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BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?


so what is the best ?

IMHO, I think both Stablecoins are indeed useful for different purposes, USDT or Tether is widely used in almost every centralized exchange, and Tether was also used the three important Network such as ERC20 on Ethereum, TRC20 on Tron, and OMNI in Bitcoin Network, while BUSD or the Binance USD is not widely used except in the Binance exchange but BUSD also used the BSC and Binance Chain Network, and if you ask me which is better I will choose the USDT but except for those red flags.

If that's the question, then I will answer that both are the best even though the rankings are different, because I often use both when trading on two different exchanges and so far I haven't had any problems with either and also there is no deep price difference.

Busd and Usdt with other stable coin is as safe as it get!  There are many issues that worries a lots of people in Cryptocurrency community.  There are pending court case on usdt,  there is also the issue of transparency in terms of the actual money at bank for most of these stablecoin The silver lining here is that busd is backed by paxosgold,  Dai holds lots of collateral and usdt is known by the authorities! Let's hope these stable coin will keep serving Cryptocurrency community for years to come!

In terms of cryptocurrency rankings, USDT is much better and also has a lot of pairs on popular exchanges including Binance, while BUSD is only good because there is direct support from Binance, while for other exchanges there is none.

This means that if we take a general conclusion at this point, USDT is still very superior compared to other stablecoins including BUSD as well, because as we can see now, it is clear that USDT still wins a lot from other stablecoins.

Tether (USDT) and Binance USD (BUSD) Both coin are Stablecoin. thous coin price will not dump or Pump. So we can Trust and Store both coin when market conditions is ruin.

Nothing needs to worry as USDT was available even before the existence of BUSD. It's backed by binance, doesn’t mean to be the great one as usdt is available on many blockchain as compare to BUSD. So both busd and usdt is great for anyone and best for any particular chain based yield farming if that available.  ;)

Tether is owned by Bitfinex so they can be held accountable the same way that Binance can be held accountable when it comes to BUSD. The only difference between them is popularity. USDT is the oldest stablecoin and has a lot of adoption.

USDT got different layer protocols.

And it's the stable coin that got the most trading volume so if you're asking for the best then it's USDT. But why don't you try to use a stable coin that's decentralized?

Like Dai.

both are very good and I think it's very safe to do it even though maybe the difference is that busd is on binance and is more centralized in exchange but the difference is that busd is less popular than usdt.
but whatever it is, these two coins have stablecoins and I don't think it's a problem if we invest here because they are both good

Both of them can be used for the short term. Long-term wise, at least a month or so, it depends on what you're doing with your stable coins. If you only play on BSC network, BUSD is good enough. Other than that, USDT should be the alternative. If it's more than one month, I suggest converting your stablecoin to real fiat. When something goes wrong with both of them, even if you can hold Binance or Tether responsible, the process is tedious. It's not worth it.

The best stablecoin is DAI because DAI is decentralized. Both BUSD and USDT are centralized and you may lose or get your fund stuck for a while. You should check the characteristics of stablecoin and what can the coin minter do.
On the other hand, due to be decentralizex, DAI is safe and no option to lock fund.

["quote]Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS)",  [/quote]

For those of you who don't know much about busd should reas the above qoute, busd is legally backed and regulated by the NYDFS it seems unlike usdt that has issues with the supply, although usdt is widely used and well known but for anyone who is not comfortable with their mode of operation can consider busd, they all serve the same purpose.

Both are valuable currencies, worth almost 1 USD each. USDT is commanly used in most of the exchanges and P2P trading, where BUSD is mainly used in BSC. If you trade a lot on BSC network, use of BUSD will be beneficial mainly due to low trading fees.

Busd is too centerized than USDT but both of them are suck are it is better to avoid using them for large volumes.
USDT has many problems and there are some articles that talk about them lending some of those coins to make an income from them. I also don't think it's really pegged (there is a dollar in their bank account for every digital dollar produced)
BUSD is too centralized and tied to that platform.
Use DAI.

BUSD and USDT both are good and stable coins. There is no any risk in any of these coins. I use both coins for trading or any other use. I use busd most in binance because there is low fee in BUSD.

I believe you don't read the content of OP. Sure they are safe in terms of value since they are both stablecoin but the point here was the company behind it. USDT is controlled by bitfinex which is a very shady exchange and has a bad reputation in the past for printing tons of USDT without any proof of funds backing it while on the hand BUSD was backed by Binance which is the number exchange in crypto market.

BUSD is more safer than USDT in conclusion.

You can consider using these coins for short term, but if you are thinking of holding these coins for a long time, it can be dangerous for you. There are a lot of bad reports about USDT. The amount of usdt they claim is the same amount of real usd in their bank account also seems to be very vague. So be a little more careful about them.

And not everyone is sure about Busd also, everything depends on them so your risk will be much higher here. So it's important to be careful.

I can't say one of them is the best. Because both of them are really good and credible options for me. But I use BUSD more as I make too many transactions on Binance also. I really like to use its own stable coin.

I use both. USDT is most popular stable coin. And we can see usdt pair almost every exchange. BUSD also useable in BSC dex. Personally i always try to use BUSD in bsc dex. If i have to choose one, Then I will choose USDT.

I would rather avoid both these coins and need to find another coin that can be held as a stable currency. I will not trust USDT for obvious reasons of transparency and we never know when that market will get in trouble and BUSD which is run by CZ and i am yet to use them, even though they are a monopoly i doubt whether they will be transparent.

I might hold Dai stable coin for holding my valuation intact than BUSD or USDT.

Too centralized? I mean do not get me wrong I agree that BUSD is as  centralized as it gets and it is under one company's control and there is nothing you can do about it if they say that they are not giving it back and all BUSD belongs to Binance, which is the reason why nobody should use it, I still do and I am in the wrong there and I should not use it but it is very centralized and risky.

However you think USDT is different? How could you think that? USDT is literally a product of a company called "tether", that company literally has 50+ billion dollars from your and my pocket and they do not even back it up, there is only 4% in cash, all others are in stocks, assets and cash like stuff but only 4% is in cash, think about the trouble there. USDT is the most centralized currency ever created, it is under one CEO's rule and that is it, even BUSD is better because Binance has a lot to lose with their company, Tether only has USDT and nothing else so they could scam people very easily.

if you are a Binance user, saving BUSD is also safe, because Binance provides a higher level of security for users,
and that's a good move, there is no significant difference between USDT and BUSD, both are stable coins,
but USDT is still the leader in terms of marketcap, yes or as USDT is the king of stable coins

You can point out bitfinex when something happened to USDT. They are the ones responsible for it and the companies behind it. Fortunately, tether is already complying with the laws afaik because they have been audited which they indicated already. It seems to be too big to fail for USDT, they have been around for years and if regulators are already watching cryptocurrency market, I guess they are already going to be seized if they are not complying to the regulators.

USDT has the most community and if anything happens, you don't need to worry because most of the exchanges in the world always provide the pair of USDT, so that you can as soon convert the coin to other cryptos. However, I am not sure that something bad will happen to this stable coin because it is the most used in the world. BUSD is also a stable coin that is good enough but it is limited to used only in Binance or its partner. So, there is no problem in using both USDT, BUSD, DAI, USDC, and others.

actually both stablecoin are good and safe to use but they have different work of specialty. USDT are the most common coin used in many transaction on exchanges while BUSD are only focusing on Binance transaction.

No doubt the both stable coins are very good and useful but USDT is more popular than BUSD, in almost every exchange we come across we find usdt being listed on it and also usdt got more trading pairs than BUSD. The usdt stable coin is more preferred than busd, traders find it more comfortable trading with usdt pair which now makes usdt look so important than any other stable coin.
  BUSD seems to have so much engagements on Binance since it's their stable coin but this doesn't change the fact that usdt is more preferred and popular than busd.

for traders on binance, I'm sure I will use BUSD more than USDT. This is related to the fees for each transaction that are charged for each trade transaction on Binance. but to be thorough across all exchanges many will choose USDT due to the large volume of stable coins across multiple exchanges. Moreover, to make withdrawals, there are now many USDT networks to choose from, such as TRX, which provides cheaper fees.

For me in my view USDT is the most safe place to hide when there's a problem in the market..  Actually i don't have experience in BUSD but seems there's no difference as it's both stable coin in the market, wherein the problem is it's only available at binance? Because i try to search it in different exchanges and only USDT is available. If it's true then USDT will be the best option in personal opinion even though they're both good and stable coin in the market when it comes trading in different exchanges..

Both of them is good and backed by reputable company, BUSD with Binance and USDT/Tether with tether limited (Bitfinex) So if there anything happens i suppose we don't need to panic because it is controlled and maintained by the two largest exchanges in the crypto market, no need to be afraid but even so be careful, Good luck!

Both coins are centralized and they can print as much as tokens they want, even though the price may not bump and dump it has chances to reaches zero if the trust on those coins from the community lost. If you compare both then BUSD is bit better because it has less transaction fee and atleast owned by a reputed exchange. Whereas the best among the stable coins is DAI since it is decentralized.

Both are safe, but maybe it is about we can feel comfortable choosing one of them or choose both. Some people prefer to use BUSD than USDT, while others prefer to use USDT. Maybe you can read an article on Quora. Here is the link:

both are stable coins and the same as multi-chain, so both for me are very safe
but I personally prefer USDT because it is an old stable coin

in the few transactions that I have made, I am more dominant with USDT
the point is to use what you feel comfortable and need

It's true that there is no need to worry about using BUSD or USDT because many have used both and are proven to be safe,
but indeed it comes back to each individual which one prefers,
what is clear when talking about stablecoins is that the choice is between BUSD and USDT

Both of these stablecoins have the same disadvantage because they are centralized. If I decided to store my savings, I would choose a decentralized stablecoin, such as DAI. But for trading, it will be difficult for you to limit yourself to decentralized stable coins, since for example, for trading in the Binance smart chain, this will require BUSD.

no matter who is new in market or existing currency in market. we should not judge which is better based on this thing , but look at who is behind in this stable coins and how the mechanism for each token minting. in  USDT we look at advantages when use TRC 20 network, transaction speed and fee maybe better. but personally i never use BUSD so i didnt know the weak or strong point.

Maybe the 'more use' of USDT? The quantity and volume have been increasing almost every day. OR you can try stablecoins like TUSD, DAI instead. Unlike USDT, both have been proved assets that projects are based on, which will not cause you to ask such questions. lol Also there are other reputable projects such as PAX(PAXG).

busd and usdt are quite balanced where investor confidence is also very large making these two stable coins very influential to buy when bitcoin prices fall but busd is more cost-effective when trading and making withdrawals on the binance exchange undeniably busd is more cost-effective on binance whereas the usdt has been traded on all the major exchanges and usdt has been known for a long time and has a higher trading rate it is that the attractiveness of fees is also quite normal for withdrawals.

As both are stable coins I don't see how one has an advantage over the other,unless we talk of transaction fees which might vary but the good news is these have come down if you are using the Ethereum blockchain, any other blockchain fees are cheaper.

Actually, if we look at the value side, they are almost the same, so obviously it will be equally safe to use, only for USDT which has been in the crypto space for a very long time, obviously having a lot of pairing with all new coins and tokens in all markets or exchanges so it looks superior.

In the future, those stablecoins could be a great competitor one for one. Tether volume is higher than the Bitcoin volume where BUSD volume is only 2 billion. BUSD is offered by Binance exchange and we can trust BUSD. Both altcoins have centralized control, decentralized stablecoins are the best, but we don't talk about those stablecoins altcoins. I'm using Tether because of transaction cost, but centralize exchange withdraw cost is high.

I don't really think those coin have backups to real currency or any asset but some people say it is not safe because if people lose trust to these stable coins, these coins wouldn't have any value at all. Well I tried to look a little on some sites and see that it was backed by 1 USDT. But in my opinion I think we could trust this stable coin.

Both are good stable coin choices as they are clearly backed up. but I prefer usdt, even if the coin that I want to sell is not paired with usdt, I have no doubts or hestitate to using busd because both are pretty much the same if the purpose only for temporary asset transfer.

How can you trust USDT, when it is not 100% backed up with real cash. Only 2.94% of the reserves is made up of cash. The remainder is made up of fiduciary deposits (18.36%) and various bonds and stocks. The biggest share is made up of "Commercial Paper" (49.60%) and it is this section that worries me the most. They haven't provided any further breakdown on this, and I will be very worried if they are mostly composed of unsecured loans and stocks. The fact that Tether is refusing to provide the breakdown makes me suspicious.

USDC is more preferable for me if I need to store funds. I use USDT & BUsd more often but still I have less trust. DAI has also worked well lately.

So far, I use usdt than busd. I prefer to use usdt as I know this token for a long time ago. Besides that, I choose usdt because usdt are available in many wallets, so we do not have a problem if we want to send the amount to the other wallets. Although busd back up by binance, I still choose usdt and I consider that usdt is good for me.

Agree with you on USDC. It seems to be one of the trustworthy stablecoins. But at the same time, BUSD won't be a bad choice. Binance is the largest cryptocurrency exchange right now and they have maintained their reputation intact till now. My concern with BUSD would be related to centralization and not regarding the reserves. That said, there is no doubt that I would prefer either USDC or BUSD over Tether anytime of the day. Both of them can be trusted more than USDT and the Bitfinex exchange which issues the token.

They are both has a potentials good to hold in the long term mate, I don't see any bad insight about them. In fact, both are really helpful in giving earnings by doing trade in the exchange platform actually. In short, they are both safe for me. Why? because Most of the time I used usdt through buying coins in alts while Busd for me was being useful  via farming or staking something like that.

Choosing in between, you said it right both coins are good and the reason with your words are fair enough

to rust those assets compared to USDT, you have to assess though if how far you understand and trust those

creators of this stable coins, from there you'll be able to start  your journey.

nothing bad, because these two stable coins already have a high level of trust,
BUSD is trusted by Binance users, and USDT is trusted by users of all exchanges, yes, USDT is the king of all stable coins,
look at coinmarektcap, USDT is at top 5 and one of the stable coins that has a lot of marketcap,
so USDT is the safest in my opinion, even though BUSD is also safe

I have been using both busd and usdt for a long time, so you can trust both stable coins, and in general, many people have recently been worried about holding their money in usdt, and therefore some time ago I saw article that was confirmed by SEC or someone else that creators of usdt really have a lot of money and all printed usdt are also available in fiat money, so don't worry about usdt, this stable coin is 100% backed by real fiat money, thats why I holding almost all my money in usdt.

Still now, I don't use BUSD, but I've been following BUSD since it launched. Binance is trying to provide all kinds of service and monopoly. The Tether is also part of centralization. I will suggest using DAI if you want to be very safe, but not possible 100 percent. I'm always using Tether on Tron blockchain, but even some exchange withdraw costs are free.

I think both is safe but if you transaction Busd transaction costs is free.but usdt is need transaction fee.we have to know every exchange is support usdt so on the sence usdt is safe more than busd.

At the present time, USDT is probably more used by people than BUSD, USDT is a pretty reputable currency and it is available on most exchanges.
Because USDT is available on more exchanges I am currently using USDT , but in the future I will most likely try using BUSD.

At the moment USDT has many advantages over BUSD.
If you use USDT you will have more choices if you want to use different exchanges. Meanwhile, if you use BUSD, you will have limitations if you want to use this currency.

of course, USDT and BUSD are stable safe coins, there have been no cases of people losing USDT or BUSD in their wallets, and on good exchanges,
yes because stable coins are also cryptocurrencies, of course both are safe, and the most important thing is USDT and BUSD have a lot of liquidity in the market,
making transactions safe and comfortable, oh yeah There are a few things to consider if you want to sell BUSD, because BUSD is only available for Binance users,
so don't be surprised if BUSD is not found on exchanges other than Binance

I agree with this opinion, both coins have their purpose and both are good to use. USDT/Tether is the best option to transfer funds between different accounts on different crypto exchanges and has a fairly wide acceptance and application in different networks. Perhaps for this reason, the more common and preferred coin is the Tether (but the purposes for which you need these coins also matter).

Well, we've seen that CZ always solves problems with Binance, and in this case, it's probably safer to use BUSD than USDT. unfortunately, I've been using USDT too many times and turned to BUSD as an alternative. for now, I don't keep both, but if I was going to use them I might choose USDT for now.

Both of them are safe to hold...actually, I'm using BUSD for trading pairs and if we compared to USDT, there is no difference.
Holding stablecoins is not really the best idea when you wanted to grow your money unless if you just think about safety and less risk. But for me, I'd rather have to take a risk holding/staking those highly volatile coins than these stablecoins.

You said that if something happens to BUSD, then you can show Binance. Of course if something happens with USDT, then you can show the Tether company. BUSD only works with a few crypto companies, and its parent Binance. If something happens to Binance, let's say the company goes bankrupt. What would you do? USDT is listed on all exchanges, if anything happens to the Tether company, there are many other exchanges that support USDT.

These two stable coins are safe and you can use them without any worries. They are important in keeping your money in the volatile market. They both have the same performance. I don't advise you to leave these two stable coins in your wallet for a long time because if the time of the market rise comes, your profits will be zero.

Both are good if you want to quiet stay away from volatility, if that's what "safe" you are pointing to.

Or you are referring to what if Binance scammed you? Basically, you are fuck*ed up lol. :)

But seriously, after all regulations, Binance won't likely to turn into a scam. You can bet on that.

Both stablecoins have big companies behind them, if anything happens then it will have legal consequences. That's why I trust these stablecoins at some level, it's not %100 safe but what is %100 safe anyway? Cash dollar is risky, holding it and keeping it safe cost you money. Banks may bankrupt, governments don't help you if that happens. We saw all of these in the past, remember 2001 and 2008 crisis. I don't see holding a stablecoin have higher risk than holding fiat dollar. Both have risks, both have advantages. I would trust BUSD and USDT at almost same level, I own both by the way.

busd and usdt are coins with stable prices so, just the same if they are stored it does not affect storage and will not make them 1.5 usd the coin wilt. that's my opinion

USDT is bigger than BUSD and is the biggest stable coin but the BUSD (Binance USD) is growing. The trading volume of BUSD is up too much in January 2021 but in fact it has been growing since its launch.

Volume is rising long trend (https://coinmarketcap.com/currencies/binance-usd/) and despite of the fall recent months, the trend is up. BUSD is connected with Binance and when Binance is growing well, this stable coin will get good support from that company. However, centralization has its risk.

In my opinion, the best stablecoin is USDT. Tether is a well-known, high-cap currency that is rated 3th on CoinMarketCap. The current capitalization of Binance-USD is seven times less.

However, if you are trading on PancakeSwap for example, you can only use BUSD and USDC as a stablecoin. I hope someday Tether will roll out its fourth network and issue its BEP20 tokens on the Binance Smart Chain.

BNB, BUSD and BSC are fully affiliated with Binance, so they will all crash at the same time if this large centralized exchange gets hacked or goes bankrupt. So far BUSD is the best choice for trading on the Binance Smart Chain.

As competitors, I don't see a future when Tether USD and Binance USD cooperate with each other. It won't happen soon in my opinion because Binance have their solid position and their ecoystem is on a good growth track with Binance Smart Chain, Pancakeswap.

Tether USD is more popular on exchanges than BUSD need more time as well as better adoption to increase its real trading volume. Pancakeswap will give BUSD a good support.

Binance ecosystem with BNB first, and later BUSD, BSC will have mutual support for each growth and together they will help to make Binance greater.

The only different thing must be the entities who have been operating these stable coins but in my understand if tether should be even trusted then binance consider it has issued more stable coin compared with the BUSD. So many people have been holding these coins for years. that proves the reliability of tether even when there are lots of stable coins in the market.

I always use USDT but But this is in case of small amount. Less then $5000. I think BUSD is more safe. So i am used BUSD when my Balance is More than $5,000

As far as USDT is concerned, the court cases are not settled and their funds can be seized (although the possibility of that happening is very low). Till now they have refused a third party audit on their reserves. Also, they have refused to provide a detailed breakup of the reserve funds. All we know is that around 49% of the reserves is made of "commercial paper". Now this commercial paper can be from trustworthy companies, or from shady entities. Since they are refusing to provide a detailed breakup, I would assume that it is the latter case.

security what makes the difference? what you mean probably has to do with where you trade or hold assets.
I also use BUSD more often than USDT because I do trade on Binance and keep my assets there.

USDT existed for years (since 2014 as I know or earlier). BUSDT is only available for 2 years. USDT is more trusted than BUSD and supported by IFinex (patrent company of Bitfinex, tether and many more).

Very possible that it's from dummy entities, if they are not hiding anything it's easy for them
to allow third party company to audit their reserves but until to date there's nothing that happen with that call.

In this particular topic it's answerable by those end users who value their money, people who already understand
both coins and enjoy the transactions that they've made using this two stable asset.

the advantage depends from how the end users define the very use of every projects.

I'm like that too. however I've never used USDT in large amounts, and I don't hold back on it long term. however, USDT is indeed bigger than BUSD, but in terms of security, maybe I prefer BUSD over USDT. However, to avoid unwanted things, I don't use stable coins in large quantities.

Busd and usdt both are stable coins and both are safe, but a si am using binance and i am the use of binance so i am using busd much, and also i think busd is good if you are a binance user.

     You have a point but the thing about BUSD is that its uses are quite limited compared to the USDT that the majority of people in this industry has been  very familiar with. Which makes it available on many exchanges and has several uses. Still though, BUSD is good to use despite its limitations since the binance chain is getting more and more popular nowadays plus most of the people love to trade on binance anyway so I don't see much problem with it. Everything just boils down to user preference. Maybe some time in the future there will be drastic changes that would make the first choice better than the latter but as of now, I am completely neutral.

Personaly, considering the integrities of these two stable coin, I will say they have both come a long way as they are widely use across exchanges. You will always see usdt or tether as it's name implies, and busd the usd of version of Binance. I believe Binance has done a great job with the creation of this coin, but it's only tradable on Binance and Binance Smart Chain network. Which means it can be pair with other coin on its exchange. And just like usdt which which is also can be pair with others. One thing I know is that usdt has lot of advantage over the busd.

Both of them are stable coins and could use any of them to save your money when market conditions gets tough. They never fluctuate with the market so you can trust them in tough conditions.

both are still safe and I still use both, but in terms of popularity USDT is still better because it is already used as a pair on all exchanges

Yes but when you want to transfer between exchanges I think USDT sucks actually. The withdrawal fees are outrageous and the problem with BUSD is that not so many exchanges provide accounts and trading pairs for it. TRX is a good alternative to transfer between exchanges though.

Tether has so far still earned the trust of crypto users. Almost all markets use Tether. BUSD is a stable coin from Binance, if we doubt BUSD, then we need to doubt Binance. This means that BUSD is also safe, and will become the number two stable coin.

Actually USDT (Tether) and binance supported USDT (BUSD) two both coins are very much popular and stable coin. It's price always constant and never dumped when all cryptocurrencies market crashing. You can choose both coins for researving your cryptocurrencies.

But not many platforms are having their USDT-TRC20. This is really a very good alternative if it is available as the fees are very minimal when you interact with Tron network. But when it comes to comparing USDT vs BUSD, I think I will be more on BUSD as they have insurance in place. However, with USDT, they have history of not being fully backed by USD assets. So I don't know if today, they are telling the absolute truth about their assets. In any case, just be careful holding USD related stablecoins.

I think that the problem is that a good number of exchanges hasn't implemented or supported BUSD yet. Maybe it is because they have their own stable token and don't want to support another one, but cheap transactions between exchanges is really important.

I am not sure why people are saying that BUSD is safer than USDT. In case, any thing wrong happens with USDT, i think it will also impact BUSD.
Also is BUSD 100% backed by the binance exchange ? If so, can you give any evidence ?

https://i.imgur.com/hEnoqAG.png


https://web.facebook.com/waqarzaka/posts/371816081177420

Both are safe because both same as stable coins which are often traded by traders and just a little different. For USDT we can found it on all exchange with a variety of different chains with different fee withdrawals also every chain but for Busd is still closely connected with binance and not all market listings busd,besides that trading pair is also very limited. Btw im also used BUSD and USDT very often and USDT still my option to safe my porto if market crashed.

I mostly used stable coins trading pairs for trading like BTC/BUSD or BTC/USDT. Why? That is because whatever happens on the market, even there is a huge decline, your money where still safe provided that it was already converted into BUSD/USDT.

The other reason why I have fun using them is the volatility of the market where stable coins don't have and avoiding it to lose our money when dumps had come. When seeing the decline, I use to switch it back to BUSD and then wait for the moment when the market is showing well.

it doesn't seem to be a strong proof. If USDC was not properly audited and mastercard will not create a very good cooperation to create a new payment system through use USDC. As far as I know USDC was a very transparent stable coin and it's not the same like USDT. I think that if it's must be included in the exception

BUSD is regulated and audited. They ensure that every BUSD is backed 1:1 by a physical dollar stored in FDIC-insured US banks.
USDT is not audited and has had security breaches and lawsuits in the past. They don't guarantee a physical dollar backs every USDT and the money that does back it is stored in offshore banks.
So I would consider BUSD to be a safer stablecoin,

If that is the case, then why people not save their dollars in BUSD and keep them in USDT. Even though there are charges against USDT but why people still keeping the funds in USDT and not shifting to BUSD or USDC ?

Both are safe but my personal view is that Busd is more secure than Usdt because its Binance exchange own exchangeable stable coin while Usdt is total decentralized token like others token and if stopped working you can lose money.

BUSD was the USD used in Binance only but for all of the exchange or most of them uses USDT, some people say that USDT is not safe but some people say it is safe since it was backed up by $1 I'm not really sure about it but as you can see it's the USD of the cryptocurrency and I consider it as a safe money like selling Bitcoin on top and convert it to USDT to be stable and waiting for reentry and buy Bitcoin again, it would also help you to avoid crash in the market.

In my opinion, both stable coins have the same function, namely as a benchmark for the value of fiat currency, so if we look at this, BSUD is fairly similar to other stable altcoins and maybe only USDT is slightly different and you could say, using BSUD as a pair is better safe compared to using USDT in terms of audit, regulation and storage which are based on the value of the US dollar, for value security and free from controversy or fluctuations in the price of stable coins, because crypto-related issues or cases certainly make BSUD the right choice for stable coins for investment or for buying and selling pairs on Binance today.

So far neither has had any issues for me and don't think too negatively about either of them.
the difference is that it only runs on a different blockchain, its purpose remains the same, namely securing your assets when trading.

Both coin are safe and secure these both  coin are   stable and never dump but I think busd is more better then usdt busd is binance exchange own coin so I recommend busd and do any trade In busd Reason for selecting busd .Usdt is not audit yet but busd Audited  and safe coin

TRC20 on Tron, and OMNI in Bitcoin Network, while BUSD or the Binance USD isn't generally utilized besides in the Binance trade however BUSD likewise utilized the BSC and Binance Chain Network, and if you were to ask me which is better I will pick the USDT yet with the exception of those warnings. I have been utilizing USDT since a couple of years prior and I never experience any issue with it.

If you really think that BUSD is safe why Binance is running from every country that files a lawsuit and not fight against it. They claim that they are audited and it is advertised like that everywhere but i need to check everything to accept their claim because for the longest time USDT was claiming to be audited even though there is nothing visible for the public to verify. Here BUSD claims about their audit but has anyone verified that.

It is unfortunate to see that people are still trusting USDT even with all the lawsuit and the lack of transparency, we need to understand that popularity does not mean that it can be trusted, i do not trust either of these because of obvious reasons, BUSD is owned by Binance and USDT which is murky.

for me both are safe...

busd is a stable coin backed up by binance and usdt tether is a stable coin that has been in position 3 of the marketcap for a long time. you don't have to worry about the government, they definitely won't disturb the stable coin.

Actually, if you ask me, I'd say both are safe. The problem is I just remember a lot of lawsuits were filed for usdt but I didn't follow the process. I mostly use busd, the commissions are almost free, of course when I use usdt depending on the situation.

Yes, until now both BUSD or USDT are very safe and there is nothing to worry about,
both have also been used by many people so I think it's obvious that it's completely safe

There is no right answer to this question. In both cases, if something bad happens, our money will be lost. USDT was created earlier, so you can follow the rule that if something is on the market longer it is safer. Binance already has a very good opinion at this point, but let's not forget that even the biggest one may fail.

It is still the same problem, they still owe the same reports to the same people. The issue is that once these people get to know each other, they also develop incentives to do shit with the power they obviously have. Some people really underestimate how powerful stable coins are by now!

These stable coin are strong stable coin, Both USDT and BUSD are backed. USDT is back by physical dollar in the bank while BUSD is back by paxogold! Cryptocurrency user should not have problem using both stable coin. However, I have seen a user friend whose  fund were locked because of huge amount he holds in these stable coin.

No way you should put your faith 100% on any stable coin. That being said, BUSD being Binance pegged should be relatively safer. Also there was a time USDT was under the limelight about being scammy. So watch it

No doubt both are strong stable coins and backed by Fiat dollars but USDT is not considered very reliable as its reserves are held in offshore banks which are less trust worthy, though it is regularly audited and its reserve value is published regularly and its last audit was done in 2018,  On the other hand BUSD is backed by Binance which is leading world exchange and has won confidence of its investors by maintaining  its credibility and has always followed good business practices since it was launched.  BUSD is regulated by the New York State Department of Financial Services.

https://dappgrid.com/busd-vs-usdt-vs-usdc/

These are the initial stages and i am not a huge fan of these stable currencies from the start and it looks like all the projects now identified a way to create stable currencies and what i want to know is how long these so called stable currencies will be stable. We have seen some of the hyped stable currencies bombed big time in the past and the popular ones now might get into trouble at a later time as the government will always find some shit that is not right with them  :D.

I consider USDT to be quite safe, as it is not going to devalue like different algorithmic stablecoins, because it has collateral.
We use Tether on Tron and on Ethereum, but BUSD only on Binance Chain. So Tether is more widely-spreaded. According to statistics, Tether's trading volume is 5 times higher than on BUSD. It shows that people prefer using it as it supports more exchanging pairs.

Stable coins worry me & it isn’t because of them being untrustworthy or a worry about their steady store of value. There seems to be a lot of legal action waiting in the wings & regulatory pressure towards them. I worry sometging will happen.

it's like what happened to USDT.
but both will always be safe. I'm sure of it.
for my own use, I use both, but mostly in BUSD because I trade on binance. sometimes also use USDT, it all depends on the asset and the pair of coins I trade.

sure busd has as a guarantee nothing less than binance a name that currently offers the best guarantee on the market and usdt? it is somehow connected to bitfinex but even if this were to fail usdt would not disappear because it has now been adopted by almost all exchanges

With all the rumours going around about usdt not being trusted and not fully audited, although it is the most popular and widely used in almost all exchange, nobody knows what will happen in near future or future what the team will be capable of doing, so for safety reasons, I will better choose busd since the are fully backed.

The two stable coins are good and safe as well, the difference there is USDT has more popularity than BUSD and it's listed in almost all crypto exchange, while BUSD which is the Binance us dollar has more effectiveness in its exchange (Binance) and isn't listed in so many exchanges. BUSD importance is based on the Binance exchange, there are so many features you can use your BUSD to participate on Binance exchange, but among the two  USDT is the most preferable.

Popular stable coins are safe but if you have large amount of money it's wiser to split them on different Chains like BUSD, USDC, USDT and DAI which I believe is more reliable because it's decentralized, other centralised stable coins might face problem once CBDC becomes active

Both coins are trustworthy and its value is also same. So I don't see any difference between these two currencies. Yet since BUSD has a large and reliable organization such as Binance. So it dominates a little more than the USDT

They do hold their value reliably and their respective market shares in the stable coin market are impressive, but we shouldn't forget that both are fully centralized versions and both companies do and did have their scandals and problems. Bitfinex had problems a while ago and is again under investigation I believe and Binance is also involved in problems.

What would happen if they get cease and desist letters or any other requirements that would force them to support their stable currencies? That is the risk with centralized ones.

USDT is becoming more and more popular even with the shady history

https://i.imgur.com/wlaXL8R.png

surrounding it people (including me) keep using USDT and as a consequence usdt managed to get third position in coinmarketicap, which means it is much further away in terms of marketcap in relation to competition, but BUSD is not bad either, it is performing well by occupying the 11th position in the coinmarketicap

it very simple for us, if feel worry by holding this stable coin assets just convert it in fiat and never invest again in crypto market. too many thinking didnt give us money. every saving or investment will always have risk. BUSD or USDT was good stable coin to hold , no matter fundamental behind this coins. too fud that come but none of them proven.

I think all these coins are stable coins.
Here are two coins which are busd and the wine of binance coins. I think the best coin is binance.

Tether is the first USD fiat token which have bigger volume than busd. It's the same but USDT is more popular. Binance is safe but it is from an owned exchange so it could be scam anytime even the chance is 0,1% if we see binance reputation. So i think it's the same nothing better than each other

There is no fact-based belief to say so, Busd and Binance have their own pattern of doing it, both are currently in the best position, there is a value to each of them that cannot be separated.

For the future we need to wait for the continuation of the story, whether Busd is related or not with Binance, I think it is almost impossible for this, even if I am wrong in analyzing, I hope this is not true.

busd is a short term for binance us dollar so this token is related to binance .

yes we dont know what future awaits in binance . they maybe strong now but what if they fall ? can we still say that busd is the best or the safe alternative than other stable coins ?

before busd came out i think theres already usdt and usdt is now widely accesible . i too can trust this token more than i trust binance busd .

if it's a security issue I think both are safe. the only difference is that BUSD is on the Binance network, while USDT is not.
I think it's just personal preference to choose USDT or BUSD because they are functionally the same, and are not affected by a decrease or increase in market prices.

I'd go for USDT.... seems like the only stablecoin that is safe.

My Best Stable coin is USDT, yes i always USDT for my Trading, all time i converted my altcoin as USDT. and also maximum people use usdt as a stablecoin. BUSD is another popular stablecoin on crypto market but use this coin very often.     

Both are the best, none is better than the other because both offers same thing, stability against crypto volatility, and also both are controlled by centralized entities.
BUSD is from Binance and Binance is known as a good exchange, thus they will make sure they protect their coin against all odds, also BUSD is gradually getting supported by a lot of exchanges and thus having a good trading volume and market cap. USDT on the other hand, is also supported by all exchanges as well as different blockchain networks, but in all, it still offers same thing with BUSD.
The only difference I can spot out between USDT and BUSD is, USDT have a bigger market cap and support by different blockchain networks than BUSD, but with time, BUSD will still catch up with it. Moreover, most exchanges are now developing their own stablecoins and therefore this will keep reducing the attention on USDT, hence since all will offer same thing, I can't say any is better than others.

USDT is designed to make it easier for users to make financial transactions. By leveraging Blockchain technology, Tether (USDT) allows users to store, send and receive US dollars, in the form of digital tokens. USDT can also be used for peer-to-peer transactions globally, in an instant, secure way, and without high transaction fees.

In trading transactions we often use the USDT smartchain network because the use of the BSC network is very cost-effective and allows us to trade tokens in DEX for short term trades, sometimes I use BUSD for pancake trading.

To most of our surprise, yes, it does seem that USDT is still by far the more popular choice of stable coins, and this may well be because most markets are in USDT than any other stable coin. However, given the history of USDT at times when I'm permitted I do consider looking at others like BUSD and USDC.

Which stable coin you go for seems to be determined mainly by the reason you enter stable coins and since most people trade (or at least want to trade in the future) the option of choice is USDT but with time I wouldn't be surprised if we were to see people becoming more conserved. moving away from it.

BUSD and USDT both stable coin  so  both coin are safe but USDT is most popular coin compare to BUSD because USDT Available this market many years. Both coin are safe for me.

Go for USDT of course, you can use USDT on most of the exchange, gambling site and other services that accepts USDT but if you're using BUSD it limits your use to Binance exchange actually they both are the same it's just that Binance created their own USD I think it's also backed up by $1 so both USDT and BUSD are safe but USDT is more universal than BUSD

When the market goes up and I want to release it when the price is high of course I put it in BUSD or USDT because the coin is stable and the rate is 1:1 dollars, so there is no worry when the market conditions in crypto are bad because assets are stored in BUSD and USDT, and so far they are still quite safe despite the many issues mentioned above against the two coins.

I do have both USDT and BUSD, and so far I have no problems with them as stablecoins. However, USDT is the most popular stablecoin out there because it was mostly used in centralized exchanges (CEXs). For me, both are safe in terms of volatility and storing them in a non-custodial wallet.

Yeah, there is no wrong and a sort of problem holding them as long as you are holding them in highly secured exchanges like BNB. I often used BUSD for my trades and even to stake for some a few weeks and I'd never found anything bad to happen.

Not only is it paired to many coins in the market but the so-called volatility is not present. At times when I can't understand the market situation, I deem to convert it to BUSD. I don't mind the small profit I could get from staking stablecoins but at least my funds are still safe.

There is no such thing as safe, I remember I read something before about USDT but I think it's just a hoax and no proof at all but for what I have seen in Tether it's mostly used by all cryptocurrency user and it's one of the stable coin in the market. But with busd and usdt? I will of course go with usdt since you can use it mostly anywhere, you can only use busd to binance exchange.

BUSD or USDT both function as a stablecoin for trading crypto, reduces the risk of volatility. USDT is the first and oldest stablecoin approved for trading on all exchanges. I personally prefer using USDT, maybe a habit.

The question is very controversial, but if the  Binance Exchange dies, then the Binance Smart Chain will die, along with BUSD.

But also recently there have been a lot of lawsuits and proceedings about USD (Tether), they say that this is an inflationary token.

What do I think? I think that for the complete disappearance of these coins, you need very strong and bad news for the collapse. Both coins have a huge capitalization and it will be impossible to break them so easily.

I use both. but only for day trading. after my profit, I usually exit the trade with USDT or BUSD.
both are good in my opinion. depending on who and the choice of available trades.

They claim 1 USD=1 US dollar; It is not mineable & The founder reserve the right to print tether by their wisdom. You know USDT is not audited and not backed by anything. which means they don't provide any guarantee of the value of your coin.

Since 2020 they don't have any transparency about their POF; very recently they have updated with some proof of funds, I dunno how trustworthy their words are. Rather than they are self-confessed that they have gotten hacked multiple times from 2017 to 2020, and frozen peoples money many times.

Nothing to worry because both are good stable coins they already popular stable coins in the market so both are safe. You can use USDT or BUSD to trading but if you use binance exchange I think it's better to use BUSD because you can save on trading fees and also they offered 0 withdrawal fee for BUSD if the network you use is BSC.

I think there is a massive difference between the two and that is the fees. Getting your USDT from one exchange to another right now costs you a fortune. The fees are ridiculous. Some exchanges charge up to 20 USD for a single USDT withdrawal. The issue is that not all exchanges have BUSD listed. Anyway, if you stay on the ETH network USDT is just fine even though the fees are still a pain in the ass, but if you have the choice I would go with BUSD as it gives you more flexibility financially.

The name is stablecoin, yes the value is $ 1 because it was the initial concept of stablecoins, where their value will be the same as the value of fiat currencies in general, but for the most choices, I'm sure more people choose USDT than BUSD, with their own reasons or considerations each according to their needs.

if you want to discuss "stablecoins" why do you only want to discuss USDT and BUSD while many others exist, you only focus on both because they are familiar to you, try to read there are still many stablecoins that can be questioned, if these two stablecoins are as long as the network is still around  and survive then they still exist because they already have a name, but otherwise not necessarily

Binance Usd is a developing coin, it has great future, cause binance support it for further development. one US doller is reserved for Each BUSD and it is fully regulated by New York State Department of Financial Services. That's why it is trusted and secured. On the other hand USDT is not audited, and the founder will never give any security of the value of the coin, they have reserve the rights to increase or decrease the total supply anytime.

Both are stable coins and you can use them without worry, stable coins on cryptocurrency will have the same price as usd.
Usdt and Busd for me are good to keep some advantage because both tokens support blockchain with cross chain tokens, because both have good volume in crypto market and usdt is at 3 cmc.

what is clear is that busd and usdt are both functional, depending on your needs, usdt is more widely used as a pair in almost all global markets, while busd is more narrow in use because according to its acronym, Binance USD, it can only be found on binance and pancakeswap. I often use both, depending on which chain or market I'm trading. well, as long as we use it only for trading needs and not used for long-term investment then it looks like using both will still be safe, after all what's the benefit of holding the coin stable for the long term?

in addition, this is a comparison between busd and usdt
https://i.ibb.co/W3rmRFB/busd.jpg https://i.ibb.co/MkTc7hF/usdt.jpg
_{https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tether}

the dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment.

I think what you say and give from the comparison clearly there is no difference if it is for price stability, so anything can be used but it is true that more and more widely use usdt than busd.
the most important thing and I underline is "what's good in holding the coin stable for the long term" because there is nothing to be gained from that treatment.
Stable coins never and rarely do it for long-term investment but to hold it for further use it is clear that many do.

I think both are stable coin It's uses different system. O think BUSD and USDT both coin are use to safe us.Both coins will have same valu or price as USD.Most people choose both coin.Both coin gives us flexibility financial.

they both have the same function. I think this coin is important for those who trade when selling their trading results and are placed on stable coins, with the aim of waiting for the opportunity to return when they will trade again. but in the long term the function may not be optimal, because the asset will remain the same value until later

busd and usdt are both stable coins in my opinion. and I personally use both well when trading on the Pancakeswap platform so I use the BUSD pair. and if I trade on Uniswap using USDT pairs and both are safe.

Most of people choose to use USDT because it's accepted in more platforms and have higher volume but BUSD or USDT is all the same it's just with BUSD the platform that accept it is a lot more limited but both of them are really stablecoin because from the price chart it's always stay at around $1 and even there is small fluctuation it's not as big as other altcoins. In my opinion, both are fine.

In my opinion, USDT currency is much more popular and used a lot on other exchanges, but BUSD this is just a stable currency of binance and it is only used mainly on binance.if there is a transaction and choose, we should choose USDT which will be easy to transfer to another exchange to participate in trading and buying and selling.

yes, As far as I'm concerned, usdt dominates the market for other stablecoins. including busd has a smaller volume compared to usdt. so, it shows that usdt is used more often than busd. I believe that these two stablecoins are safe to use, but I recommend it for you to use usdt.

There isn't much of a difference between the BUSD and the USDT. If you're a novice trader, you should focus on volume, arbitrage chances, and so on. Binance is the place to go if you want to trade all the major stable coins, including BUSD, USDT, as well as pairs like BUSD/USDT. Both USDT and BUSD are safer investment. But BUSD is a regulated and audited regularly. They guarantee that each BUSD is backed by a physical dollar held in FDIC-insured US institutions. Whereas, USDT has suffered security problems and lawsuits in the past and is not audited. They don't guarantee that every USDT is backed by a tangible dollar, and the money that does is held in offshore banks

I think both are safe,it is just At the moment USDT has many advantages over BUSD. If you use USDT you will have more choices if you want to use different exchanges. Meanwhile, if you use BUSD, you will have limitations if you want to use this currency.

I think both are the best, but because I use Binance exchange for trading, then of course I prefer BUSD rather than USDT, because almost all cryptocurrency on Binance exchange are pairing with BUSD and of course I would feel safer to use BUSD on Binance exchange, because BUSD is a stable coin from Binance exchange.

At this time I think both are safe but USDT will not safe in future that's way BUSD is safer than USDT so I think you should keep your token in BUSD. now its your choice.

BUSD and USDT are two stable coins created as use cases on two completely different platforms.  BUSD fully supports binance smartchain and a big plus point here is that trading at low fees is possible with stable coins.  But in the case of USDT, trading on Ethereum Pier is a bit cost-effective compared to BUSD.

BUSD and USDT are both stable coins that are safe to saving in replacement of USD. If BUSD is in trouble, then we can go to Binance, as well as USDT. USDT is a Tether coin which of course has a company, and has a team, so we can go to them. Maybe you can check the Tether site, and you get all the information about Tether.

Both are good for me, I use USDT in other exchanges and BUSD in Binance. BUSD is not available on every exchange but USDT is available on mostly exchanges. In this case USDT is good but If you are using Binance exchange then I prefer to use BUSD becuase there are many pairs in BUSD on binance and BUSD is their own token so using it will be more safe.

In terms of technology USDT is completely secure — it's a centralized token developed on the decentralized Ethereum blockchain that's meant to be backed by 1 US dollar stored on Tether Ltd's balance sheet in the form of cash in bank accounts and government bonds.
BUSD is a stablecoin and its value is pegged to the USD or USDT value. So it doesn't make any difference. So probably but are safe.

Your idea about crypto must be really superb for saying it's completely secure when they can hammer your finances anytime they fill or when they aren't really satisfied with your ways of investment.
BUSD and USDT are really good to hold only for short term especially when the market isn't favorable. I don't like USDT despite been peg on BSC, I rather go with BUSD in Binance since they are ready for full regulations, at least I know I am self unlike tether that has been having issues from inception.

Aside all the negative news going around USDT, and also not forgetting that USDT still have a pending court case(some already said this here) if we put all this aside, then I did say that USDT is much better than BUSD for several reasons,
One being that USDT is very much more popular and much more accepted than BUSD is, every exchange, both centralized and decentralized all have USDT listed for trading, but BUSD is only available within Binance exchange and pancakeswap which is highly limiting to its usage.

To me the both stable currency is safe and have been working very fine for a long while now, well due to the fact that have been hearing and seeing some FUD news about USDT makes people loose trust in the USDT blockchain, so bad for me I haven't been so much aware of this maybe because am not so much active with the crypto news updates, sincerely I like USDT more than BUSD maybe because am more familiar with it, I just wish everything turns out right for the USDT ecosystem.

Usdt is a risky not pegged shitcoin. The only reason it is used a lot is because it was the first anc for dome strange reason people keep using it. There is to much smoke there that there must be a fire.

If planning to save money to prepare the possibility of bearish in the future, stable coins are good asset to store. In that case you have usdt or busd to use once dump occur. I guess Eth and Binance has nothing to do about stable coins value.

USDT is usually utilized in multiple networks, whereas BUSD is mostly used in BEP20, therefore if you're simply trading on Binance, BUSD should be enough. If you're using USDT to purchase a certain altcoin on a different network, it'll work.

USDT has had a lot of troubles in the past, thus there's a danger if you want to hodl it in case the market changes and you're ready to buy. BUSD is safer than USDT especially when you're having a transaction in binance smart chain and I bet that it's the best since most of us are now using Binance exchange, and a lot of NFT games are in Binance Smart Chain.

these two coins have the same value and function, namely stablecoins. but the difference is only a different platform / network. USDT uses 3 platforms namely ETH, TRX, OMNI. while BUSD only uses the binance platform. so if asked which is safer then I will answer USDT is the safest and USDT is in all Exchange market and BUSD is only in some exchange market.

BUSD is a stable coin by binance which is the united state dollar on binance chain, that of USDT is United States Dollar on ERC-20, so if anything happen to the USDT then ETH will be hold responsible.
But I don't think anything can happen to both so far as the Blockchain is alive.

I think both are flourished in the crypto world and i have no doubt about these. Both are use as stable coin. Normally i use USDT more then BUSD. I didn't get any difference between the two.

I personally like Binance stablecoin more than tether dollar because Binance do audits and things are more transparent while tether is just a little bit shady and never heard if they do public audits and things like that.

I am not a huge fan either but the same logic applies with Bitcoin. There are many projects and coins that provide more use cases than BTC but because it was the first one, it still has the biggest market cap. Similarly, no matter how many flaws are there in tether, it still remains the top stablecoin.

You can use USDT on most exchanges, gambling sites, and other businesses that take USDT, but you can only use BUSD on the Binance exchange. They are identical, it's only that Binance invented their own USD. I believe it is also backed by $1, thus both USDT and BUSD are secure, however USDT is more widely accepted than BUSD.

BUSD is a stablecoin which is backed by Binance. As long as Binance stays the biggest cryptocurrency exchange in the market, I don't expect BUSD to lose its importance and power. On the other hand, USDT is a stablecoin which was founded by Tether Limited company.

So, I think that there is not very much difference between these stablecoins actually. You can prefer to use both of them like I do. As long as the companies behind these stablecoins don't bankrupt or lose their power because of something, both BUSD and USDT will stay the most preferred stablecoins in the market.

There is a difference of night and day from the technical point of view but from a trader's point of view, yeah there's not much separating them. Both have a stable value and are good for the management of portfolios.

Tether (USDT) has a higher volume hence more liquidity in terms of price while BUSD is still far behind.

I don't think novice traders should ever focus on things like arbitrage because arbitrage trading requires superior knowledge and understanding of the market.

Also Tether is much more expensive in transactions. Withdrawing USDT from exchanges is painful, but BUSD is quick and cheap. The point with the audits is a good and important one. Nobody knows what's going on with Tether.

As for Bitcoin you should keep in mind that it is not worth the most because it was the first, it is worth the most because it is the most secure blockchain in terms of hash rate. Price and hash rate are strongly positively correlated, you can check the data.