Which Stablecoin Is The Safest? USDT vs USDC vs BUSD

Which Stablecoin Is The Safest? USDT vs USDC vs BUSD
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We will briefly discuss which stablecoin is the safest and which stablecoin is the best. Let's debate wether it's Tether USDT, USD Coin USDC or Binance USD BUSD. Be careful with other stablecoins as they could potentially collapse like UST Terra Luna fiasco. To be extra safe, move your coins to a good exchange like Binance.

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[buy.bitcoin]

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[wakabi]

I agree, I use USDT for frequent transactions, it's the most popular way we transact in dollars here in Nigeria without the direct bureaucracy high fees from banks if you were to transact with fiat US dollars.

I wanna ask though, what is USDT built on in general? Ethereum or?? And what is BUSD built on as well?

[bobdrean]

I personally invest currently in BUSD and USDT. think they are the safest. What you think abt DAI stablecoin?

[Everydaymotivation-ux]

Why are people bashing usdc? I thought they say they’re transparent and the provide their financial status every month? Am I missing something?

[jayguzman]

How can we even be serious that USDC is better when Tether's daily trading volume is several times more than of USDC? People have more confidence in USDT according to satistics.

[eddiebrockthevenom]

Looking at USDC, I wonder how do they manage to have such a low trading volume with this huge market cap? Even the most inexperienced person would realize that there is something wrong and it smells like fraud. There is no way USDC can be called the safest stablecoin for sure.

[kellyconor]

At the moment all I can be sure in is USDT because this is the only stable coin which I have been using for one year having literally zero problems.

[zawarudo]

Why was it even necessary to add USDC to this list, which doesn't seem safe at all lately? No idea why it has such popularity while remaining one of the most non-transparent cryptos on the market. There is smth wrong with this society...

[stevens]

I wouldn't really compare USDC and USDT. USDT's reserves are much more open with their quarterly reports and they are more transparent.

[josepharmstrong]

I think that Tether has long established itself in the crypto market. This regularly provides an audit and a security report and raises no questions.

[troyortiz]

I think Tether is the best choice as it is the most powerful stablecoin at the moment. In addition, there is little that can compete with it in terms of reliablity.

[nicoladean]

For me, a reliable and transparent stable coin is USDT

[brettferguson]

I don't think you can call USDC safe if it still doesn't have any audits lol

[martinrichardson]

If you ask me, USDC shouldn't really be trusted upon in that regard. Circle and USDC played a huge role in Mashinsky's theft of money from Celsius. In fact, Circle lied and claimed that they had no financial exposure with Celsius even though they were aware that Mashinsky was stealing through USDC and Circle.

[priest]

Crypto keeps fluctuating, causing a lot of loss, what is the best way to make money from crypto trading