Since USDT is more available , it supports more trading pairs and is easier to complete trades. However, BUSD will likely become more visible as people see its qualities and the demand for such stablecoins increase.
Read moreIs Busd more stable than USDT?
So I would consider BUSD to be a safer stablecoin , but USDT is the more useful one for traders due to its huge daily volume and number of trading pairs. Using BUSD instead of USDT gives you a better savings rate on Binance as BUSD is a stable coin of Binance.
Read moreHow safe is Busd?
Is BUSD Safe? Since BUSD is one of the only stablecoins that is 1) subject to regular third party audits and 2) strictly regulated to maintain a 1:1 BUSD to USD ratio, it is considered by many to be one of the safest stablecoins available on the market .
Read moreIs Busd backed by cash?
BUSD is a U.S.-regulated stablecoin, fully backed by U.S. dollars : 1 BUSD = $1.00 USD. BUSD offers faster ways to fund your trades and is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem.
Read moreWhich crypto is backed by dollar?
Tether (USDTUSD) and TrueUSD (TUSDUSD) are popular crypto coins that have a value equivalent to that of a single U.S. dollar and are backed by dollar deposits.
Read moreIs USD Binance backed by dollar?
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website.
Read moreHow stable is a Stablecoin?
This evidence suggests that stablecoins are not stable at the high-frequency intraday level and become more stable (compared with other assets) at the daily level . Furthermore, non-USD pegged stablecoins are more volatile and thus less stable than USD pegged stablecoins.
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