What is the difference between USDT and Busd?

BUSD is regulated and audited. They ensure that every BUSD is backed 1:1 by a physical dollar stored in FDIC-insured US banks. USDT is not audited and has had security breaches and lawsuits in the past. They don’t guarantee a physical dollar backs every USDT and the money that does back it is stored in offshore banks.27 Ara 2020

Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance.

Binance Coin (BNB) was launched in 2017 and initially served as an exchange platform token for Binance exchange. … Binance USD (BUSD) is listed as an ERC-20 stablecoin issued on the Ethereum blockchain. BUSD is collateralized by US Dollars and issued by Binance.