This point may be a concern for one’s security needs. 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 moreCan Busd lose value?
Because it’s a stablecoin, it should keep to a value of $1, give or take a couple of cents. That’s the point of it – it isn’t meant to make or lose money in and of itself , but rather to be a stable store of value.
Read moreWhich is more stable Busd or 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.27 Ara 2020
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