If you are purchasing USDC and holding it on Binance, you are probably better off buying BUSD. If Binance crashes, than both USDC and BUSD will be inaccessible

If you are purchasing USDC and holding it on Binance, you are probably better off buying BUSD. If Binance crashes, than both USDC and BUSD will be inaccessible. If Circle crashes, than USDC on Binance will be gone, but not BUSD. As long as Binance doesn't crash, BUSD will be fine. I work under the assumption that both Circle and Binance are freely using much of their customer's funds, and that Binance has both larger pockets and a larger hole. If I am wrong and someone here is honest, than the above is all-the-more so.