What is the difference between BUSD and USDT?

The main difference is the regulation and control of BUSD, vs. the little regulation and little certainty of the reserves in USDT. On the other hand, BUSD is newer and doesn’t have as much track record in big drops as 2018, while USDT is the older stablecoin used. Both have a company behind them, and are centralized stablecoins.

How to transfer stablecoins between BUSD and USDT?

So, BUSD owners can transfer stablecoins between these blockchains according to their terms. USDT (Tether) is a stablecoin secured to the USD. The exchange rate is 1:1. So, one USDT is equivalent to one USD. Users can use, sell or buy USDT as if they were using their regular fiat currency.

What does BUSD do?

BUSD provides a monthly audited report of reserves in compliance with stringent regulatory standards to ensure the security and safety of user assets.

Is it better to trade BTC/BUSD or USDT?

But, if you are an average trader, it really does not matter whether you trade BTC/BUSD pair or BTC/USDT pair. But, if you want to hold really large sums of money in the form of stablecoins, holding only BUSD or splitting the money between BUSD and USDT might be a better idea.