Cryptocurrency Q&A Should I buy BUSD or USDT on Binance?

Should I buy BUSD or USDT on Binance?

amelia_harrison_architect amelia_harrison_architect Sat Jun 29 2024 | 7 answers 1372
As a cryptocurrency investor, I'm often faced with the dilemma of choosing between various stablecoins. Currently, I'm considering whether to buy BUSD or USDT on the Binance exchange. BUSD, backed by Binance and Paxos, promises lower transaction fees and faster settlements. However, USDT, the largest stablecoin by market capitalization, offers wider liquidity and acceptance across multiple exchanges. Both have their merits, but I'm wondering which one would be a more prudent choice given the current market conditions and Binance's ecosystem. What factors should I consider in making this decision? Should I buy BUSD or USDT on Binance?

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