BUSD Vs. USDT

[CaptainDeFi]

Both in different ways

[meldrio1]

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.

[kooboat]

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. 

[Golftech]

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.

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.

[Rexler]

Is BUSD no much different from USDT?

Which do you prefer?

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.

[guydin]

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.

[tabas]

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.

[ingiltere]

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.

[tabas]

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.

[ingiltere]

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.

[oscarftw]

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.

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.

[tabas]

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.

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.

[MishaSER]

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

[Teraboy]

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.

[kaseygriffin]

Is BUSD no much different from USDT?

Which do you prefer?

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.

[tygeade]

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.

[perfect999]

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.

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.

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.

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.

[Vishnu.Reang]

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.

[makishart]

Both are good stable coin, If I can choose I prefer to use USDT than BUSD. Not all exchanges use BUSD as pair in trading, it might be difficult if I have BUSD and I want to buy coins on a major exchange that doesn't use BUSD. Even when I buy coins on Binance I often use USDT.

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

[Smitty Werben Man Jensen]

Both are good stable coin, If I can choose I prefer to use USDT than BUSD. Not all exchanges use BUSD as pair in trading, it might be difficult if I have BUSD and I want to buy coins on a major exchange that doesn't use BUSD. Even when I buy coins on Binance I often use USDT.

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.