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Author Topic: BUSD vs USDT  (Read 6961 times)

Offline CoinCasso

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BUSD vs USDT
« on: July 01, 2022, 04:12:15 PM »
In yesterday's article, we compared #Stablecoin
BUSD vs USDT 🌞 ;)

Recently, a large number of people are interested in the differences between stablecoins, we make this process easier for you 🤗

More information👇🏻 :)
https://coincasso.com/uncategorized/busd-vs-usdt

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BUSD vs USDT
« on: July 01, 2022, 04:12:15 PM »

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Re: BUSD vs USDT
« Reply #1 on: September 15, 2022, 03:36:15 PM »
Two projects that are similar to each other, not bad coins in terms of keeping them like a dollar, the bad thing is that they have a different commission when withdrawing these tokens from the exchange. If they are hanging on the platform, then you need to choose the right platform for a smaller comsa.
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Re: BUSD vs USDT
« Reply #2 on: August 22, 2023, 05:12:36 AM »
BUSD and USDT both are satable coin and good project. The choice between USDT and BUSD ultimately comes down to your goals for holding the stablecoins. If you are looking for a token that can be used on several exchanges and thousands of cryptocurrencies, then USDT may be the token for you.

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Re: BUSD vs USDT
« Reply #3 on: December 23, 2023, 08:27:29 AM »
Two projects that are similar to each other, not bad coins in terms of keeping them like a dollar, the bad thing is that they have a different commission when withdrawing these tokens from the exchange. If they are hanging on the platform, then you need to choose the right platform for a smaller comsa.
If you withdraw from the exchange to save, you can do it in any blockchain and keep them there until you need them, and if you want to change them immediately to fiat currency, you can use P2P exchange, which is now present on almost all exchanges and there you will not pay any commission at all.
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Re: BUSD vs USDT
« Reply #4 on: December 24, 2023, 05:00:50 AM »

Look at this screenchot , BUSD in Binance already removed and this is Bad News from BUSD.
So many regulations from SEC to BUSD untill Binance Removed it. For this moment , USDT is super power to be a leader of Stable Coin.
USDC,DAI,USDP,FDUSD still on the bottom line from USDT , and also i'm hold USDT in Binance for saving my asset better than another Stable coins.

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Re: BUSD vs USDT
« Reply #5 on: December 24, 2023, 07:31:53 AM »
Look at this screenchot , BUSD in Binance already removed and this is Bad News from BUSD.
Sec about it long ago told binance , it's a matter of time when it would come , I have long ago sold my busd and exchanged them for regular usdt to sleep well , we all know that regular steiblcoins are not 100% backed by real fiat money but at least with them there are no such problems , I no longer keep my savings in any steibles , only in usdt .
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Re: BUSD vs USDT
« Reply #6 on: December 26, 2023, 05:09:54 AM »
BUSD and USDT both are satable coin and good project. The choice between USDT and BUSD ultimately comes down to your goals for holding the stablecoins. If you are looking for a token that can be used on several exchanges and thousands of cryptocurrencies, then USDT may be the token for you.


Yeah, I think USDT is still the best choice than BUSD.
Because majority of investors seek tokens in  several exchanges, and we all know USDT has been used in many exchange more than  BUSD.
Both are stable coin, but USDT is more usable in many exchanges , that's my opinions.
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Re: BUSD vs USDT
« Reply #6 on: December 26, 2023, 05:09:54 AM »


Offline bitmover

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Re: BUSD vs USDT
« Reply #7 on: December 27, 2023, 10:42:10 PM »
In yesterday's article, we compared #Stablecoin
BUSD vs USDT 🌞 ;)

BUSD is being delisted, binance will stop supporting it soon

There is no reason for anyone to have BUSD anymore. If you do have, you have high risk of lose money. You should transfer them immediately to binance to convert it to another stable coin

https://www.binance.com/en/support/announcement/notice-regarding-the-removal-of-busd-and-conversion-of-busd-to-fdusd-1c98ce7bb464422dbbaeda7066ae445b
Quote
From 2024-01-02 03:00 (UTC), BUSD withdrawals will be disabled, and any remaining BUSD balances in users’ Binance accounts will be automatically converted to FDUSD at a 1:1 conversion rate. Thereafter, users may continue depositing BUSD into Binance and can manually convert their BUSD to FDUSD at a 1:1 conversion rate until further notice.
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Offline Lillominato89

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Re: BUSD vs USDT
« Reply #8 on: December 27, 2023, 10:49:15 PM »
Choosing USDT is a wise choice, but never lose sight of your savings, staying on stablecoins does not mean being 100% safe. USDT has also had issues with the SEC in the past

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Re: BUSD vs USDT
« Reply #9 on: December 27, 2023, 11:06:43 PM »
In yesterday's article, we compared #Stablecoin
BUSD vs USDT 🌞 ;)

BUSD is being delisted, binance will stop supporting it soon

There is no reason for anyone to have BUSD anymore. If you do have, you have high risk of lose money. You should transfer them immediately to binance to convert it to another stable coin
When I saw this topic, I had to trace when the topic was created and it was somewhere July. Maybe the news of delisting BUSD was not at sight then. Currently, the comparison is no longer necessary as USDT has proven to be the leader of stable coins both in volume and market cap.

Choosing USDT is a wise choice, but never lose sight of your savings, staying on stablecoins does not mean being 100% safe. USDT has also had issues with the SEC in the past
Apart from what you have said, I had always have this fear about USDT because of the FUD that is being carried against it over years now. Rumours that it will depeg with dollars, that USDT mints coin daily and lots more. But till today, they are still hear
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Re: BUSD vs USDT
« Reply #10 on: December 28, 2023, 07:38:35 PM »
BUSD is being delisted, binance will stop supporting it soon

There is no reason for anyone to have BUSD anymore. If you do have, you have high risk of lose money. You should transfer them immediately to binance to convert it to another stable coin
This is really a big loss for crypto market in general and Binance in particular. I was confident that BUSD would soon surpass USDC and USDT in the 2024 cycle thanks to the popularity of Binance after the collapse of FTX in 2021. However, it was all part of the US government's plan: tons attacked BUSD, prosecuted Binance US, fined Binance global $4B and forced CZ to leave the CEO position.

As Binance has been “dissolved”, I am worried about future of USDT as Tether is a large company located outside the US and holds the majority of stable coin marketcap. Hope Tether will continue to exist long into future to ensure that there are no more black swan events until BTC Halving 2024  8)
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Re: BUSD vs USDT
« Reply #11 on: December 28, 2023, 10:56:09 PM »
BUSD is being delisted, binance will stop supporting it soon

There is no reason for anyone to have BUSD anymore. If you do have, you have high risk of lose money. You should transfer them immediately to binance to convert it to another stable coin
This is really a big loss for crypto market in general and Binance in particular. I was confident that BUSD would soon surpass USDC and USDT in the 2024 cycle thanks to the popularity of Binance after the collapse of FTX in 2021. However, it was all part of the US government's plan: tons attacked BUSD, prosecuted Binance US, fined Binance global $4B and forced CZ to leave the CEO position.


I don't see this  as a loss.

It is just a stablecoin, as good as any other.

Usdt, usdc and others will replace it. I won't miss it..

It  is nice to have alternatives , and they already exist
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Re: BUSD vs USDT
« Reply #12 on: January 05, 2024, 03:39:40 AM »
USDT Tether is the best stable coin to date and now USDT remains the main choice of all investors for trading with various cryptocurrencies.
BUSD is now just a name and a memory because BUSD has now been banned by the SEC and Binance itself. BUSD was removed and changed to FDUSD, the effects of the regulations are all chaotic.
I also don't blame BUSD because Binance also complies with the rules given by the SEC, unfortunately when my BUSD was switched to USDT it felt like it really lacked effort because when trading selling BUSDxUSDT I experienced a decrease in the total coins from the USDT that I received.
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Re: BUSD vs USDT
« Reply #13 on: January 09, 2024, 01:13:01 PM »
https://www.binance.com/en/support/announcement/notice-regarding-the-removal-of-busd-and-conversion-of-busd-to-fdusd-1c98ce7bb464422dbbaeda7066ae445b
Quote
From 2024-01-02 03:00 (UTC), BUSD withdrawals will be disabled, and any remaining BUSD balances in users’ Binance accounts will be automatically converted to FDUSD at a 1:1 conversion rate. Thereafter, users may continue depositing BUSD into Binance and can manually convert their BUSD to FDUSD at a 1:1 conversion rate until further notice.
What worries me is that BUSD was immediately shut down by Binance due to the effects of SEC regulations.
But with this information I feel safer, because when I deposit to Binance with BUSD it is immediately converted to FDUSD 1:1.
After this, maybe FDUSD will change again into something new due to SEC regulations and we are waiting for a new episode of various very strange and strict regulations.
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Offline jonathancool220

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Re: BUSD vs USDT
« Reply #14 on: January 18, 2024, 03:23:58 AM »
https://www.binance.com/en/support/announcement/notice-regarding-the-removal-of-busd-and-conversion-of-busd-to-fdusd-1c98ce7bb464422dbbaeda7066ae445b
I have seen it on the Binance and BUSD applications, it turns out that the original Binance coin will be replaced by FDUSD.
FDUSD is a stable coin designed in an Asian country, if I'm not mistaken it's Hong Kong and the abbreviation of FDUSD is First Digital USD.
If BUSD is removed and replaced by FDUSD it might be the same and there will only be differences in the name and owner or founder of the coin.
If BUSD was created by Changpeng Zhao from Binance and FDUSD is a stable coin created in Hong Kong and I don't know who the founder of FDUSD is, maybe you can explain in detail who is the owner or CEO of this FDUSD coin?

 

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