Which stablecoin do you "trust" the most?

[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.

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[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.