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This makes them one of the most trusted stablecoins in the digital asset industry. USDC was created by Circle Internet Financial, a licensed and regulated financial services company.

BUSD was previously considered to be the second most trusted stablecoin, however they are now less safe than USDC and USDT after the SEC issued a Wells Notice to Paxos for issuing BUSD to Binance due to their lack of regulatory clarity.

Binance USD (BUSD) : Binance and BUSD is issued by a US-regulated company called Paxos Global.The issuing company Tether Limited has also previosuly been accused of fraud by the Justice Department for lying about their reserves. Tether (USDT): Tether is the second safest stablecoin because they lack the high degree of transparency over their reserves compared to USDC.USD Coin (USDC) : USDC is the safest overall stablecoin because it is fully backed 1:1 and regulated in New York, which has the most rigorous auditing and licensing requirements for stablecoin issuers.The three safest stablecoins to use in crypto finance are: ‍ Top 3 Safest Stablecoins (USDC vs BUSD vs USDT) In order to this, stablecoin issuers need to provide monthly audits and transparency reports to demonstrate proper reserves.īeyond that, other factors to consider include the network’s security measures, transaction fees, and user-friendly interfaces. The primary concern when selecting a stablecoin is ensuring that the company issuing the stablecoin is regulated and keeps the token backed 1:1 by real dollars that are in secure vaults. Stablecoin Market Growth and Top 5 by Market Cap.