Tether USDT vs USDC vs BUSD vs DAI | 2 Minute Crypto

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How do crypto stablecoins like Tether USDT, USDC from Coinbase and Circle, or BUSD from Binance and Paxos really work? What about DAI? Are these better cryptocurrencies to hold vs Bitcoin btc and Ethereum eth in a bear market?

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#usdt #usdc #busd


Stablecoins: Are they safe? (UST, USDT, USDC, BUSD)

The recent collapse of Terra Luna and UST has us thinking that stablecoins are not so stable after all. What does this mean for the other stablecoins (such as USDT, USDC, BUSD) you are holding? Can they be attacked as well? Can we still rely on the “stability” of stablecoins? Will algorithmic stablecoins work?

Stablecoin Article: https://boxmining.com/stablecoin-comparisons-which-is-the-best/

0:00 Introduction
0:52 Types of stablecoins
2:02 Failure of algo stablecoin
4:10 Stablecoins being attacked
5:33 Risks of stablecoins
6:05 USDT vs USDC vs BUSD
8:17 Will algo stablecoins work?
9:27 Conclusion

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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.