Whereas BUSD tokens are backed by US banks, USDT tokens are backed by offshore banks . Offshore banks offer fewer charges for operation and tax benefits, but they aren’t always fully secure like the FDIC-insured US banks that BUSD uses.
Read moreWhereas BUSD tokens are backed by US banks, USDT tokens are backed by offshore banks . Offshore banks offer fewer charges for operation and tax benefits, but they aren’t always fully secure like the FDIC-insured US banks that BUSD uses.
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