What is the most trusted stable coin currently (in your opinion)?

[Xal0lex]

If we're talking about the stablecoins that are best at resisting de-peg, they are DAI and TUSD. The other stablcoins on this list are more susceptible to de-peg in moments of market volatility. We can also say about USDT and USDC centralized stablecoins that they are the most regulated and subject to various sanctions and blocking. So it is very dangerous to use only these stablecoins, diversification is necessary, but never use algorithmic stablecoins, they are extremely imperfect and very volatile in times of market volatility.

[gabbie2010]

1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD

These stablecoins seem very credible to me.  And I use them constantly.  Especially BUSD & USDT I mostly use for trading purpose and other work. And Coinmarketcap and other trucking sites price truck as rate of USDT. On the other hand USDT is very popular in p2p trading and most people use USDT for P2P.

I don't bother to know which stable coin is trusted and legitimate, however I have been a user of USDT for a very long time without any issue being the most stable coin which I used in Binance P2P transactions and I also used it to trade crypto/USDT pairs, I am sure other stable coins are reliable and trusted too, but my preference for USDT is second to none because I am used to hodling my coins with it, I believe every crypto users have their choice and preference for each of the stable coins mentioned by the OP

[ije07]

Well, with regular audits and definite regulations that exist on BUSD and USDC, the most trusted and low-risk stablecoins are these 2 coins so they are still very safe when we want to secure some altcoin or BTC assets against stablecoins so there is no high decline in value when the market bears come, especially when the two reserve coins have large volume markets, so my choice remains BUSD and USDC for stablecoins.

[bitcoin-shark]

They are all more or less trustworthy i rely on usdt but only because it was the first and by now i'm used to it, however, one is as good as the other the security level is the same for all stable coins

[Ayers]

BUSD and USDC is must trusted and USDT also trusted for me. and must of the time i use USDT for convert it with fiat money and USDT is much popular stable coin on Binance p2p trading . I always feel comfortable exchanging my crypto with usdt to convert it to fiat money. but for holding big amount of stable coin i think BUSD & USDC will be a better choice

many people consider usdt unreliable to use but it is clearly the most used stablecoin, i am also a regular p2p user on binance and usdt is the most popular stablecoin, not only on binance but i find it popular with most other exchanges like huobi vs bybit...

i don't really see much of a difference between stablecoins, it's best not to keep them for long and only use them when necessary, buying and selling stablecoins is not too difficult, so we can buy when we need to limit long-term holding

[tvplus006]

...however, one is as good as the other the security level is the same for all stable coins

In fact, the security level of stablecoins is different, and first of all, this difference lies in whether the stablecoin is centralized or decentralized. When choosing a centralized stablecoin, you must fully trust the issuer of the stablecoin you have chosen. If you are a supporter of decentralization, then in this case your choice should stop at DAI.

[wxa7115]

BUSD and USDC is must trusted and USDT also trusted for me. and must of the time i use USDT for convert it with fiat money and USDT is much popular stable coin on Binance p2p trading . I always feel comfortable exchanging my crypto with usdt to convert it to fiat money. but for holding big amount of stable coin i think BUSD & USDC will be a better choice

many people consider usdt unreliable to use but it is clearly the most used stablecoin, i am also a regular p2p user on binance and usdt is the most popular stablecoin, not only on binance but i find it popular with most other exchanges like huobi vs bybit...

i don't really see much of a difference between stablecoins, it's best not to keep them for long and only use them when necessary, buying and selling stablecoins is not too difficult, so we can buy when we need to limit long-term holding

And that is the key, when it comes to stable coins I think there are a few which you can use for your daily activities without too much of a problem as it is unlikely that the coin is going to collapse just when you are using it.

However the problem with stable coins is that you should never store them for the long term and that is because if at any moment it is found out that one of those centralized coins did not maintain the ratio of fiat that was supposedly backing their coins then there is going to be an overnight collapse on that coin, which means that your losses could be massive, so it is not recommended for anyone to hold those coins the a long term.

[kojektea]

I really enjoy using BUSD the reason is that BUSD is much more open than other stable coins. BUSD is definitely backed by the best exchange in the world that's why I have no doubts about the stability of this coin from Binance. but it is a pity that the BUSD network is not extensive, it seems that not all markets can accept BUSD as a deposited currency, it is still less popular than USDT, but from my belief I prefer BUSD.

[Shasha80]

BUSD and USDC is must trusted and USDT also trusted for me. and must of the time i use USDT for convert it with fiat money and USDT is much popular stable coin on Binance p2p trading . I always feel comfortable exchanging my crypto with usdt to convert it to fiat money. but for holding big amount of stable coin i think BUSD & USDC will be a better choice

many people consider usdt unreliable to use but it is clearly the most used stablecoin, i am also a regular p2p user on binance and usdt is the most popular stablecoin, not only on binance but i find it popular with most other exchanges like huobi vs bybit...

i don't really see much of a difference between stablecoins, it's best not to keep them for long and only use them when necessary, buying and selling stablecoins is not too difficult, so we can buy when we need to limit long-term holding

There is now quite a large selection of stablecoins available, but I like most people would prefer the most popular and widely used stablecoins.
The answer is USDT, which is not only that USDT always ranks highest among other stablecoins. However, USDT is also almost listed on
the majority of exchanges in circulation, so it will be easier to move our USDT from one exchange to another. Even so, I don't agree with your
opinion that says don't keep our funds in stablecoins too long, because for me it is okay to keep our capital in stablecoin for a long time,
mainly to avoid the volatile crypto market. In fact I always keep the profit I get from trading on stablecoins. I think as long as we choose
stablecoins with reliable track records like USDT, it is not a problem to keep our funds in stablecoins for a long time.

[Anguwa]

Because of how widely regarded and important USDT and BUSD are, in my opinion, they are the best. While USDT is the most well-known and is used by practically everyone, BUSD is owned by Binance and is therefore constructed on the Binance Smart Chain. They have a very low transaction fee when swapping and transferring from one exchange to another, and I'm sure that they are still the best.

[serjent05]

so far I only use USDT and BUSD only they are both safe I think they both are most suitable for easy use. USDC tends to be used less often but it's not bad either. but which of them is the most trusted that may be your question. I think that among them the most open is BUSD because only BUSD is openly backed up by Binance.

USDC is the more trusted stable coin than USDT and BUSD be it’s fully regulated and transparent to there reserved audit. It’s own by well known US company Circle which is a good sign that this stable coin will gonna be alive for the long run since every USDC is surely backed by USD in there bank reserve. USDC is slowly getting the majority share of stable coins in the market. I’m more confident using USDC rather than USDT that is widely use now in crypto because there company is not showing any shady behavior since they start to introduce the token to the public.

BUSD is as trusted as USDC simply because BUSD also have its regular audit.  If you want to find out more about BUSD you can check this link : BUSD: All You Need To Know About the Stablecoin, and see for yourself why BUSD is in par with USDC in terms of the trust.  

Because of how widely regarded and important USDT and BUSD are, in my opinion, they are the best. While USDT is the most well-known and is used by practically everyone, BUSD is owned by Binance and is therefore constructed on the Binance Smart Chain. They have a very low transaction fee when swapping and transferring from one exchange to another, and I'm sure that they are still the best.

Well, it looks like Tether had their USDT being audited[1], I don't know how reliable is the audit done on USDT.


[1] https://tether.to/en/transparency/#reports

[Silberman]

True. USDC and BUSD are the most trusted stable tokens. there was a reason why people called that as the most trusted stable token. The fact that if it's supported by newyork regulators. I just remind you that of regulators will not be randomly choosing the token or coin that will be worth to be supported. You must also search some articles and official announcements by newyork regulators about that.

It is my opinion that we should never trust completely in stable coins and this is because trusting in a centralized entity that assure us that they are backing their currency with another asset is what got us in the disaster that are fiat currencies in the first place, we must always remain vigilant regardless of which of the many popular stable coins there are in the market we actually decide to use, this way in the case there is something wrong with one of them we will avoid or at least reduce the losses we could suffer.

[ItsCrafty]

Stable coin are famous because of its services i think that usd is expanding very fast and spontaneously  because of the people  enthusiasm and its own properness. I just suggest that if you craves to be a user of stable coin then usd is an awesome claim try to be wealthier with the help of stable coin and get that do not  make understandings on thoughts of others.

[Ureung jameun]

I made this post to discuss together which stable coin is the best stable coin in your opinion ?

The current biggest stable coins are:

1- Tether: USD
2- USD Coin: USDC
3- Binance USD: BUSD
4- Dai: Dai
5- True USD: TUSD

These are the biggest by marketcap .

After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .

yes, I agree with the research you have done, because for now and maybe until the future I trust BUSD more than USDT. because so far I've heard a lot of negative things about USDT and DAI, which makes me even more suspicious of USDT and DAI. but everyone has a different perception of stablecoins.

[Luffygroove]

Okay, I got so much insight from reading replies in this thread. Without too much knowledge before, I used to use USDT many times and feel comfortable with it. I never faced difficulty or trouble when I used it so I choose USDT. I've ever thought to keep my money in stablecoins before to see how the banking system is actually not that secure, but after reading this thread I think I should reconsider keeping my money in stablecoins. Just like many people said here, a stablecoin is good for transactions but not to hold, moreover in long term.

[Xampeuu]

if i choose between usdt or busd. both are currently the most popular stable coins. busd no negative news and I think binance is still the most preferred exchange product to date, so no worries about it. On the other hand, USDT, there was indeed some negative news that hit him, but so far it doesn't seem to have affected its development much, especially during a bearish season like the current stable coin.

[junkerr]

if i choose between usdt or busd. both are currently the most popular stable coins. busd no negative news and I think binance is still the most preferred exchange product to date, so no worries about it. On the other hand, USDT, there was indeed some negative news that hit him, but so far it doesn't seem to have affected its development much, especially during a bearish season like the current stable coin.

it's a great choice, and I'm sure a lot of people also use the stable coin for their benefit.
USDT may be more flexible, as it can make transactions across multiple networks available on multiple exchanges.
but for Binance members, BUSD is a stable asset that will be an option.

[Jeger.Kiting]

I know this question has been answered many times before.

However, I want the current market outlook.

Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.

I made this post to discuss together which stable coin is the best stable coin in your opinion ?

The current biggest stable coins are:

1- Tether: USD

2- USD Coin: USDC

3- Binance USD: BUSD

4- Dai: Dai

5- True USD: TUSD

These are the biggest by marketcap .

After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .

What do you think?

Thank you.

You are right that currently USDC and BUSD are the best among the options you wrote above, because I also hold these two stablecoins. Using USDC and BSUD as a pair is safer than using USDT which is audit, regulatory and non-transparent in terms of auditing, regulation and storage, stablecoins like Tether (USDT) are arguably higher risk because they are less trustworthy. Although USDT has US dollars, it is held in unreliable offshore banks and USDT is not audited regularly.

[libert19]

USDT appears to always get the heat, why? They update the balance sheet daily: https://tether.to/en/transparency/

Next would be usdc.

[KaliLinux]

I know this question has been answered many times before.

However, I want the current market outlook.

Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.

I made this post to discuss together which stable coin is the best stable coin in your opinion ?

The current biggest stable coins are:

1- Tether: USD

2- USD Coin: USDC

3- Binance USD: BUSD

4- Dai: Dai

5- True USD: TUSD

These are the biggest by marketcap .

After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .

What do you think?

Thank you.

Usually, Stablecoins are not coins I hold for long even if I sell my coins/token to them, however, I am always on Binance for most of my trade so I use BUSD and USDC. On some occasions, I still use USDT if that's the option available for trade in the Exchange and will also convert back to the two previously mentioned.