What is the difference between BUSD and USDT stablecoins?

BUSD is Binance.

It is more convenient to participate in some Binance projects or products, such as the recent new coin mining, and the projects in the mining can use BUSD, and many coins also have BUSD trading pairs, anyway, you don't have to worry about the currency price repeating if you hold BUSD. USDT is a universal USD stablecoin, and it has many uses.

According to the "Announcement on Preventing the Risk of Token Issuance and Financing", there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk. According to the notices and announcements issued by the People's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and trading of virtual currency are not protected by law.

Tips: Before investing, it is recommended that you first understand the risks of the project, and have a clear understanding of the project's investors, investment institutions, on-chain activity and other information, rather than blindly investing or mistakenly entering the capital market.

1. BUSD and USDT are both encrypted digital currencies, the former was launched by Betreasury, while the latter was launched by Tether, both are pegged to the US dollar and have a peg ratio of 1:1.

2. BUSD is a compliant stablecoin, and has cooperated with a number of financial institutions to support users to use BUSD's independent client for scanning code consumption, payment, transfer and other functions. USDT, on the other hand, can be kept in a forex account and is a compliant currency that is backed by fiat.

Extended information: 1. The difference between digital currency and physical currency.

Physical currency is a legal tender printed on paper and backed by the state's ** credit, while most digital currencies such as Bitcoin and Binance Coin (except for digital yuan) do not have this legal attribute, and are mainly used for investment, consumption and other purposes. However, digital currency can be transmitted through the network, which greatly improves its transaction speed and circulation efficiency, and is more convenient than traditional currency in simple use. Secondly, the additional issuance of physical currency is carried out according to the regulation and needs of macroeconomic growth, while the amount of money in most decentralized digital currencies is fixed.

2. Digital currency.

1. Digital currency is abbreviated as DC, which is the abbreviation of "digital currency" in English, and is an alternative currency in the form of electronic currency. Both digital coins and cryptocurrencies are digital currencies.

2. Digital currency is an unregulated, digital currency that is usually issued and managed by developers and is accepted and used by members of a specific virtual community. The European Banking Authority defines virtual currency as a digital representation of value that is not issued by a central bank or authority and is not pegged to a fiat currency, but because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded electronically.

3. Characteristics of digital currency.

1. Low transaction costs.

Compared with traditional bank transfers, remittances, etc., digital currency transactions do not need to pay fees to third parties, and their transaction costs are lower, especially compared with cross-border payments that provide high fees to payment service providers.

2. Fast transaction speed.

The blockchain technology used in digital currency has the characteristics of decentralization, which does not require any centralized institution similar to a clearing center to process data, and the transaction processing speed is faster.

3. High degree of anonymity.

In addition to the physical form of money can achieve peer-to-peer transactions without intermediaries, one of the advantages of digital currency over other electronic payment methods is that it supports remote peer-to-peer payment, it does not require any trusted third party as an intermediary, and the two parties can complete the transaction without trusting each other in a completely unfamiliar situation, so it has higher anonymity and can protect the privacy of traders, but it also creates convenience for cybercrime, which is easy to be used by money laundering and other criminal activities.

Summary. Before this question, the currency circle will first tell you about USDT and BUSD, as we all know, USDT is Tether, and its target is the US dollar, but what BUSD is, the vast majority of investors do not know, in fact, BUSD is a US dollar-backed stable asset issued and managed by Paxos Trust Company, which is regulated by the New York State Department of Financial Services.

Before this question, the currency circle will first tell you about USDT and BUSD, as we all know, USDT is Tether, and its target is the US dollar, but what is BUSD, the vast majority of investors do not know, in fact, BUSD is a US dollar-backed stable asset issued and managed by Paxos Trust Company, which is regulated by the New York State Department of Financial Services. The following crypto circle has sorted out the Binance USDT to BUSD tutorial for you, hoping that investors can read the Binance USDT to BUSD tutorial through this article.

Read the Binance USDT to BUSD tutorial in one article.

At present, Binance has launched a one-click exchange button for stablecoins to BUSD, which can directly convert USDT in the account to BU

What to do if Binance BUSD mentions USDT?

Before this question, the currency circle will first tell you about USDT and BUSD, as we all know, USDT is Tether, and its target is the US dollar, but what is BUSD, the vast majority of investors do not know, in fact, BUSD is a stable asset guaranteed by a beautiful mu yuan issued and managed by Paxos Trust Company, which is regulated by the New York State Department of Financial Services Before this question, the currency circle will first tell you about USDT and BUSD, as we all know, USDT is Tether, The underlying is the US dollar, but what is BUSD, the vast majority of investors do not know, in fact, BUSD is a stable asset guaranteed by the US dollar issued and managed by Paxos Trust Company, regulated by the New York State Department of Financial Services. The next absolute noodle currency circle has sorted out the Binance USDT to BUSD tutorial for everyone, and I hope that investors can read the Binance USDT to BUSD tutorial in one article through this article. At present, Binance has launched a one-click exchange button for stablecoins to BUSD, which can directly convert USDT in your account to BU

What should I do if I withdraw the wrong currency and protocol when withdrawing Binance BUSD?