busd or USDT safe

[udayantha11]

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 ?

[1715063736]

1715063736

[1715063736]

1715063736

[1715063736]

1715063736

[masterrex]

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.

[apa don]

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 ?

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.

[bamb]

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!

[bigjuk]

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 ?

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.

[camat gampong]

BUSD is only supported on the Binance exchange but since the release of BSC token trading on Pancake, BSUD volume has increased for assets on stable coins. So far both stablecoins are very safe but USDT is superior because it is available on all exchanges and has the largest volume for the stable coin category.

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.

[smartaction]

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.

[Review Master]

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. 

[FinneysTrueVision]

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.

[livingfree]

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.

[bekti3]

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

[elda34b]

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.

[Little Mouse]

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.

[Bitstar_coin]

["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.

[Ghondronk]

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.

[hugeblack]

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

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.

[Digital_Lord]

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.

[Coin_trader]

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.

[ScamViruS]

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.

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.

[ILuckyGuyI]

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.