I Think BUSD is Best From USDC. BUSD Coming Front Day By Day.Both USDC and BUSD is quite popular as it's backed by the best and top exchanges crypto industry which are Coinbase and Binance. So, it'll be a great battle between USDC and BUSD in the race of stablecoins as both community have so much support on Defi as well as yield farming. Now, it's just about time to see which one will win in this bull market.
As of now when I'm writing this, USDC is on 17th position on coingecko and BUSD is still on 27th position which has half marketcaps compare to USDC. Also, stablecoins marketcap can be increased if there are more minting of that stablecoin. BTW, BSC hype is still on track and everyone is so much bullish on BSC projects where yield farmers can stake BUSD to get rewards. So, what do other thinks about BUSD and will it be able to overtake USDC in the upcoming days?There is quite a high possibly. Though both, I believe will continue to have lesser market capitalisation compared to tether, USDT. BUSD is binance's USD backed stable coin which automatically means it would have a higher market use and trading pair compared to the USD coin. It would definitely see the necessary support from the greatest exchange to achieve that feat.
USDC is a stable coin that has been around for a long time in the cryptocurrency market and BUSD was just born around September 5, 2019 but the use of BUSD is very diverse and much needed, especially on the Binance Exchange.As Defi projects are growing into the BSC ecosystem , demand of BUSD is increasing and more projects as well as yield farmers want to pick stablecoins to farm without having the tension of market volatility. As a result, everyone is prefering to use BUSD as CZ is giving the best efforts to incrase the usecase of BUSD more. That's why, binance recently increase the withdrawal fee of USDT and decrase zero fee for BUSD withdrawals. That's why there is still a major possibility of this.
-I'm sure I can give something valuable from BUSD and USDC can be overtaken by the BUSD market cap owned by Binance.
I'm sure I can give something valuable from BUSD and USDC can be overtaken by the BUSD market cap owned by Binance.Indeed, binance is stll dominating the whole crypto market and BSC is just on the early stage ATM. If bsc get more adoption from the yield farming community, than sure to have the more demand of BUSD in the upcoming days. As a result, more BUSD will be circulate in the market for that demands which will increase the position of BUSD to overtake USDC in the upcoming months.
Binance has a lot of funds and is able to continuously support BUSD to be able to develop its business in various markets and it is certain that BUSD will continue to rise.
USDC is indeed several levels more than BUSD but I am sure that in the near future BUSD will soon overtake USDC because BUSD is more widely used on various cryptocurrency platforms.Indeed, BUSD is having more usages compare to USDC or USDT and more defi projects are focusing on USDT based pool as no volatile in it because it's a stablecoin. But other alts are having more volatile and as a result, yield farmers are prefering to participate into BUSD pool which is still growing. So, there is a major possibility that BUSD will overtake USDC in this current bull market. ;)