BUSD Vs. USDT

[Jamesdila1]

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

[tvplus006]

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.

[Fivestar4everMVP]

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.

[flagpara]

Is BUSD no much different from USDT?

Which do you prefer?

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.

[Fredomago]

Nah there is no difference between BUSD and USDT.. Both are stable coins but I prefer USDT because of course this coin is the most popular of all stable coins and it seems most exchanges has USDT while BUSD listed only in Binance Exchange I guess.

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.

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

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.

[tabas]

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

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.

[jerry0]

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?

[Negotiation]

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.

[shinratensei_]

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

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.

[bussybuddy]

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.

[airdata]

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.     

[nelson4lov]

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.

[Kitaiev]

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.

[someone703]

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.

[slaman29]

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.

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!

[Apnaworld71]

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.

[Sendi blackspade team]

Is BUSD no much different from USDT?

Which do you prefer?

Since I regularly use Binance for trading, I would prefer to use BUSD for trading to save transaction fees. But for me, using USDT is also very good, I don't know people comparing dollars with each other, basically, which one is convenient to use, we should use that.

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.

[JeffBrad12]

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.     

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.

[CryptoATM]

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

[Kitaiev]

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.

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!

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.