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TagsWhat are the differences between USDC and BUSD in the world of cryptocurrency?
Fahad FarooqMar 22, 2022 · 3 years ago1 answersCan you explain the key differences between USDC and BUSD, two popular stablecoins in the cryptocurrency world? How do they differ in terms of their underlying technology, regulatory compliance, and issuer? What advantages do they offer over each other?
1 answers
- USDC and BUSD are stablecoins that offer stability and convenience in the cryptocurrency world. USDC is an ERC-20 token built on the Ethereum blockchain, while BUSD is a BEP-20 token built on the Binance Smart Chain. The main difference between the two lies in their underlying blockchain technology. USDC transactions are processed on the Ethereum network, while BUSD transactions are processed on the Binance Smart Chain. Additionally, USDC is issued by Circle, a regulated financial institution, while BUSD is issued by Binance, a leading cryptocurrency exchange. Both stablecoins have their advantages and it ultimately depends on your preference for the blockchain and the reputation of the issuer when choosing between USDC and BUSD.Mar 22, 2022 · 3 years ago
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