Which stablecoin do you "trust" the most?

[Bitcoin_Arena]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

[jossiel]

Despite USDT having the highest volume. My personal opinion on this, is BUSD and USDC. This is my choice for those centralized stable coins and for the decentralized option, it will be DAI.

It's first time to hear DEI and I thought you mistyped it but after looking at the history of it, yeah, it's already depegged and dropped from the typical pricing of a stable coin which is $0.99 - $1.

The reason for choosing those centralized stable coins is I think these companies that backs it are still strong IMO.

[Kavelj22]

No guarantees can ever be found as to whether any of those called stable cryptocurrencies have a reserve balance.
All that can be trusted is the central administration that is behind that project. And even this is not a 100% reliable source when we remember what happened with the Bitfinex platform, which is the first developer of this type of currency when it was discovered that it was not backed by sufficient reserves of the dollar.

[keyscore44]

When it comes to keeping your funds long term, I feel that the safest is to hold crypto in USDC. When it comes to transfers and trades in general on exchanges or with other people, I usually use USDT, sometimes also BUSD. It all depends on the situation, but USDC is the safest in my opinion.

[cabron]

The ones that is backed by real USD are said to be GUSD which their USD are held in FDIC-insured bank account and USDC is backed by cash and short-term U.S. government bonds as collateral. The others I guess are not known to have backed and/or audited. But everybody claims to have USD.

ref:  
https://www.coindesk.com/learn/crypto/gemini-dollar/
https://www.forbes.com/advisor/investing/cryptocurrency/usd-coin/


The one that I'm worrying of de pegging is USDT and if you holding it or staking on DEFI, youre in bad position.  Worse frozen because USDT is centralized and this freezing event already happened before.

[xSkylarx]

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

Most of my stablecoin is on BUSD. USDC is also good option but I prefer BUSD since I always trade on their exchange, and also they have many trading pairs for their own stablecoin so I don't have to worry converting it from one stablecoin to another. Binance is currently the most reputable exchange and they have a lot of funds to support their stablecoin. Depegging BUSD won't happen that easily as it is backed by a real entity unlike what happen in UST and LUNA.

[keyscore44]

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

Most of my stablecoin is on BUSD. USDC is also good option but I prefer BUSD since I always trade on their exchange, and also they have many trading pairs for their own stablecoin so I don't have to worry converting it from one stablecoin to another. Binance is currently the most reputable exchange and they have a lot of funds to support their stablecoin. Depegging BUSD won't happen that easily as it is backed by a real entity unlike what happen in UST and LUNA.

If you have such a good opinion about Binance exchange and BUSD, then you probably haven't read the news and have not heard about their problems with money laundering and drug purchases on the Darknet for cryptocurrencies from Binance. Of course, it's possible that nothing bad will happen, but holding funds in BUSD is the worst thing to do at the moment.

[blue Snow]

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

We live in cyberspace (internet) where we can't see directly the pegged money (dollar). For now, only the truth or tokens already listed for many years we have to believe even we still don't know what happen next [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets. As I look in coinmarketcap, where USDT (tether) is still in Top after Ethereum, I think we have to believe this stable dollar is very stable for many years which have to believe that (volume). So even though the fee is very higher than another token (BUSD), I think I will choose a tether for comfortable.

[Dave1]

I still have some USDT in my wallet, it's not that big though, probably less than $500, just put there just in 'case' scenario.

But for sure majority of us doesn't trust Tether as well because of its dubious management. But so far, there is no rug pull yet and they have been in the market for like 5 or more years if I'm not mistaken. We all are aware of the Luna debacle and for sure one of this day I might withdraw it.

[DapanasFruit]

I heard many valid concerns on USDT and it can be rooted on the lack of transparency from the organization behind it but I think they have already learned their lessons and I guess they are more open now compared in the past. Personally speaking, I am still trusting USDT more than any other stablecoin plus the fact that it is the most used one by a lot of people and transactions everyday. I am expecting that Tether will even be more transparent, agile and resilient in the face of the market upheavals as a result of the Terra's UST collapse.

[Paul Pogba]

I've been using USDT and BUSD for almost 3 years, and until now I haven't encountered any problems, especially if USDT on the TRON network is proven to be more stable and shipping costs are cheaper than others, the presence of stable coins makes us calmer when we want to lock assets.

[mindrust]

None. They are all the same crap. Maybe some of them is a better than the other but in the end it is impossible to fully audit their reserves and that makes them a no no.

We also have seen the danger of using a algo based stable coin with Terra Luna so decentralization isn’t a solution here neither.

It is quite sad that we can’t function without these stable coins anymore and it is because banks mostly don’t do business with the crypto exchanges.

[Dr.Osh]

Well, I think in every coin stable, there will be some downsides, so I think each coin has its own issues, and personally, I don't believe in that. however, for usage, and temporary storage, I always use BUSD. well, the reason is that BUSD is supported by CZ who is currently one of the leading crypto developers who is always in the public spotlight. this made me think that if something went wrong with BUSD it would be very easy to find their team and hold them accountable. after all, they have quite a number of offices in several countries.

[Ahli38]

I myself chose BUSD and USDC. Because these two stablecoins are audited regularly. Like Binance USD (BUSD) which is audited by the firm every month to make sure the money in the bank is the same as the BUSD in circulation. Meanwhile, USD Coin (USDC) follows United States regulations and cooperates with banks and auditors to be audited every month.

For USDT, I think the risk is still high because USDT is less transparent in terms of audit, regulation and underlying storage.

[Jawhead999]

DAI because it's the one stablecoin AFAIK that really decentralized and can't be frozen, unlike other centralized stablecoins even they're have higher marketcap, pairs and trading volume. The reason why many people are convert their coins to stablecoins is they want to protect their capital from volatility especially when the market is down. But using centralized exchanges isn't good idea for long term, you are better off convert to your local fiat.

[Minecache]

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

Most of my stablecoin is on BUSD. USDC is also good option but I prefer BUSD since I always trade on their exchange, and also they have many trading pairs for their own stablecoin so I don't have to worry converting it from one stablecoin to another. Binance is currently the most reputable exchange and they have a lot of funds to support their stablecoin. Depegging BUSD won't happen that easily as it is backed by a real entity unlike what happen in UST and LUNA.

If you have such a good opinion about Binance exchange and BUSD, then you probably haven't read the news and have not heard about their problems with money laundering and drug purchases on the Darknet for cryptocurrencies from Binance. Of course, it's possible that nothing bad will happen, but holding funds in BUSD is the worst thing to do at the moment.

Everything is still unclear and nothing can prove that Binance is guilty and the SEC was right. Currently, Binance is still the largest and most trusted centralized exchange, I think there is nothing bad in holding BUSD or BNB even using the exchange at this time. If the binance exchange is charged and destroyed it will be a hundred times worse than the crash caused by Luna so don't expect this it's just FUD out of hundreds of other FUDs

[Coin_trader]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

BUSD is the most trusted stable coins base on my preference because I like how CZ protect his own business in times of attack and crisis on his project. He even has an insurance fund to cover the losses of the user in case there's a problem arises just like what happened to UST. Binance is the number crypto exchange so I doubt that its BUSD will supper depegged way below 1USD since it has a lot of reserved funds to backed its value and maintain it pegged to 1USD. But still, we should spread our investment in different stablecoins so that our money is protected once any of them suffer terrible losses. We are still in crypto which everything is possible if the CEO becomes greedy.

[crwth]

I think the background of USDC and BUSD is quite favorable when comparing them to the largest stable coin, USDT. The regulation of it and how they have been founded and being regulated is a comforting way that they do it with due diligence, and they are up to speed when being audited or something. Those two are the most favorable stable coins at the moment.

[el kaka22]

DAI is decentralized which still creates another problem. What we see in a decentralized one is the fact that it is managed in a "system", so if someone brokes in there, suddenly it could be "hacked" or whatever it would be called and however it is done, and it could crash.

When there is someone there, like a centralized stablecoin then we are talking about those people not being trustworthy, like I do not trust Tether for example, when it's DAI and decentralized, I do not believe that it could be kept there and there is no one protecting it. So, both of them feels a bit bad, I never really trust anything that says "we worth x much" and stable, that just doesn't make sense in crypto for me.

[Xal0lex]

USDC in centralized finance and DAI in decentralized finance. In my opinion, these are now the least susceptible to the loss of dollar pegs of all the stablecoins. It is possible that this is what has influenced the outflow of funds from USDT and the influx of funds into USDC. DAI was the best performer in the stablecoin market during May's turmoil. The most unreliable stablecoins at the moment are the algorithmic ones. Until there is a time-tested security mechanism for these coins, it is definitely not worth considering this asset for the long term.

[goaldigger]

I think the background of USDC and BUSD is quite favorable when comparing them to the largest stable coin, USDT. The regulation of it and how they have been founded and being regulated is a comforting way that they do it with due diligence, and they are up to speed when being audited or something. Those two are the most favorable stable coins at the moment.

This two is one of the best option that we have, though I used BUSD mostly since I do trading on Binance and I find it more secured. I just don’t know the effect for BUSD the current issues of Binance especially with SEC, I think it’s better for me to convert this into USDC for now. The case of UST creates so much questions about the stablecoin, are they really safe? Well, time can tell and to be more safe better to have a plan if there’s a drops with stablecoins again.

[TopT3ns]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

To be honest, after the UST case I was afraid to believe in stable coins, it's just that until now I still use USDT to store my assets even though I don't trust anything but until now it still provides comfort and security when trading using USDT so it's not a problem for me, hopefully USDT is not like UST. USDT is still stable so far because it may have very strong support, if you look at the supply chain that it has very much and can be added, so be careful when storing assets in USDT.

[TimeTeller]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

To be honest, after the UST case I was afraid to believe in stable coins, it's just that until now I still use USDT to store my assets even though I don't trust anything but until now it still provides comfort and security when trading using USDT so it's not a problem for me, hopefully USDT is not like UST. USDT is still stable so far because it may have very strong support, if you look at the supply chain that it has very much and can be added, so be careful when storing assets in USDT.

We can never tell their future to be honest.
Right now, a lot of people are trusting USDT, but don't get too confident.
Because at one point, USDT team admitted they had no 100% backing.
So we don't know the ultimate truth about their assets at the moment.
Just don't put all your funds in USDT or any other stablecoin, diversify as everyone is suggesting.

[sakil200]

Two popular stable coins have lost their fixed value USDD / USDN
What could be a bigger effect in the market is what you say

[Bitcoin_Arena]

Worse frozen because USDT is centralized and this freezing event already happened before.

But even the likes of GUSD, BUSD and USDC can be frozen even in your very own address. I think the only one that is less likely to be frozen at the moment is DAI, but who knows what the developers might think in the future.

[MadeMen]

Most stable coin are backed by centralised bodies and that implies that they're not 100% safe and anything could go wrong with them just like they did to UST and the rest. But I'll prefer holding USDT and busd due to their market capitalisation and sustainability. I recall USDT should be around the top 10 in the coin market and that's a good indicator for me.

[breathlessz]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

To be honest, after the UST case I was afraid to believe in stable coins, it's just that until now I still use USDT to store my assets even though I don't trust anything but until now it still provides comfort and security when trading using USDT so it's not a problem for me, hopefully USDT is not like UST. USDT is still stable so far because it may have very strong support, if you look at the supply chain that it has very much and can be added, so be careful when storing assets in USDT.

We can never tell their future to be honest.
Right now, a lot of people are trusting USDT, but don't get too confident.
Because at one point, USDT team admitted they had no 100% backing.
So we don't know the ultimate truth about their assets at the moment.
Just don't put all your funds in USDT or any other stablecoin, diversify as everyone is suggesting.

besides usdt, i think busd can be an alternative choice for stable coin diversification. we know busd is a coin from a well-known exchange, and the largest today, and its credibility has been tested to date. therefore to avoid cases like ust, dividing into several stable coins is really necessary considering we can't know what will happen next, because ust cases are like storms that come quickly

[MAAManda]

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

After the recent shocking events with algorithmic stablecoins like UST, I think people are starting to think about buying only 1:1 FIAT backed stablecoins like BUSD or USDC. There's nothing better than holding a stablecoin that's clear right now, although some new algorithmic stablecoins are popping up like USDD (Decentralize Stablecoin), I'd stick with just buying and holding BUSD or USDC.

[Retainly_Collie]

I think there should be no problem using USDT and USDC as they both have other equivalent collateral and operate unlike the stablecoin dependent coins the OP mentioned. However, I have also seen the effects before where prices do not correspond to the USD value. Honestly, I have never felt worried even after witnessing many recent incidents. Perhaps, the recent damage case helps us understand the true nature of the USD in this space rather than as an ordinary instrument of exchange.

[tvplus006]

...Which stablecoin do you feel so comfortable using, without having any worry of depegging?

After the algorithmic stablecoins UST, DIE, USDN and USDD have lost their binding to the USD, I have no desire to keep my savings in this kind of stablecoins. The vulnerability of this stablecoin lies in the fact that in the case of a dump of the main coin supporting the stablecoin, as a rule, the whole system collapses, as we saw with the UST stablecoin.

[Blowon]

I think the UST incident is enough to prove that as long as a cryptocurrency is stable, it doesn't mean it's safe from attacks. Some coins that are still not proven safe like UST like UST, or backups whose news is still not fully backed up in USD like USDT, it will not be easy to trust. I now only believe in BUSD, at least they have the world's largest exchange ready to be a backup that people already know about.

[bestcoins1]

Most stable coin are backed by centralised bodies and that implies that they're not 100% safe and anything could go wrong with them just like they did to UST and the rest. But I'll prefer holding USDT and busd due to their market capitalisation and sustainability. I recall USDT should be around the top 10 in the coin market and that's a good indicator for me.

As for USDT, I still strongly believe because USDT is very often in the top 5 as a stable coin and also has many pairs with altcoins on the exchange so choosing USDT for one stable coin model is actually quite enough, but now because there is a lot of support and altcoin pairs also with BUSD, thus making some people also choose BUSD after choosing USDT. And that is good because they both have a good market capitalization.

[Iyeman]

Definitely Binance USD since it was quite literally backed by binance and we all know how famous binance is that I doubt they gonna do anything silly to make this fall like UST and since it's not an algorithmic unlike UST I guess its not gonna ended up having the same fate.
But honestly, USDT, USDC, and Binance USD is all the same, if your holding or investment isn't that big its not gonna make any significant difference.

[dimonstration]

Why not hold digital fiat if you guys is scared on losing the pegged of stablecoins available in the crypto. The purposed of buying stablecoins is just for holding to avoid lose during bear market season. There exchange offering Fiat in like Kraken that has EUR and P2P trading to convert asset on your respective fiat.

Why not save the worries on all available stablecoin and back to the basic and hold fiat while everything in crypto is very risky?  

[COINAMITE]

I would most definitely go for USDT. That's the one i find more " trusted "

[Morningstarr]

I think USDD is the best option right now for a stable coin because they have a large reserve.
Tron has a big market cap and that is brand.

[nicedreams]

I rather not trust any stablecoin and keep them at a low percentage in my bag if I can. I rather keep most of my money in fiat. It's not really that hard to get your fiat back to stablecoins. Maybe you won't be ready as the others but you lower the chance of burst since no one knows what might happen for stablecoins when everyone is so fearful and the market is bearish.

[wxa7115]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

Unfortunately this is a worry that should always be on the minds of the people, stable coins have the same weakness that paper money backed by gold had, which is that at some point those which are behind the currency can decide to stop backing their coins with gold or USD.

It is because of this that stable coins must not be held for the long term, and at the first sign that something is wrong then you need to either buy bitcoin or exit the market for the time being and get fiat instead.

[DoublerHunter]

I rather not trust any stablecoin and keep them at a low percentage in my bag if I can. I rather keep most of my money in fiat. It's not really that hard to get your fiat back to stablecoins. Maybe you won't be ready as the others but you lower the chance of burst since no one knows what might happen for stablecoins when everyone is so fearful and the market is bearish.

^ All stable coins should not be trusted when it comes in holding long term, they are not worth it on it. The same story on USDT which have a not good background. Trust no one except BTC itself not on the stable coins.
There is no really stable coin that backed or pegged by the fiat, since cryptocurrency and government are not friendly yet. However, USDT is only good for diverting asset not supposedly trusted in holding for a long period of time.

[laurenB7742]

I used Tether, but nowadays I started to use BUSD due to the high supply of USDT. I don't know what is the actual supply of USDT and how many coins are circulating over the blockchain.

For me BUSD is more transperant than USDT,

Though I use BUSD I don't suggest anyone hold this coin for a long time. You can use a stable coin to avoid unexpected dumps when you plan to liquidate your coin near future, otherwise, it is not wise to convert all of your investment to a stable coin.

[Desmong]

The crypto market is unpredictable these days and any thing can happen anytime so we should be prepared and ready to invest what we know we can afford to lose. I was very surprised to see what happens to Luna crashing drastically without any signal for us to sell our holdings. No place is safe in the crypto market right now. We need to be aware of the risk and get ready for the worse in case it comes to us.

[TelolettOm]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)

Honestly, I never use these three stable coins. Isn't UST the coin that recently had a terrible crash with LUNA? I thought I would not take the coin. And DEI, I thought at first DAI, but there is DEI. but the price was not $1, around $0.68. I thought that stable coins will be always stable at some certain rate, but UST told everything.

So far I have only focused on using a few stable coins, global ones such as USDT and BUSD. As well as local stable coins such as BIDR.

[Uang_kartal]

you are right, that one event I still remember very well. Among the several coin stables you mentioned I chose Busd. There has been no follow up whether I will analyze and have other coin stables but every now and then I also save DAI just for 1 price of a bowl of morning soup day.

I don't really press busd too much. It's a bit the same but in terms of usability it really helps me for fees, buying and selling or service fees that I need to meet my needs.
although the main coin (its decentralized Binance product) I also keep for the same needs.
no one guarantees when the market is like this, I just keep it just what I have to prepare for anticipation.

[shinratensei_]

definitely BUSD, it's backed by binance after all, and you see even the altcoins project that are being ran by binance or just simply sponsored by binance always turning out to be such a huge success, I guess that definitely includes BUSD that are being backed by binance.
after all you could say that binance is a multi billion dollar company I doubt they gonna do some ridiculous thing towards their BUSD, that's just not gonna happen in the future.

[jeha2015]

definitely BUSD, it's backed by binance after all, and you see even the altcoins project that are being ran by binance or just simply sponsored by binance always turning out to be such a huge success, I guess that definitely includes BUSD that are being backed by binance.
after all you could say that binance is a multi billion dollar company I doubt they gonna do some ridiculous thing towards their BUSD, that's just not gonna happen in the future.

i am believe binance behind this stable coin and as reputable exchanges and smart contract platform we should not worry about BUSD. if compare with USDT , personally i am still believe on BUSD due binance behind on it. compared with another stable coin BUSD still be best of them and so far there is no FUD like USDT.

[inanilujimi]

The stable coin that I'm comfortable holding right now is busd, apart from being owned by big companies like binance which is the biggest exchange today. busd is also pegged based on fiat whose circulation is audited every month to ensure it is the same as that of the bank.

[bussybuddy]

I still prefer USDT in asset conversion and as a tool to see the profits I make while investing in this market. Although I have suffered some FUDs in the past, I never thought there would be enough pressure to put it in danger. Seeing a number of stablecoins collapse recently did not make me feel scared. It is clearly harmful when a major problem in the management of collateral has created a loophole that renders them useless.

[so98nn]

I am slowly switching to the BUSD from USDT. Not that I dont trust one a lot and other a little, but for the reason of segregation and safety of my funds. In the current event it's horrifying to trust single stablecoin in the market because we have seen what happened with the terra and others. This was either from the owners of the coins or this was future of the other stable coins in the nutshell of crypto universe. So it's worth it, to divide our assets and keep using multiple stable coins. If one goes down the sink, then second would be there to help me revive some funds. The crypto is unstable right now and so as to there is fear of stable coins getting hampered a lot. Choose wisely guys!

[robattfield]

For retail crypto investors, they can trade their accounts to stablecoins to avoid the high volatility in the crypto market without switching to fiat. In other words, stablecoins act as a safe haven even when the market is in the early stages or there have been certain fluctuations. The recent crash of some stablecoins makes many people worried about the money they hold, but I also don't think this will happen often, given that some major stablecoins like USDT, USDC, DAI, etc. are still the safe choice after many years. Personally, I find USDC convenient and safe. I never doubted that they would suffer from the FUDs that some other coins suffer from.

[zasad@]

https://www.docdroid.net/zl5YX9G/binance-us-luna-class-action-pdf#page=44
The Binance exchange was sued, this can greatly affect the price of BUSD

USDT is not the most reliable asset
https://bitcointalk.org/index.php?topic=5247581

USDC looks solid, but it is centralized.

DAI is the most honest stablecoin
https://daistats.com/#/

[fuer44]

I used to use usdt even though it's currently decreasing but I don't think it's a drastic drop and can still be called a stable coin. I always use usdt because it just so happens that I am currently still following the nominex farming and staking project which happens to be using the usdt exchange rate and as my final conversion from crypto to conventional currency, and so far I feel comfortable.

[NewRanger]

I still prefer USDT in asset conversion and as a tool to see the profits I make while investing in this market. Although I have suffered some FUDs in the past, I never thought there would be enough pressure to put it in danger. Seeing a number of stablecoins collapse recently did not make me feel scared. It is clearly harmful when a major problem in the management of collateral has created a loophole that renders them useless.

although any fud didnt shake your mental or make you panic, you should stay concern on this issue. Aware and care to anticipate what will going to market with this fud. Today we see structured fud on stable coins to shake   crypto market. I am believe when it happen actually we are in good condition because whales want to get cheap price. As retail investors we should follow their strategy.

[Coin BTC]

I prefer USDC because as far as I know here is the safest place to hold and deposit and this is also very suitable to be done in the long term, for USDT and BUSD I use it more often to trade with other people and make transfers, because I think it will be very safe.

[yazher]

Obviously, no stable coins can be trusted because of the obvious flaws. Still, when we are talking about temporary conversion when the market is congested, I always go for BUSD since for me it's convenient to buy it and to sell it by P2P, another choice might be USDT, and aI think I conclude with these two since I haven't encountered any problem since I'm using it before. When I need to rush to sell my crypto assets, I converted them to BUSD and sell them via p2p and when I'm using other exchanges, I used USDT for my convenience.

[bussybuddy]

I still prefer USDT in asset conversion and as a tool to see the profits I make while investing in this market. Although I have suffered some FUDs in the past, I never thought there would be enough pressure to put it in danger. Seeing a number of stablecoins collapse recently did not make me feel scared. It is clearly harmful when a major problem in the management of collateral has created a loophole that renders them useless.

although any fud didnt shake your mental or make you panic, you should stay concern on this issue. Aware and care to anticipate what will going to market with this fud. Today we see structured fud on stable coins to shake   crypto market. I am believe when it happen actually we are in good condition because whales want to get cheap price. As retail investors we should follow their strategy.

So what stupid thing makes you shake your mind and panic? I don't like to blame a certain product because the problem lies with the user choosing that. We are talking USDT, and as of now it has brought losses to everyone. Don't get too delusional with the mistakes that recent projects have made and equate everything with that. First of all, we can't deny the safety it brings in this space. At least for me, it's wiser and more flexible in its use when it's just a grain of sand on a beach. In the desert, the overall impact of a major incident is not a big deal here.

[Faisal2202]

Many tokens come and go in the crypto market but the most stable coin that i trust is busd because it's foundation is connected with centralized banks which provides me some. Relief that de-pegging of busd seems difficult as usdt is just only increasing supply and I do not think that they have the right backup for there supply, they are just bluffing and busd seems to be more secure to me well lets see what comes next as usdd of tron is also coming in to the market and it is highly backed by the team reserve

[Subbir]

There are many currencies in the crypto market that invest in currencies to make them more profitable but the most reliable of the stablecoins is the USDT I think this currency is much safer. There is no fear of losing this currency and even if the price goes down, its price will not go down stay in the same place.

[Bitcoins101]

USDC is likely the best stablecoin. It is widely used and actually backed by dollars in the bank.

Paxos and BUSD (they're both issued by Paxos) are okay. Paxos is extremely risk averse which can sometimes lead to outcomes that don't benefit the users.

I don't like GUSD because Gemini stole users' forkcoins yet those two little pricks prance around like they're the most noble people on the planet when they're actually thieves.

People say DAI is very safe, but they said the same about UST. I would stick to stablecoins backed by dollars, not equivalent amounts of cryptocurrency.

[bayudndy]

USDC is currently the option that I feel has gained more confidence than the rest. I also heard about Circle announcing Euro Coin, but honestly, after using other stablecoins like USDT and BUSD, I don't think it's too much of a risk to complain as a small trader. Despite seeing recent incidents of many projects losing the ability to support the very things they created, I also suspect many stablecoins today are being overused in this market.

[tvplus006]

At the moment, I completely refused to keep my money in decentralized algorithmic stablecoins, since most of them have lost their binding to the dollar. USDC is more attractive for saving your funds, since this stablecoin is fully backed by the fiat dollar, but at the same time the risk of blocking increases for those who may fall under sanctions, since it is centralized.

[LastKiss]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

Well still USDT and BUSD is the one I feel comfortable with. Although there are a lot of stablecoins, mostly what I used is USDT and BUSD, since BUSD is very strong in this a lot of pressure season it keeps stronger and makes me not worry so much about another deep pegging case. But In my opinion many stablecoin will learn from the UST case tho.

[KaliLinux]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

The issues with stable coins are becoming more worrisome now considering all that has happened recently and is there any stable coin that I think can be actually trusted to be the best with no issue? I guess no, but we still have to use them when the need arises. The question still remains, If these stable coins are actually pegged to the USD, why are they always below $1? As I am typing this, only BUSD and USD Coin are at 1$ others are less and Tron USDD is even $0.96. However, I would say if I have to sell to stable coin it is most likely to be BUSD, USDT.

[danherbias07]

I find myself using BUSD most of the time since I got hooked with NFT games that use BSC as their chain for deposits and withdrawals of coins that are earned.
It's not that I trust it because I don't let it rot for a long time. Once I exchange a specific coin for BUSD and reach the right number for minimum cash out, I then exchange it for something else or cash it out.
IMO, there's no assurance in keeping them, they are just bridges so we can transact faster and identify how much we got in a stable form, not an asset.

[RussianEnglishTranslation]

USDC is likely the US CBDC and will be issued on all chains that will be used by enterprises and banks in the future, namely Polygon, Stellar, XRP, Hedera, and the internet computer.

[virasisog]

I find myself using BUSD most of the time since I got hooked with NFT games that use BSC as their chain for deposits and withdrawals of coins that are earned.
It's not that I trust it because I don't let it rot for a long time. Once I exchange a specific coin for BUSD and reach the right number for minimum cash out, I then exchange it for something else or cash it out.
IMO, there's no assurance in keeping them, they are just bridges so we can transact faster and identify how much we got in a stable form, not an asset.

I'm also more comfortable transacting using BUSD. Since I prefer Binance network, I find BUSD the best pick whenever I have to cash out my funds for lower fees and faster transactions. Yes, they're bridges and all of them function well but we can choose a good stable coin that we're comfortable using.

[Tony116]

My preference would be centralized stablecoin over algorithmic stablecoin. I am still using USDT for my day job, however, I anticipate switching to USDC soon. With the UST losing its peg, USDT has also been affected a lot plus the transparency of USDT is unclear and USDC is being talked about more because it is 100% backed by USD. It is only a matter of time before USDC completely replaces USDT.

[GbitG]

After UST de-pug I am sensitive about stable coin because it hit me badly . Now i mostly believe on USDC and BUSD because these coins are the one who hold their price 1$  and if you observe the USDT it's also can't hold their price . Most of the time USDT goes down like 0.98$ , 0.95$ and so on.
So if you want to convert your balance to stable coin I will suggest you BUSD and USDC because they can save us  from los

[smartaction]

Normally i use USDT Because it helps me to convert fiat money very easily. I can easily sell USDT on binance p2P at a high price with fiat money. that's why i use USDT and i trade others token/coin with USDT pair. But When the point comes to holding a high amount, then I choose BUSD. i think BUSD is more safe. And it keeps me calm

[blue_hurricanger]

Same as BTC which was the first crypto, USDT for the first stable coin in the market to be trusted. That creed is enough to migrate a lot of risks when the market is under high volatility and people look up to stable coins that still exist after the market has been through like that.

[RealMalatesta]

USDC is currently the option that I feel has gained more confidence than the rest. I also heard about Circle announcing Euro Coin, but honestly, after using other stablecoins like USDT and BUSD, I don't think it's too much of a risk to complain as a small trader. Despite seeing recent incidents of many projects losing the ability to support the very things they created, I also suspect many stablecoins today are being overused in this market.

USDC got a bit more attention because of two main reasons. One of them is the fact that Luna dropped so there are a lot of people who are not trusting stablecoins all that much, and fear what if the same thing happens to other ones as well, not the same method of course because USDT, USDC, BUSD are not algo stablecoins, but still a risk.

Second reason is that USA is a big nation with a ton of money, and USDC is made by the biggest (and even listed on Nasdaq) crypto company in the world, that creates a trust and since UST caused people to lose trust, finding the place that you can trust created a good reason for people to pick that one over the others.

[hashrateproducts]

USDT Tether is one trusted stable coin I have known for the past years since joining the space. Traders use stable coin as a form or medium of espcade whenever they experience crash of the market. For me, anytime any coin I bagged start to dip, I usually convert all to USDT stable coin and wait for the coin to dip to it's ATL before using my USDT or tether to bagged the coin back. It's just a simple basis in Crypto which most newbies and sometimes experience traders don't know about.

[EmmaGod]

If I'm to chose between the stable coins in the market, I'll go with USDT. It's actually a personal decision owing to the fact that I consider it a good store of value and its widely accepted on traded on virtually every cryptocurrency exchange. I would rather leave my assets in stable coin this period.

[TheGreatPython]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

Just what I thought. After researching the two coins ( usdn and dai) I found out that they are similar to ust in which they are also algorithm based and that would be the main reason on why those coins fell down as well but if you are an investor of those coins and you found out what happened to ust then you shouldn't wait any longer because your coins can probably end up on the same path as ust.

I don't know if there are more algorithmic based stable coins but they are likely going to suffer the same, maybe not now but it can happen in the future but for the stable coins which are still safe, they could be usdt, usdc, busd and dai. People should't worry on them.

[isaac_clarke22]

If I'm to chose between the stable coins in the market, I'll go with USDT. It's actually a personal decision owing to the fact that I consider it a good store of value and its widely accepted on traded on virtually every cryptocurrency exchange. I would rather leave my assets in stable coin this period.

It's usually what everyone would choose since it is in the top coins in CMC anyway, but in large amounts I would choose DAI if I would ever hold one since I read before in some threads in here that stablecoins are being able to frozen and with that, I don't want that to happen in my own coins so yeah. In smaller amounts like if I was actively trading, I would go for USDT

[albon]

At the moment, I completely refused to keep my money in decentralized algorithmic stablecoins, since most of them have lost their binding to the dollar. USDC is more attractive for saving your funds, since this stablecoin is fully backed by the fiat dollar, but at the same time the risk of blocking increases for those who may fall under sanctions, since it is centralized.

Stable coins are a very important dude in light of price fluctuations in the crypto market, so freezing your money is the definitive solution to not lose it, Do not worry, these stable coins have proven their worth for many years and are central in the opinion that there is no problem in that, as there is no specific party that has banned them or punished their officials to this day, I have been holding USDT and USDC for years and I have not found anything that caused my money to be lost.

[Oilacris]

At the moment, I completely refused to keep my money in decentralized algorithmic stablecoins, since most of them have lost their binding to the dollar. USDC is more attractive for saving your funds, since this stablecoin is fully backed by the fiat dollar, but at the same time the risk of blocking increases for those who may fall under sanctions, since it is centralized.

Stable coins are a very important dude in light of price fluctuations in the crypto market, so freezing your money is the definitive solution to not lose it, Do not worry, these stable coins have proven their worth for many years and are central in the opinion that there is no problem in that, as there is no specific party that has banned them or punished their officials to this day, I have been holding USDT and USDC for years and I have not found anything that caused my money to be lost.

Even do have lots of criticisms out of these stable coins but i do still make use of USDT on securing out my profits or saving out myself in volatile market where uneasiness and non sure situations which ive been doing these things

through couple of years already.Im not really into those technical and regulation or something in relate with those situations or issues but one thing i do need is to have that benefit
whenever i do face up certain conditions in the market or some conversions which i do need for me to able on making up some switching.

[Joshapat]

2 stable coins that I always use are USDC and USDT, and the accuracy of the 2 coins in my opinion is the best compared to the others, the presence of the coin stable is very good and helps us to lock the assets so as not to drop, usually I immediately divert assets to the stable coin if The assets that I hold drop are more than 5%.

[tvplus006]

...People say DAI is very safe, but they said the same about UST. I would stick to stablecoins backed by dollars, not equivalent amounts of cryptocurrency.

Despite the fact that DAI and UST are decentralized stablecoins, there is a big difference between them in providing a peg to the dollar. In addition, UST stablecoin is not only decentralized, it is also an algorithmic stablecoin and therefore differs from DAI stablecoin, which is secured by 150% in ETH.

[gunhell16]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

 Well frankly to say I am very much comfortable with Usdc, and Usdt, they may dropped their price value a little bit, still have not to worry about it. Actually, if you're gonna look the movement of usdt and busd are always closed to each other in terms of the price in the market.

[Rupok]

Most likely when the market situation starts to dump people find trustworthy stable coins so as not to lose much of their money.So now everyone depends on the market position most invest in USD.The USD is currently such option that I think has gained more confidence than the rest.Many stablecoins are being overused in this market.The BUSD coin also seems quite stable to me and this coin is also very reliable.Because I always trade for them.So I always select USD and BUSD for use and to keep my coin safe.

[saint_casanova]

BUSD for me since the Binance exchange has been transparent and thorough enough in their way to deal with crypto business. This of course doesn't mean all my stable coins were in BUSD, just split between both USDT and BUSD for a lower risk.

[SistaFista]

There are stable coins in the market, but i prefer to use BUSD, stable USD pegged coin in Binance Smart Chain.
One of the reason i usually use BUSD is the transaction fee, BSC fee is not too expensive if we compare with other blockchains.
Speak of stable coin, i just remember UST from LUNA now, which is very strange because UST has become failed stable coin.

[Rasa nanas]

if I see from the UST incident it seems that there is no stablecoin that is completely free from that problem because in crypto anything can happen. but personally out of all the stable coins I prefer USDT because the daily exchange USDT is way above other stable coins like USDC or BUSD. it means that USDT has the most users when compared to other stable coins and it also means that holding USDT has the least risk.

[WeedGoW]

if I see from the UST incident it seems that there is no stablecoin that is completely free from that problem because in crypto anything can happen. but personally out of all the stable coins I prefer USDT because the daily exchange USDT is way above other stable coins like USDC or BUSD. it means that USDT has the most users when compared to other stable coins and it also means that holding USDT has the least risk.

USDT not only has the most users but also has more USD to backup at least pump in the market to keep its rate. Although some people would argue that USDT doesn't disclose its number clearly and that seems like a red flag. Not to mention cases where USDT got in the count for dishonesty in their numbers. Because of that, yes, you shouldn't have only one stablecoin but split between 2-3 different stablecoins.

[dlightag]

As it stated early, is very bad to see stable coin to Run Pull by taken many investors saving funds, before the what happened to UST Stable coin and I still prefer using USDT

[TopT3ns]

if I see from the UST incident it seems that there is no stablecoin that is completely free from that problem because in crypto anything can happen. but personally out of all the stable coins I prefer USDT because the daily exchange USDT is way above other stable coins like USDC or BUSD. it means that USDT has the most users when compared to other stable coins and it also means that holding USDT has the least risk.

USDT not only has the most users but also has more USD to backup at least pump in the market to keep its rate. Although some people would argue that USDT doesn't disclose its number clearly and that seems like a red flag. Not to mention cases where USDT got in the count for dishonesty in their numbers. Because of that, yes, you shouldn't have only one stablecoin but split between 2-3 different stablecoins.

I think USDT has a large supply of coins and should be a threat to bitcoin price movements because it can make the price collapse instantly and make a lot of people lose money, it's just that at this time USDT still doesn't dare to do that so it's still relatively safe, and must be considered that all coins in cryptocurrency have a very high risk including this one.

[Bitcoin_Arena]

Just what I thought. After researching the two coins ( usdn and dai) I found out that they are similar to ust in which they are also algorithm based and that would be the main reason on why those coins fell down

I don't know if you know about DAI, but there is a difference between DAI and DEI. DAI is great and it has been there for  a few years. DAI is the only "fully decentralized" stablecoin  know as of now

People say DAI is very safe, but they said the same about UST. I would stick to stablecoins backed by dollars, not equivalent amounts of cryptocurrency.

Did you actually mean DAI or DEI?  

[MFahad]

I think everybody knows what happened in the last 2 months. A couple of stablecoin or even more crashed. I know at least 3 that depegged from the US Dollar (UST, USDN and DEI)
This caused a lot of tension on which stablecoin would be the next to depeg. At one point, USDT was under a lot of pressure, and its price even slight dropped as people were rushing to buy USDC and BUSD. Which brings me to the question

Which stablecoin do you feel so comfortable using, without having any worry of depegging?

I am using Usdt for many trading pairs because most of the pairs are just available in Usdt but I think Usdt is not secure at all.
Busd,Usdc is best secure coins for me and I am holding these coins. Dai is also secure but I am not holding this.
Other stable coins are not secure and I have not Buy these stable coins ever.

[bitzizzix]

Personally, USDT is very safe and secure for keeping money in crypto, as it is an embedded stablecoin priced at $1 so it is perfectly balanced even though the price sometimes fluctuates by almost no percentage but it is still very stable.
and USDT is still the most secure and top stablecoin in the crypto market as well as the most popular, and I still trust USDT so far and haven't had any issues as long as I've used it.

[Shasha80]

Personally, USDT is very safe and secure for keeping money in crypto, as it is an embedded stablecoin priced at $1 so it is perfectly balanced even though the price sometimes fluctuates by almost no percentage but it is still very stable.
and USDT is still the most secure and top stablecoin in the crypto market as well as the most popular, and I still trust USDT so far and haven't had any issues as long as I've used it.

Stablecoins are needed to avoid the volatile crypto market, besides that stablecoins are also often used to store profits from crypto trading.
So it's not surprising that almost all crypto users need stablecoins, the problem is that there are so many stablecoins circulating today,
so we have to choose a really trusted stablecoin. Don't let us choose the wrong stablecoin and make us lose money. So far of all the stablecoins
in circulation, I trust USDT as much as you do. Apart from that I have been using USDT for a long time and have never had a serious problem.
USDT is also always at the top of the rankings compared to other stablecoins. This means that USDT is the most popular and trusted by many people.
So I can say that USDT is the most I recommend compared to other stablecoins.

[Ahli38]

To this day I still trust BUSD as the choice for the stablecoin I trust the most. Maybe because of my need factor which is also comfortable in trading binance on the Busd section. But other than that because of the speed in the transaction that makes me comfortable. and until today we see the price is really stable. and maybe because I'm a binance user so I use BUSD a lot.

And the reason that makes me feel safe and I can say reliable is because Binance USD (BUSD) is always audited by the firm every month to make sure the money in the bank is the same as the BUSD in circulation.

[MarcoReus11]

Most people in crypto use Tether(USDT) and Binance(USD) to hold their assets and save at Bearish Market in other words these stable coins are used to maintain a fixed price regardless of pump & dump. I personally used Tether(USDT) due to the most valuable cryptocurrency in terms of Market Capitalization as well as the oldest stable coin in the crypto markets. There are many other stable coins like Terra Luna, USD Coin, and DAI Coin, but favor is always with Tether(USDT)

Tether(USDT):
Tether(USDT) is the fourth most valuable cryptocurrency in terms of market capitalization & the most stable cryptocurrencies. It was first introduced in 2014. It largest cryptocurrency after Bitcoin & Ethereum.

[serjent05]

After knowing that USDC have a certificate of audit, it one of the stablecoin that I trust the most.  It is good to know that USDC is annually audited since it was created.

The USDC reserve has been audited annually since launch

An audit is an assurance engagement that verifies the accuracy of financial statements and is typically performed annually by a public accounting firm.

source: How to Build Trust – USDC Audits and Attestations


But I don't mind moving and converting my crypto to any kind of stablecoin when I am about to cash them out or move between casinos and exchanges.

[reza7777]

Initially I was comfortable using USDT but after a lot of issues and lack of transparency I switched to BUSD and sometimes I use USDC, if USDT was more transparent about auditing I think it would be better

[martyns]

Initially I was comfortable using USDT but after a lot of issues and lack of transparency I switched to BUSD and sometimes I use USDC, if USDT was more transparent about auditing I think it would be better

USDC is one of the most familiar stable coin in the space,  and I bet USDC will always be use to swap coins. USDC is equivalent to the dollar rate and works with the stocks market. BUSD is also a stable coin that's mostly used by these Crypto exchanges, but i prefer USDC to BUSD because USDC is serving as the general stable which we used to pay off transactions fees. As for USDT, although it serves also as USDC but with a quite difference.

[Rigon]

As a stable coin I prefer USDT and BUSD.I use BUSD in most cases. This is because I use their exchange binance.I also use USDT and convert my other coins to USDT.But to me, trust and reliance is what makes BUSD the best.BUSD It has a lot of strong capabilities to support it as it is the binance exchange's own. However, it is not likely to be depegging.

[amihada]

From the past until now, I believe in stablecoin tether USD, apart from tether USD, I can't guarantee to hold a stable coin, you may agree with me or you may not agree with me.

[LUCKMCFLY]

If I'm to chose between the stable coins in the market, I'll go with USDT. It's actually a personal decision owing to the fact that I consider it a good store of value and its widely accepted on traded on virtually every cryptocurrency exchange. I would rather leave my assets in stable coin this period.

I also think that this is a very good currency, even though it is not completely fiat but is also backed by crypto it is a good option, in fact I have already said before in other threads that in my country it is treated as a much better currency than the local one, and best of all, it can speed up transactions that are very large and that require many authorizations, in fact the speed that these transactions take place is very accepted by people and in some remittances and many prefer send them through USDT than through a Western Union or some type of similar exchange.