4 ms·
Can someone recommend an alternative? Binance USD (BUSD)? Other stablecoin? Anyway, Bitcoin is not going to drop to 18k anytime within the next 8 months, so fu
by young_unixer 5y ago
Can someone recommend an alternative? Binance USD (BUSD)? Other stablecoin?
Anyway, Bitcoin is not going to drop to 18k anytime within the next 8 months, so funds are safe for now.
- fastball 5y agoUSDC is a stablecoin by Circle which is backed 1:1 by USD, with Circle being based in the US, properly licensed, audited, etc.
- davidgerard 5y agoIt's not audited. Circle tries to imply it's audited, but the company supplies only attestations, which are Grant Thornton looking at a snapshot of one day's numbers handed them by Circle.
- fastball 5y agoThat's good to know, thank you. I'd be surprised they would be able to hold on to their US and UK licenses with that kind of behavior though.
- gruez 5y agohttps://www.gemini.com/dollar https://www.gemini.com/dollar Suppposedly it's FDIC insured to $250k per user.
- gruez 5y agohttps://www.gemini.com/dollar https://www.gemini.com/dollar Supposedly it's FDIC insured to $250k per user.
- webinvest 5y agoUSDC, GUSD, BUSD, or DAI are the main 4 (in that order). TUSD, PAX, and UST also exist. It depends on what’s offered on your exchange but I think most people trust those first 4. Tether has a big target on it’s back with a lot of other stable-coins vying for it’s position.