but if you are talking about YUST on other blockchains, then yes, I will give it a pre-consideration

For me USDT is most preferable. Here has some reason :
Though there is no matter of cex or dex because both of are centralized. But busd could be has documentation from binance for sec reason. Where usdt could be in problem.

But usdt has the biggest option which is we can use usdt in any kind of nework like ethereum , tron, omni, binance, tomo, thubder means every blockchain network support usdt. That means it is quite easy for us to grab any kind of Blockchain project if we have usdt. But here has the problem of busd. Because it is Only support binance based project. And also it is in only binance. Not other exchange support busd. So now i hope you understand that usdt could be easy to use than busd.

I think both of them are good to use. I us d a lots of usdt and I never faced any kind of problem though I know many people have problem with usdt and they don't trust it. And also in few months back faced some problem like high gas fees in usdt it's still exists but atleast now we have a trc20 option.In other hand  busd is a binance product so there's not much to complain about. The fees is too low,it's fast. But only problem is it's not listed on every exchange. But maybe it will.

They are both stable coins. USDT runs on several protocols, BUSD runs o Bep2, BEP20 and ERC2o and supported majorly by binance exchange. USDT is more exposed and widely use. I use more of USDT on cex but more of BUSD on BSC dex.

Both are the same, the only difference is the network.
USDT has more networks than BUSD which is only available on 3 types of networks, however if you are a binance user I highly recommend using BUSD as the withdrawal fee is 0.

Both of them seem alike, I make use of usdt more cause it's listed on more exchanges than the BUSD that's only on Binance exchange for now, I only make use of BUSD when I'm trading on Binance exchange, since Binance are starting to make more pairs with BUSD and slowly trying to push usdt, still usdt is better because it runs two blockchains and it's listed on all exchanges.

In the current situation I prefer USDT.

The current market condition situation is very scary because of doge, almost all other coins are in correction because most of them turn it their alts into doge.

I don't see any difference on both. Both of them works just fine. USDT was always a good option for me. But after ethereum gas price hiked it's a pain for me. But now many chains already adopted USDT And BSC and TRC20 work flawlessly. In other hand BUSD is a good alternative. I do a lots of transaction (swap mainly) on BSC. It's usefull for me. You can use either of one or both maybe. Thank You.

Yes. BUSD and USDT are not much different. But I'm more interested in using BUSD than USDT. Because I use Binance exchange to trade. On Binance, trade with BUSD free of order Maker and Taker.

I also use BUSD to cross margin trade in Binance because there instances when I want to borrow USDT to trade a message will say they had reach the daily limit of borrowing USDT thus I won't have the opportunity to trade that day however when I switched to BUSD I don't usually receive the daily limit message moreover both are stable coins  and both can be exchange vice-versa in Binance  and they both have reasonable and low transaction fees.

They are both centralised stable coins but officially BUSD is safer because Binance CEO went the right way to legalized BUSD, I don't know much about USDT but they have been accused before, they were dirty but can't say about now

Centralization is an issue with both these tokens. The question is which of these two exchanges are more reliable - Binance, or Bitfinex. From my experience so far, I would easily go for Binance. They have maintained their reputation all these years, and have kept away from legal trouble with the authorities. On the other hand, Bitfinex had recent issues with SEC and other watchdogs and also they have been accused of diverting the reserve funds of USDT for their own uses.

BUSD is Binance USD. Binance CEO is advertising it so many clients that we will utilize this pair rather than USDT. Binance account holders get the advantages for using BUSD, and a large portion of altcoins has BUSD pairs. Fundamentally we are directly or indirectly controlled by Binace promotion and it is indeed positive thing for the market.

I like both. Because the value of the two stablecoins is the same. But only differ in transaction fees in an exchange. USDT Omni and ERC20 have high transaction fees, but only USDT TRC20 has low fees. BUSD has low transaction fees and is almost the same as USDT TRC20.

"only differ in transaction fees"... Isn't that currently the whole point for both coins to be differentiated from each other and that Binance is growing at an abnormal pace compared to others. Transaction fees drive people away from USDT to BUSD.