That is the question, I used USDC before but when the depeg occurred, I lost confidence in the currency and pivoted to USDT, also given that BUSD is having problems with the regulators in the US with its halt to issuance, and other stablecoins that I don't completely trust them, such as USDD from the TRON network or USDP from paxos, I prefer USDT, do you use any of the aforementioned? which is your favourite?
Which stablecoin do you prefer USDT, USDC or BUSD?
- Thread starter riberet19
- Start date
What the legal issue is that BUSD issued by Paxos is not issued by Binance and I do not use BUSD, I use USD Coin when I deal and transact using Coinbase, but for other exchanges or local exchanges I prefer to use Tether or USDT pairs with crypto which has high volatility especially when scalping.
Stablecoin (USDT) will not give you returns if you make an investment, because it will not give you capital gains, the value of USDT is pegged to USD. If you are going to make profit with stablecoins you can use them as trading pairs, lending by activating features on wallets or exchanges.
- Thread starter
- #5
Well in some exchanges such as crypto.com or kraken among many others you can get returns for staking these stablecoins, for example in crypto.com you can get a 6.5% return if I am not mistaken, which is not bad.
Yes, you are right, nowadays there are many crypto wallets and exchanges that provide opportunities for holders of stablecoins based on the Ethereum blockchain to get rewards from staking or at least provide interest from the Earning feature;
Yes! I also make use of the USDT and it seems to be the most popular stablecoin with a lot of pretentious.
If we evaluate based on liquidity, USDT is superior to other stablecoins, also has the largest marketcap, moreover USDT is more widely available on many crypto exchanges. So you did the right thing if you chose USDT.
- Thread starter
- #12
Yes, definitely USDT is the one that has proven to be the best stablecoin both in parity with the dollar as well as in liquidity so it is better to use USDT for now.
I don't know the reason why majority of the people prefer to use the usdt as against all other cryptocurrency stablecoin.
- Thread starter
- #14
Basically because it is the one that has been in the ecosystem the longest according to what I know, and it is the one that has the most liquidity, that is, you just have to see its market capitalization and that it is one of the most used pairs.
- Thread starter
- #16
Yes. USDT is used many times to dollarize quickly, also if you do not like the volatility of the crypto market you can always invest and trade or receive staking returns with USDT.
