Help a newbie choose a better stable coin

[Smack That Ace]

Although USDT has always been questioned about its transparency and the allegations surrounding it but I haven't had any problems since using it so far. I know it is a centralized stablecoin but when we invest in crypto we take risks so I don't feel any problem with USDT. USDT is an old stable coin and is used on all exchanges nowadays so I recommend USDT if you are looking for stable coin.

BUSD is also good stable coin but it only works well on Binance and BSC chain, it is not as popular as USDT.

[m_nief]

Although USDT has always been questioned about its transparency and the allegations surrounding it but I haven't had any problems since using it so far. I know it is a centralized stablecoin but when we invest in crypto we take risks so I don't feel any problem with USDT. USDT is an old stable coin and is used on all exchanges nowadays so I recommend USDT if you are looking for stable coin.

BUSD is also good stable coin but it only works well on Binance and BSC chain, it is not as popular as USDT.

For stable coins investing I think better with BUSD than USDT and worry with USDT will be the next UST have drop and not function as stable coin. But invested on stable coins not return higher profit although ten year later holding, better if try invest on cryptocurrency not choose stable coin as investment. Have many altcoin can give much profit but keep careful time for investing, have been on dip price or still higher price still good thing need to know before investing on altcoin.

[trendcoin]

...
USDT? BUSD?

My preference would definitely be DAI, but if I had to choose between USDT and BUSD, I would definitely choose BUSD. Actually, they are the same thing, but behind BUSD is Binance, and most importantly, there is a strong character like CZ. Don't keep more in these shits than you can risk though. If you hold more, you are taking a big risk. Remember, centralized systems do not coincide with the idea of decentralized cryptocurrencies.

[waybesuricata]

In the Luna-UST incident, we learned that we need to be more careful with stable coins. That's why I started to be skeptical of all of them. Of course, USDT and BUSD seem more reliable to me. Let's see how the planned regulations will affect stable coins.

[Tellek Garing]

Stable coins are not viable for investment just as the name implies stable means the price is pegged with the USTd or other currencies that have a fixed price.

I will advise you to invest in a good coin that has long-term potential most importantly you can get a utility token that has an exciting ecosystem because that will help the token to sustain value in the long run.

[alisonwonder]

Stable coins are not viable for investment just as the name implies stable means the price is pegged with the USTd or other currencies that have a fixed price.

Stable coins will not provide higher profits than other coins, but stable coins also generate profits when compared to storing real currency, we can do annual stakes to get higher profits than some of the interest from conventional banks.

[$anounimus$]

With so many stable coins out there, it's hard to make a sound decision. But in my opinion, USDT is one of the coins worth looking into. It offers both stability and security--a good recipe for those who want to invest in the future The amount held in reserve is greater than that held by other stable coins. The choice is up to you. You should choose the Stablecoin that best suits your needs for investing.

[Rampagoe004]

To choose stable coins that are safe and easy for us to use in investing, of course USDT and BUSD can indeed be relied on, but for now many investors are using USDT and it is easy to find coins to invest in, although in the last year there was negative information about USDT but all of it was not proven so that until now it is still safe for us to use.

[Farma]

"BUSD is U.S. dollar-backed stablecoin, and it is approved by the New York State Department of Financial Services. Users can purchase BUSD 1-to-1 with the U.S. dollar" My preference is BUSD.

other than that, BUSD is a product of binance, and binance is currently an internationally recognized company, so I think for a stable coin, BUSD is the best. although currently USDT is a stable coin that has a large volume and is the most widely used, but I think BUSD has a clear company, and has been recognized. So, it is the safest. some people would recommend using USDT or DAO. well, it's an option, I think right now all three are almost in the same position. but, personally, I would choose BUSD.

[awik p]

To choose stable coins that are safe and easy for us to use in investing, of course USDT and BUSD can indeed be relied on, but for now many investors are using USDT and it is easy to find coins to invest in, although in the last year there was negative information about USDT but all of it was not proven so that until now it is still safe for us to use.

actually usdt is more flexible for various exchanges, especially if you look at its volume, usdt is a top-tier stable coin, even though there is some negative news about it, but that problem can be resolved so it doesn't have a negative impact, and until now it has been proven that usdt is still a favorite choice stable coin. but we also can't underestimate busd, because busd is on the auspices of the largest exchange that has no doubt about its strength

[rugrats]

For stable coins investing I think better with BUSD than USDT and worry with USDT will be the next UST have drop and not function as stable coin. But invested on stable coins not return higher profit although ten year later holding, better if try invest on cryptocurrency not choose stable coin as investment. Have many altcoin can give much profit but keep careful time for investing, have been on dip price or still higher price still good thing need to know before investing on altcoin.

No one invests in stable coin, i think OP is looking for a safe stable coin to hold, prepare for his future investment is not an investment in stable coin, as it is clearly not profitable for anyone. In my view, using stable coins we can keep any coin we want. BUSD is great but it's not as popular as USDT so depending on the exchange OP is using, if it supports BUSD its better to use BUSD instead of USDT.

[Mosharafhh]

If you talk about most stable coin i will suggest you to hold your token in usdc there is no chance of peg your token and price down and on the other hand you can hold it on busd because its backed by binance so its also most stable in my opinion!!

[Godday]

I think stable coins have no difference with FIAT currencies.  I mean if you really want to avoid the risk of price volatility I suggest you can try investing in gold or other forms of investment instruments.  If you invest in stable coins I don't think it's a good choice for your crypto assets.  You are better off trying to invest in some coins and tokens that already have strong and reliable fundamentals.

[firmino10]

when it comes to investment, proper research needs to be done. like investing in stable coins that survive the bearish market? the level of transparency and the volume of investment?. in the level of transparency, BUSD is greater than USDT. in a high volume of investment in cryptocurrency, USDT  is preferable. just make your research.

[Tellek Garing]

Stable coins are not viable for investment just as the name implies stable means the price is pegged with the USTd or other currencies that have a fixed price.

Stable coins will not provide higher profits than other coins, but stable coins also generate profits when compared to storing real currency, we can do annual stakes to get higher profits than some of the interest from conventional banks.

I agree with you on this one stable coin can be used to carry out so many profits generating services, such as staking farming and the rest of other investments.

But if one is looking for just buying and holding for the long term without putting it into profits generating contract the profit that stable coins will give will be minimal compared to other coins.

[TopT3ns]

I don't think there are stable coins that are safe anymore, all of them have very terrible risks, seeing some cases that happened to UST makes everyone worried about putting their assets in stable coins because they can collapse instantly when there are some problems in it. for a while maybe USDT is still pretty good, but you have to remember to do it at your own risk.

[detroitlions]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

If you want to store assets safely for a long period of time then USDT and BUSD can be relied on, because the stable coin has been relied on for a long time and until now it is still safe for us to use, but if you want to use DAI I think you can also try because the stable coin is also very suitable for us to store for a long time, And you already have a guarantee to stay awake.

[Piesel]

Just buy Ustd since you said you want to use it to buy when coins prices drop in the future since Used is pegged with the United States dollars. But I will advise you to make good use of the market volatility in the sense that you make more profits from your money rather than just holding a stable coin that will not give and increase. Hold Bitcoin that is the only sure way to. make good profits in the long run since your motive is an investment.

[taylankapan]

The base APY in the YOP project represents the income generated from the base strategies by investing in various DeFi protocols. Isn't that cool?

[LUCKMCFLY]

I don't think there are stable coins that are safe anymore, all of them have very terrible risks, seeing some cases that happened to UST makes everyone worried about putting their assets in stable coins because they can collapse instantly when there are some problems in it. for a while maybe USDT is still pretty good, but you have to remember to do it at your own risk.

I agree with your opinion, for me USDT is somewhat reliable, although I have heard a lot about BUSD, because mostly people like it for operating with that stablecoin and it does not carry any associated fee, but I have seen that USDT is much more commercial and although all stablecoins represent money and are very useful especially to move to any part of the world, this is intrinsically a business or business model that many people already have, remittances are more reliable to send them by usdt, the few people who know about They use USDT with more confidence than any other crypto to avoid the risk of a crypto losing value, I think that from that point of view you can get a plus.