BUSD has also been expanding its network with support from major exchanges such as Huobi and OKX, wallets like Trust Wallet and financial institutions including BlockFi. Unlike some stablecoins that may face questions surrounding trust and transparency, BUSD is regularly audited by Withum, a top-ranking accounting firm.Despite being issued by different companies, these three popular stablecoins have a number of similarities.
For instance, BUSD remains limited to Ethereum and BNB Chain, whereas USDC and USDT have become more multichain, covering networks such as Solana, Algorand, Avalanche, and more. The main advantage of being on multiple blockchains is speed, allowing users to trade assets more quickly and potentially at lower fees.
USDT’s value has also risen way above $1.00 on multiple occasions, even going as high as $1,000 per USD in 2019. The lowest it hasUSDC and BUSD, on the other hand, have not faced similar issues and pegged to USD at a consistent $1.00 worth. In fact, both stablecoins rarely wobble either above or beyond $1.00, with both only moving as far as $0.99 to $1.02, approximately, in either direction.remain at a consistent $1.00 worth.
All three Stable Coins have different price at same time,USD is 82,But these three coins trade above Rs 87 & all three different price,All three are Scam coins or Money wasting Coin,Charges are applicable to Convert which is not worth or value for Money .
These are all garbage.
Everything that closes to Circle are either collapsing or already bankrupt. FTX is down, DCG is collapsing soon and dragging Greyscale with it. Genesis probably file Chapter 11 soon. Nobody knows if USDc is fully backed and with Circle run by a fraudster, I would not trust Circle
Thanks for the info! When it comes to stablecoins, I'm sure others have the same questions. The DeFi revolution is making huge strides 🚀, so it's great to stay informed and able to HODL with confidence.
USDC = CBDC
Till the time stable coins are not regulated or maintain transparency in their reserves, it's difficult to trust any.
Since when USDC is fully transparent? Show me their recent audit then 🤡
I’m not confused at all. Just using USDT
If confused buy Tether. Thank me later
USDT - stablecoin busd - Chinese token USDC - US CBDC
I know that USDC has problems with trust. It has no audit and even binance delisted it.
Difference: USDC and CBDC are centralized stables that are controlled by the government and dangerous to use.
You can't compare them lol. Tether is the only real stablecoin on the market. Other ones are dangerous.
$BUSD on BSC is pegged to the ETH version.
Never touch Tether BUSD has been an untouchable stablecoin since the whole FTX collapse. $USDC is safest because $COIN partnered with Circle to create it.
how can there be confusion about this it's not rocket science after all
My favorite is Tether. The best stabelcoin on the market
Why does not usdt build on cardano?
You did not put all the blockchain networks..
Pralhad58318353
USDT, USDC, and BUSD are some of the known stablecoins in the crypto space. All three stablecoins are backed 1:1 by their respective reserve currencies, giving them value stability. This article will explore the similarities and differences between USDT, USDC, and BUSD.
As soon as Coinbase and BlackRock stop buying USDC, Circle will disappear. So should this shitcoin be considered one of the largest stablecoins?
$USDC has been out of the race for a long time, at least because they are not audited and involved in various dark schemes.
$BUSD seems to have much lower risk. Corporate bonds have much higher risk when compared to Cash and Cash Equivalent.
Next $Djed
Thanks for the guide!
Dai & Frax Only!
Coinholders don't have a direct claim on the reserve assets shown here. While it's helpful to differentiate their asset holdings, it would also be helpful to highlight the legal claims coinholders have on those pools of reserves.
Usdt definitely looks much better than any other stablecoin.
Polygon have busd
You have proven to me that you are genuine and i can trust you with my last dime protraderjason thanks for the payouts
$DAI 👌
BUSD issued by Paxos is the only one that has a federal trust charter also
Similarities: all backed by 'trust me bro'
tether has the crown!
Easy $XMD from WeAreMetallicus wins!
$XMD MetalDollar
USDT FUD ?
When (not if) USDT collapses that will mark the end of crypto speculation, most centralized exchanges and unregistered tokens.
Stable coin XMD from Metallicus to rule them all will be the winner. WeAreMetallicus ProtonXPR
$XMD by WeAreMetallicus is all that matters now.
$USDC that type of mofo that tell teacher they forget to collect a homework
djed will come from behind and rule them all.
USDT wins. They are not backed.
USTD
the best guide on stablecoins: forget that there is something other than USDT
A guide with almost no comparison and only usdc advantages...I see what objective guides are now
CRO is the best investment platform
$XMD from WeAreMetallicus on the ProtonXPR wins because it is a de-risked basket of all leading reserve-backed stable coins.
reserveprotocol stablecoins
YUSD, DAI,MONEY, FRAX
USDC seems kinda sus to me, gonna lose at some point
USDC and BUSD can be seized by law enforcement. It would be nice to mention the really important things.
What about Dai? Honest question.
Ok, but I only listen to ChiefraFba for signals and analysis I have a 91% win rate in 2 months of copying his signals 🚀
great piece of article
The similarities are clearer than the differences. scam. Tulip. bubble.
Whyy areen't yoou mentioning thiss
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