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r/CryptoCurrencySee Post

Informative article from Paxos' Head of Portfolio Management on how stablecoin companies manage billions of dollars of swaps from stablecoins to USD bank accounts and vice-versa.

r/CryptoCurrencySee Post

No BUSD isn't regulated by NYDS or 100% issued by PAXOS. There are 2 BUSD! One issued by PAXOS and One by Binance. They say on their own website!

r/CryptoCurrencySee Post

Binance slashes (again) APR for stablecoins (and a look at this year's interest)

r/CryptoCurrencySee Post

Binance to Auto-Convert USDC, USDP, TUSD to BUSD (Binance USD) | Binance Support

r/CryptoCurrencySee Post

I need to convert a sizable amount of fiat into Stable coins.

r/CryptoCurrencySee Post

Binance Has Effectively Told The World Tether’s USDT Is Unbacked

r/CryptoCurrencySee Post

Could Binance's Stablecoin Move Cause Further Issues with Regulators

r/CryptoMarketsSee Post

Binance will remove USDC as a tradable asset on its platform beginning September 29th. New deposits of USDC, USDP & TUSD will be auto-converted to BUSD (Binance USD), the BSC’s stablecoin. Do you think Binance is just trying to get more users to use BUSD instead?

r/CryptoCurrencySee Post

Binance to cease support for 3 top stablecoins from Sep 29 - USDC, USDP, TUSD to be converted to BUSD

r/CryptoCurrencySee Post

Binance stops support of rival stablecoins USDC, USDP and TUSD

r/CryptoCurrencySee Post

Binance is going to totally remove USDC and convert it to BUSD from September 29th. Seems like a try for monopoly...

r/CryptoCurrencySee Post

Binance to Auto-Convert USDC, USDP and TUSD to BUSD

r/CryptoCurrencySee Post

Binance to Auto-Convert USDC, USDP, TUSD to BUSD (Binance USD)

r/CryptoCurrencySee Post

Market risk and 1:1 Stablecoin conversions

r/CryptoCurrencySee Post

Which Centralized Stablecoin Should I Use?

r/BitcoinSee Post

Is Huobi Insolvent?

r/CryptoCurrencySee Post

Did you hold PAXOS Dollar (PAX)? PAX -> USDP Ticker change. Where is our money? What happened? Check if you are affected!

r/CryptoCurrencySee Post

Shortly Before Halting Withdrawals: $320M Worth of Crypto were transferred to FTX

r/CryptoCurrencySee Post

Top 4 Stablecoins Compared: Tether (USDT) vs. USD Coin (USDC) vs. Dai (DAI) vs. Pax Dollar (USDP)

r/CryptoCurrencySee Post

After the UST debacle, will the copycats (algorithmic stablecoins) Near's USN and Tron's USDD see any adoption or not?

r/CryptoCurrencySee Post

Which stablecoin(s) do you use and why? Can we have a discussion about the volatility of all the stablecoins.

r/CryptoCurrencySee Post

Noyack Logistics Income becomes the first ever REIT to accept crypto. This is real institutional finance adoption!

r/CryptoMoonShotsSee Post

Can anyone help?

r/CryptoCurrencySee Post

Can anyone help me with this?

r/CryptoCurrencySee Post

Logged into my Mercado Pago (MercadoLibre’s paying system) today and now I can buy crypto. BTC, ETH and USDP are available. Can’t use it to pay for products yet, though.

r/CryptoCurrencySee Post

AR, crypto, and everything in between: Round 2

r/BitcoinSee Post

🚨 FINTECH ALERT 🚨 Learn what WhatsApp’s peer-to-peer crypto powered pilot means for 🌍 Africa👇

r/CryptoCurrencySee Post

Meta’s Whatsapp trials in-app crypto payments in the US with Nova wallet

r/CryptoCurrencySee Post

WhatsApp is testing out allowing its users to send stablecoins to each other. WhatsApp has 2.5 Billion active users worldwide, why is nobody talking about this?

r/CryptoCurrencySee Post

Cryptocurrency payment on WhatsApp (Novi wallet): Some People can send, receive money (USDP) through Meta's Novi crypto wallet

r/CryptoCurrencySee Post

WhatsApp Launches Cryptocurrency payments pilot in the US, DREAMS ARE GETTING STITCHED TOGETHER.

r/CryptoCurrencySee Post

The US Senate requested backing information on all Stablecoins by 12/03/21 - Stablecoins: Tether (USDT), Circle (USDC) Gemini (GUSD) Paxos (USDP) Trust (TUSD) Binance (BUSD)

r/CryptoCurrencySee Post

(Unpopular Opinion) None of you actually know what Novi is or have legit reasons why it would be bad for crypto.

r/CryptoMoonShotsSee Post

CoShi inu 🚀 | Good Community | Low MC | Launching Soon 🚀

r/CryptoCurrencySee Post

Novi (Facebook money transferring service) isn't related to DIEM the planned FB stable coin - The anti FB moonfarm is out of hand

r/CryptoCurrencySee Post

After all these talks about doing 'their own' coins, FB now will launch its Novi wallet and its own stablecoin USDP as an Ethereum ERC 20 token.

r/CryptoCurrencySee Post

Facebook is urged to Halt its crypto wallet by US lawmakers

r/CryptoCurrencySee Post

I made an open source crypto trading algorithm that can notify of new listings before they're live on Binance

r/CryptoCurrencySee Post

I think I finally have a working, profitable strategy for my latest trading algorithm guys

r/CryptoCurrencySee Post

I made my algorithm send me notifications days before a new coin gets listed on Binance and can automatically trade with it once deposited

r/CryptoCurrencySee Post

Appeal to FTX exchange for charging me $960k USD (3x higher) fee for wrong deposit.

r/CryptoCurrencySee Post

Was charged ~$1m USD for wrong ERC20 deposit into an ERC20 exchange address. Need advice please.

r/CryptoCurrencySee Post

My crypto trading algorithm made a profit by detecting and trading a new stablecoin listing on Binance within 0.1 seconds

r/CryptoCurrencySee Post

A not so deep dive into alternative USD pegged Stablecoins to USDT

r/CryptoCurrencySee Post

Stablecoin Investing 101

r/CryptoCurrencySee Post

Crypto Digest #5

r/CryptoCurrencySee Post

Paxos is rebranding its stablecoin from PAX to USDP

r/CryptoCurrencySee Post

Paxos is rebranding its stablecoin from PAX to USDP

r/CryptoMoonShotsSee Post

💎NFTBlackMarket Called $NBM 🚀Big marketing campaigns will start in 2 day get in early🔥Listed CG & CMS 🚀 Listed on p2pb2b IndoEx & Another CEX Soon 🚀MultiBlockchain 🚀Hidden Gem 🚀Potential X1000🚀

r/CryptoMoonShotsSee Post

💎NFTBlackMarket Called $NBM 🚀 Listed CG & CMS 🚀 Listed on p2pb2b & IndoEx 🚀Another CEX before end of August🚀MultiBlockchain 🚀Hidden Gem 🚀 Potential X1000

r/CryptoMoonShotsSee Post

💎NFTBlackMarket Called $NBM | Hidden Gem | Multi BlockChain| Liquidity Locked Forever | CG just lited | CMC Coming Soon | 🚀100x Potential |

r/CryptoMarketsSee Post

DUCK meets POND: Collateralize POND, mint USDP - Blog

r/CryptoCurrencySee Post

Unit Protocol - USDP Loan Question

Mentions

From what I remember USDP aka Pax Dollar is pretty legit too

Mentions:#USDP

I would really like a reply correcting what I've previously questioned, rather than just downvoting like arrogant plebs. Cc is turning into a sh$t show of influencers, barely any debate or education. "Binance ditched three stablecoins in September 2022. This included the world's biggest stablecoin by market cap, USDC. So, let's find out why this happened. #Binance is removing $USDC, USDP and TUSD denominated pairs from the platform, with deposits/withdrawals to be auto-converted to #BUSD." Shed some light about this move?

13 spot pairs... AUD, BIDR, BRL, BUSD, EUR, GBP, RUB, TRY, TUSD, UAH, USDC, BTC/USDP and USDT

USDC is likely the safest bet, though I wouldn't be overly concerned to hold BUSD or USDT either. For smaller names, TUSD and USDP are also reputable. If you're into diversifying you could look into some alternatively-pegged stables like DAI as well. But basically I think if you want to be totally conservative then USDC on Ethereum is probably the most foolproof and regulatorily safe.

It’s a free mining app you can get on your phone, log in once daily and it’ll mine PlayFi and there’s also USDP up for grabs on the offerwall, as well as a daily lottery draw for USDP. Also has staking which is apparently not working for me

Mentions:#USDP

About PlayFi, or that PlayFi hadn’t paid out a stake? So far, my experience with them has been: it mines daily, but still waiting on KYC and for it to be traded on an exchange. I’ve been paid out to my Coinbase without any issue using PlayFi on their offer wall and occasional airdrops of USDP. Staking is the first thing to cause me to raise an eyebrow, but since it’s the first thing I could have actually lost money on, it’s a big eyebrow raise

Mentions:#USDP

*I'm always right if you ignore the times I'm wrong!* Stablecoins should always count. Cowen talks about BTC as a flight to safety. As something to move into to avoid losses. Stablecoins have emerged as a competitor to that. USDC, USDT, BUSD, USDP etc are down roughly 0% from the 2021 peak. They should definitely count. If they were to be discredited, it definitely shouldn't be because they're *better* at accomplishing the goal than the asset you're trying to prop up as the ideal one for accomplishing said goal.

#Dai Pro-Arguments Below is an argument written by mic_droo which won 1st place in the Dai Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: I am reusing (and adapting) my arguments from the last round, the arguments can be found [here](https://np.reddit.com/r/CointestOfficial/comments/qk4yn1/coin_inquiries_round_dai_proarguments_november/huca2kg/). > > DAI is a stablecoin. But it's not just any stablecoin. Other than most stablecoins it's decentralized, meaning it's ["not created or redeemed by any central, third-party gatekeeper or group of gatekeepers"](https://blog.makerdao.com/why-dai-is-the-most-used-cryptocurrency-in-the-defi-space/). > > It is currently the [fifth biggest stablecoin](https://www.coingecko.com/en/categories/stablecoins) - and even though it is, of course, pegged to fiat - 1 DAI is 1 USD - it is backed [with crypto and not fiat as collateral](https://ethereum.org/en/stablecoins/) - the biggest stablecoin that's not backed by fiat. At the time I'm writing this, it is mostly backed by [USDC, ETH, WBTC and USDP](https://daistats.com/#/overview). That kinda sounds risky, right? I mean we all love crypto, but how can a stablecoin backed by crypto be, well... stable? > > MakerDAO found a way. DAI was started at a really bad time - December 2017, right before the end of the bull run. DAI was only backed by ETH back then, and while ETH lost 80% of its value in the following months, [DAI remained extremely stable](https://fortune.com/2018/10/01/crypto-ethereum-stablecoin-vc-andreessen-horowitz/). And it has remained stable until today, it usually hovers around $1, its ATH and ATL are similar to other big, centralized stablecoins. > > How does it manage to do that? Well, it is regulated by a system of smart contracts. [If DAI goes too far above or below 1 USD, MKR is created or burned](https://decrypt.co/resources/dai-explained-guide-ethereum-stablecoin). So you don't have to trust any person or group to keep the price stable - an algorithm ensures it. > > DAI is [one of the biggest projects in the DeFi-space.](https://www.coingecko.com/en/categories/decentralized-finance-defi) and has "decentralized" written all over it, but it's also available on [most big centralized exchanges](https://www.coingecko.com/en/coins/dai#markets). > > DAI is said to be very secure, [MakerDAO conducts extensive audits and ensures DAI's security](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token). As far as stablecoins are concerned, I think DAI is a pretty good deal! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sifdna/coin_inquiries_dai_proarguments_february_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DAI) to find arguments on this topic in other rounds.

This isn't right. BUSD is issued by Binance. It's twin-clone USDP is issued by Paxos. They're essentially the same thing.

Mentions:#BUSD#USDP

Even then, it has the most trading pairs of any other stablecoin, so it's a real +/- situation Although compared to a few years ago, we have way more stablecoins like USDC, Dai, USDP, etc

Mentions:#USDC#USDP
r/BitcoinSee Comment

> Binance to Auto-Convert USDC, USDP, TUSD to BUSD (Binance USD) So. No.

This Here is the article: https://www.coindesk.com/business/2022/09/05/binance-to-convert-users-usdc-usdp-tusd-into-its-own-stablecoin-busd/ > Binance said on Monday that it will convert all investments in USDC, pax dollar (USDP) and trueUSD (TUSD) into BUSD on Sept. 29, and customers transferring those tokens to the exchange will see them automatically converted into Binance's stablecoin after that date. **However, customers will be able to withdraw money denominated in USDC, USDP or TUSD when removing money from Binance.** People are literally fudding everything because the state of the market rn is so pathetic

> You deposit USDC, but when it comes time to withdrawal, Binance has to swap BUSD for USDC to fulfill your request?! CZ says Binance had already disabled USDC deposits few weeks ago. The publicly announced they are delisting USDC. https://www.coindesk.com/business/2022/09/05/binance-to-convert-users-usdc-usdp-tusd-into-its-own-stablecoin-busd/ > Binance said on Monday that it will convert all investments in USDC, pax dollar (USDP) and trueUSD (TUSD) into BUSD on Sept. 29, and customers transferring those tokens to the exchange will see them automatically converted into Binance's stablecoin after that date. **However, customers will be able to withdraw money denominated in USDC, USDP or TUSD when removing money from Binance.** However they were allowing customers to swap BUSD and USDT to USDC and withdraw as USDC. So it was no USDC in, but USDC out Eventually as per their announcement they were going to disable USDC completely As of now, people were swapping BUSD and USDT on their plaform and withdrawing as USDC, since there is a run on BUSD as well. The users are swapping them, so they have to get additional USDC to fund the withdrawals

BUSD is apparently run by a different company called Paxos, which has its own version called USDP, and Binance paid them to make another identical one and call it B for Binance.

Mentions:#BUSD#USDP

It's reserves do. Most of it is backed by USDC, USDP, and GUSD. https://daistats.com/#/

Actually, a significant portion of DAI is backed by fiat-backed stablecoins (USDC, USDP, GUSD). DAI may be crypto-backed, but being crypto-backed is worthless if most of the crypto is question is a fiat-backed stablecoin. https://daistats.com/#/

I mean, they never had a proper audit, so in a sense, they are. But the likelihood of them collapsing seems to be pretty low in the future, also compared to a few years ago we have lots of other backed stablecoins like USDC, Dai, USDP etc

Mentions:#USDC#USDP

Paxos' stable USDP is great too, they're the company that backs BNB on Eth. I never see anyone mentioning it but they publish [monthly attestations](https://paxos.com/usdp-transparency/).

Mentions:#USDP#BNB
r/CryptoCurrencySee Comment

Hmm...I still don't trust USDT, but at the same time I don't really feel like they will just go belly up instantly, even if shocking allegations did come to light. Also compared to years ago, we have USDC, Dai, USDP and so many other stablecoins now

r/CryptoCurrencySee Comment

I can't give any guarantees, but USDP issued by Paxos seems legit. They are regulated and regularly audited and have the USD reserves 1:1. BUSD seems fine as well because they use Paxos as a custodian. USDC does not hold USD 1:1, they take some of the cash and buy US bonds with it to earn yield. From my understanding they are still much safer than USDT.

r/CryptoCurrencySee Comment

I’d go with USDP personally because they actually provide audits.

Mentions:#USDP
r/CryptoCurrencySee Comment

The problem is the custody, because Paxos back 1:1 with real money those 2 tokens issued on the ETH network. So as long as Paxos is truthful and stays solvent, you will always be able to redeem the tokens for USD if you have their control (even if Binance goes bankrupt). On the other hand, if you have USDP or BUSD in an exchange and the exchange goes under, you will end up with nothing. NYKNYC.

r/CryptoCurrencySee Comment

USDP or BUSD in self-custody in the ETH network (ERC20).

r/CryptoCurrencySee Comment

1. So is other "algorithmic" stablecoins like SigUSD, LUSD and sUSD. 2. About 58% of DAI's reserves is in centralized stablecoins (USDC, GUSD, and USDP). The issuers of those coin can blacklist the reserve pool. DAI maybe 135% collateralized, but it might as well be 75% collateralized.

r/CryptoMarketsSee Comment

My top pick would tend to be USDC because of its size and being audited. What about USDP?

Mentions:#USDC#USDP
r/CryptoCurrencySee Comment

define "reliable"; there is USDP and TUSD but they're comparatively tiny there's BUSD if you trust enough Binance...

r/CryptoCurrencySee Comment

Go here: [https://www.binance.com/en/collateral-btokens](https://www.binance.com/en/collateral-btokens). Search for USDC and USDP in the little grey box. It's all there. Are you guys even trying for real?

Mentions:#USDC#USDP
r/CryptoCurrencySee Comment

I'm gonna be honest I don't understand all of your numbers, but I looked into the XRP wallet and I saw that they only had 10XRP as reserves and I found that to be concerning. I also took a look at their [proof of assets for their ecosystem](https://www.bnbchain.org/en/assets-proof) and they have 0 proof of assets for stable coins such as USDC and USDP (paxos USD). I may not be the most financially knowledgeable person in the world nor am I an accountant but to me this screams that they're printing money out of thin air and manipulating their finances.

r/CryptoCurrencySee Comment

#Dai Pro-Arguments Below is an argument written by mic_droo which won 1st place in the Dai Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > DAI is a stablecoin. But it's not just any stablecoin. Other than most stablecoins it's decentralized, meaning it's ["not created or redeemed by any central, third-party gatekeeper or group of gatekeepers"](https://blog.makerdao.com/why-dai-is-the-most-used-cryptocurrency-in-the-defi-space/). > > It is currently the [fifth biggest stablecoin](https://www.coingecko.com/en/categories/stablecoins) - and even though it is, of course, pegged to fiat - 1 DAI is 1 USD - it is backed [with crypto and not fiat as collateral](https://ethereum.org/en/stablecoins/) - the biggest stablecoin that's not backed by fiat. At the time I'm writing this, it is mostly backed by [USDC, ETH, WBTC and USDP](https://daistats.com/#/overview). That kinda sounds risky, right? I mean we all love crypto, but how can a stablecoin backed by crypto be, well... stable? > > MakerDAO found a way. DAI was started at a really bad time - December 2017, right before the end of the bull run. DAI was only backed by ETH back then, and while ETH lost 80% of its value in the following months, [DAI remained extremely stable](https://fortune.com/2018/10/01/crypto-ethereum-stablecoin-vc-andreessen-horowitz/). And it has remained stable until today, it usually hovers around $1, its ATH and ATL are similar to other big, centralized stablecoins. > > How does it manage to do that? Well, it is regulated by a system of smart contracts. [If DAI goes too far above or below 1 USD, MKR is created or burned](https://decrypt.co/resources/dai-explained-guide-ethereum-stablecoin). So you don't have to trust any person or group to keep the price stable - an algorithm ensures it. > > DAI is [one of the biggest projects in the DeFi-space.](https://www.coingecko.com/en/categories/decentralized-finance-defi) and has "decentralized" written all over it, but it's also available on [most big centralized exchanges](https://www.coingecko.com/en/coins/dai#markets). > > DAI is said to be very secure, [MakerDAO conducts extensive audits and ensures DAI's security](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token). As far as stablecoins are concerned, I think DAI is a pretty good deal! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yn1/coin_inquiries_round_dai_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DAI) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

It relies a lot on centralized assets: USDC, USDP, GUSD, WBTC... Has BlackRock bonds. USDC managed by Coinbase in order to generate yield, because DeFi failed in this task. Unreliable centralized DAI. Just hold USDC instead.

r/CryptoCurrencySee Comment

Because nobody has yet put significant enough downwards pressure on BUSD/BNB in order to cause panic and a bank run in others. USDP de-pegged down to 0.97c yesterday though so it's not necessarily off the table.

r/CryptoCurrencySee Comment

You are looking for USDP or USDC then.

Mentions:#USDP#USDC
r/CryptoCurrencySee Comment

The issue with BUSD is that if BNB and Binance fail there may be a run on BUSD in which people mass exodus from it. This could cause a depeg. If it was named something else and not promoted as a Binance product it would not necessarily have that risk. I recommend USDC or USDP although nothing is safe in a market like this. BTC ETH and LTC are some of the safer bets if you have to stay in crypto. Alts will go to the floor and many will never come back.

r/CryptoCurrencySee Comment

USDP has lost it's peg

Mentions:#USDP
r/CryptoCurrencySee Comment

Looks like USDP has lost it's peg, currently at 0.97 on coin gecko...

Mentions:#USDP
r/CryptoCurrencySee Comment

The 1st point is already wrong. Binance doesn't issue BUSD. It is issued by Paxos which is one of the most trusted stablecoin issuers. Binance basically just rebranded Paxos' already existing stablecoin which at the time was called PAX but is nowadays USDP. Paxos being behind BUSD is one of the main reasons why BUSD is widely accepted and not as sketchy as USDT.

r/CryptoCurrencySee Comment

tldr; Tether has blacklisted $31.4 million worth of FTX tokens linked to a hack. The hack is believed to be part of the FTX bankruptcy proceedings. Tether can burn the blacklisted USDT and reissue equal amounts of the asset to the original owner. However, the hacker also stole other crypto assets, including ETH and USDP. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

tldr; Multiple FTX wallets were found transferring funds over to a common ETH wallet address on Friday night. The address received funds from various international and US-based wallets linked to FTX, which amassed over $105.3 million in just two hours starting at 9:20 PM ET on Nov. 11. The wallet owner was found swapping $26 million Tether to DAI via 1inclh while approving USDP for trade on CoW Protocol. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

It complies with the New York BitLicense reporting requirements. An accounting firm publishes monthly attestations about the holdings (normally appear on the website with a 4-5 month delay). They self-publish (unaudited) monthly reports with a \~week delay. This applies to their gold based stable, USDP, and BUSD. https://paxos.com/busd-transparency/

Mentions:#USDP#BUSD
r/CryptoCurrencySee Comment

You want real transparency? Just buy USDP. Backed by physical gold in NY.

Mentions:#USDP
r/CryptoCurrencySee Comment

Guys if you still have money in FTX.US, go NOW and withdraw your crypto. If you have USD, withdraw it in a stablecoin (USDC, USDT, USDP, etc.). I can confirm I was just able to withdraw my BTC.

r/CryptoCurrencySee Comment

What a sham article. USDT, USDC, BUSD USDP, TUSD... look at any of them on a trading chart. It's extremely rare for them to be $1.0000000 on the dot. That damn near never happens. They live at like $0.99X. It's wild how one news organization can publish some real deal insightful shit like that Alameda FTT story and then a couple days later put out a story that says *stablecoin trades where all stablecoins trade* and spin it as some radical depegging event.

r/CryptoCurrencySee Comment

What’s people opinion on USDP?

Mentions:#USDP
r/CryptoCurrencySee Comment

> The big companies most all have stables issued, but ~~some~~ all have total controll to ban and halt coins on chain - which is scary. Fixed that. Every one that's actually ran by a company has this functionality. Everything you listed is legit. USDP and BUSD are probably the safest given that they're backed by US treasuries and how often they do attestations. I believe USDP and BUSD actually do realtime accounting that you can look up whenever you want rather than once a month like others. DAI is more than 50% backed by USDC and a massive chunk of their emergency pegging funds are managed by Coinbase, who partly manage USDC. DAI is literally just USDC's side project. Their selling point is, "if you like USDC but think *yearh but it just doesn't have enough smart contract risk to be exciting*..."

r/CryptoCurrencySee Comment

> I'd rather use a stable like DAI because it's not backed by money in a bank that can be seized or frozen. The biggest three assets that make up DAI are USDC, ETH, and USDP. USDC is over 50%. USDC and USDP have the ability to freeze funds and they are backed by money in the bank and treasury notes... which can also be frozen.

r/CryptoCurrencySee Comment

USDC, USDP, TUSD, BUSD. Long ago the four stablecoins lived together in harmony. Then, everything changed when BUSD converted.

r/CryptoCurrencySee Comment

***In September, Binance said it would convert existing balances and new deposits of stablecoins USDC, USDP and TUSD to its own stablecoin, BUSD.*** Wait you’re telling me they just converted everyone’s balances to their own stablecoin?

r/CryptoCurrencySee Comment

TLDR: eUSD is backed by a basket of other stablecoins, namely, USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD). Each transaction is said to be encrypted using end-to-end zero-knowledge encryption. In other words, only the transacting parties can see their own transactional data, thanks to encryption that uses zero knowledge proofs (a way of proving something without revealing sensitive information).

r/CryptoCurrencySee Comment

I just want to add on the other comments from r/shopify, personally I would accept stables like USDC, BUSD, USDP. And be aware there's no escrow services for cryptocurrency that I know of but let them send you the money before sending anything.

r/CryptoCurrencySee Comment

tldr; India’s largest crypto exchange WazirX will stop supporting USDC, USDP, and TUSD on Sept. 26 to “enhance liquidity and capital efficiency.” Users that still hold any of these three currencies until the given deadlines, their holdings will be automatically converted to BUSD. Users will still be able to deposit or withdraw USDC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

tldr; WazirX is delisting USDC, USDP, and TUSD and will automatically convert customer holdings into BUSD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

Also \*" Binance said on Monday that existing balances and new deposits of USDC, pax dollar (USDP) and trueUSD (TUSD) will be converted into BUSD"\* I'm really suprised they didn't target USDT as well for the final nail in it's coffin.

r/BitcoinSee Comment

Carrying this or any amount is [risky ](https://youtu.be/OPytMm5-7jI) because some cops are pigs and will abuse their power. Bitcoin solves some of this. If anyone fears volatility this can also use a trustworthy crypto stablecoin like USDC/GUSD/USDP.

r/CryptoCurrencySee Comment

BUSD is a partnership Paxos has its own stablecoin USDP which is actually one that is being absorbed. In theory, Paxos could end up dropping out of BUSD for this or the government starts to go after BUSD for anti-competitive behavior.

Mentions:#BUSD#USDP
r/CryptoCurrencySee Comment

"Binance said on Monday that it will convert all investments in USDC, Pax Dollar (USDP) and TrueUSD (TUSD) into BUSD on Sept. 29, and customers transferring those tokens to the exchange will see them automatically converted into Binance's stablecoin after that date."

r/CryptoCurrencySee Comment

"Binance said on Monday that it will convert all investments in USDC, Pax Dollar (USDP) and TrueUSD (TUSD) into BUSD on Sept. 29, and customers transferring those tokens to the exchange will see them automatically converted into Binance's stablecoin after that date."

r/CryptoCurrencySee Comment

Headline is dogshit. Binance will internally pool up all BUSD, USDC, USDP and .. whatever, and call that ”BUSD” on the platform. You can still move the stables on and off in supported flavours of stables.

r/CryptoCurrencySee Comment

There's a lot of misunderstanding in this thread. Binance is simply combining liquidity from multiple stable coins into one (USDC, TUSD, USDP) -> BUSD to improve liquidity on non USDT traded pairs. FTX has been doing this for some time now, and it improves capital efficiency and liquidity.

r/CryptoCurrencySee Comment

tldr; Binance will remove USD Coin (USDC), TrueUSD (TUSD), and Paxos Standard (USDP) as tradeable assets on its platform and convert its users’ balance in these stablecoins to Binance USD (BUSD) by September 29. USDC has also been removed from its other products like Savings & Stakings, Binance Pay, Crypto Loans, Gift cards, and others. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

tldr; Binance will auto-convert USDC, USDP and TUSD and new stablecoin deposit into BUSD. The exchange will also remove USDC trading pairs from the platform starting 26 September. Users will continue to deposit any of the listed stablecoins, but accounts will only reflect a consolidated balance in Binance USD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

tldr; Binance is suspending ETH transactions on Optimism, Arbitrum and Ronin networks ahead of the Bellatrix upgrade. The suspension will try to ensure correct allocation of proof of work tokens. Trading ETH on the mainnet will remain active. Binance is also converting USDC, USDP, and True USD stablecoins to Binance USD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

Ehh? How on earth did you come to the conclusion that "they don't need to worry about external stable coins depegging"? That's is the exact opposite of what's happening here. In essence Binance is so confident in USDP, USDC and TUSD that they are willing to guarantee 1:1 conversion between them and BUSD. This is adding financial risk to Binance that they previously avoided by listing the coins separately. If you want to be cynical about this then Binance is basically buying legitimacy for BUSD by accepting some amount of future risk. If you want to be optimist about it they are fighting against Tether dominance by consolidating volume, thus reducing spreads, while giving their customers the benefit of withdrawing their preferred coin. Apart from some very tinfoil hat type concerns regarding BUSD this is an absolutely win-win for their customers.

r/CryptoCurrencySee Comment

"Binance is introducing BUSD Auto-Conversion for users’ existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio" Makes sense to dump rival stablecoins and promote your own.

r/CryptoCurrencySee Comment

This will not affect users' choice of withdrawal: users will continue to be able to withdraw funds in USDC, USDP and TUSD at a 1:1 ratio to their BUSD denominated account balance.

r/CryptoCurrencySee Comment

It's not as bad as it seems. > Binance is introducing BUSD Auto-Conversion for users' **existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio**... This will not affect users' choice of withdrawal: **users will continue to be able to withdraw funds in USDC, USDP and TUSD at a 1:1 ratio to their BUSD** denominated account balance. Example, USDC is swapped 1:1 for BUSD when it comes in and you can swap BUSD 1:1 for USDC when you want to withdraw. It seems more about making all liquidity pairs on the platform either USDT or BUSD than removing rival stablecoins from the greater crypto ecosystem.

r/CryptoCurrencySee Comment

> Wtf? Is this allowed? Yes. They're giving people a heads up so that they can remove their funds if they don't like the new approach. No crypto regulation mandates what tokens *must* be accepted and held by an exchange. Just like how no stock regulation mandates specific stocks that *must* be tradeable on platforms. > What happens if this massive dump causes the mentioned stablecoins to depeg? They aren't "dumping" people will still be allowed to withdraw in the token of choice. They'll be keeping large reserves of these tokens. Allegedly, this is about liquidity while on the Binance platform. Even if they were "dumping", they're honoring the tokens 1:1 so they'd likely redeem direct and Circle, Paxos, and whoever runs TUSD rather than just dumping into the market and letting market forces play out. BUSD does monthly attestations. They can't come up short one month by selling a bunch of stablecoins for like 10% discount yet issuing an amount as if there was no discount. > Worse, what happens to all those who are forced to convert to BUSD if BUSD depegs? 1) Nobody is forced. They won't be doing this for nearly a month. You can remove your tokens from the platform and refuse to transfer them in going forward. 2) BUSD isn't some algo stablecoin + it and USDP (same organizer) use safer assets than all other stablecoins. 100% US treasuries and dollars in a bank unlike USDC and USDT which are *mostly* those two but with other, riskier assets in the mix. It's only depegging if the US explodes and refuses to honor treasuries. If that happens, all the other stables backed with treasuries explode as well.

r/CryptoCurrencySee Comment

tldr; Cryptocurrency exchange Binance is to convert its users' holdings in three major stablecoins - USDC, USDP and TUSD - into its own stablecoin BUSD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

Fellow Binancians, >In order to enhance liquidity and capital-efficiency for users, Binance is introducing BUSD Auto-Conversion for users' existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio. With effect from 2022-09-29 03:00 (UTC)

r/CryptoCurrencySee Comment

SOURCE: https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579f ​ >Cryptocurrency exchange Binance is to convert its users' holdings in three stablecoins - USDC, USDP and TUSD - into its own stablecoin BUSD. > >At 03:00 UTC on Sept. 29 users' balances in the three stablecoins will be automatically converted into BUSD, though users can convert them manually before then if they wish to do so. > >The world's largest crypto exchange announced Monday it is taking this action to enhance liquidity and capital-efficiency for users.

r/CryptoCurrencySee Comment

> users will continue to be able to withdraw funds in USDC, USDP and TUSD at a 1:1 ratio to their BUSD denominated account balance

r/CryptoCurrencySee Comment

USDC, USDP, and TUSD got lumped into one BUSD basket by Binance. All USDC pairs got delisted.

r/CryptoCurrencySee Comment

JUST IN: Binance users pay attention- if you have USDC, USDP, TUSD, they will all be auto converted into BUSD. This is for all existing balances and future deposits with effect from 9 Sept. You will still be able to withdraw these stablecoins so no change on that.

r/CryptoCurrencySee Comment

USDP (Pax dollar) is the real stable.

Mentions:#USDP
r/CryptoCurrencySee Comment

I would say DAI>USDC=USDP=BUSD=GUSD>USDT There might be others that I don't know about. • DAI: over collateralized, if the mechanisms work as intended DAI will sell off the collateral way before it gets to 1:1 ratio, most of it is backed by Stablecoins like USDC. • USDC is issued by circle, mostly backed up by govt bonds and cash. • USDP and BUSD are issued by PAXOS, a company which is regulated and audited regularly. Mostly backed by Govt treasury bills and cash. • GUSD is backed by cash and issued by Gemini exchange. And then there's USDT which although has passed the test of time, is highly controversial and there is no information about what it's backed by. It is issued by "Tether", a shady company which in my opinion got this big only because of first mover advantage. They say they are attested, but it's not something I would gamble my hard earned money on. Don't keep your stable coins in USDT if you have other options available.

r/CryptoCurrencySee Comment

USDP is literally BUSD but on ERC20, it's also safe.

Mentions:#USDP#BUSD
r/CryptoCurrencySee Comment

Collateral-backed stablecoins are the only way to go. Algorithmic stablecoins are never going to work—they are essentially based on the fiat model, but the economic design is always fundamentally flawed. DAI, LUSD, RAI, etc.—all decentralized stablecoins, some more decentralized than others. USDC, USDT, USDP, GUSD, etc.—all centralized collateral-backed stablecoins. Plenty of factors to consider, such as liquidation model, oracle dependencies, and so on. Don’t YOLO into a stablecoin for high yields offered in some lending market.

r/CryptoCurrencySee Comment

tldr; Mercado Libre, one of the biggest retailers in the Latam region, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, which first launched these services in Brazil, managed to enroll a million customers in these alternative investment options during the first two months of implementation. The service uses USDP, a stablecoin backed by Paxos, a New York-based financial services company. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#USDP#DYOR
r/CryptoCurrencySee Comment

USDP

Mentions:#USDP
r/CryptoCurrencySee Comment

#Dai Pro-Arguments Below is an argument written by mic_droo which won 1st place in the Dai Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > DAI is a stablecoin. But it's not just any stablecoin. Other than most stablecoins it's decentralized, meaning it's ["not created or redeemed by any central, third-party gatekeeper or group of gatekeepers"](https://blog.makerdao.com/why-dai-is-the-most-used-cryptocurrency-in-the-defi-space/). > > It is currently the [fifth biggest stablecoin](https://www.coingecko.com/en/categories/stablecoins) - and even though it is, of course, pegged to fiat - 1 DAI is 1 USD - it is backed [with crypto and not fiat as collateral](https://ethereum.org/en/stablecoins/) - the biggest stablecoin that's not backed by fiat. At the time I'm writing this, it is mostly backed by [USDC, ETH, WBTC and USDP](https://daistats.com/#/overview). That kinda sounds risky, right? I mean we all love crypto, but how can a stablecoin backed by crypto be, well... stable? > > MakerDAO found a way. DAI was started at a really bad time - December 2017, right before the end of the bull run. DAI was only backed by ETH back then, and while ETH lost 80% of its value in the following months, [DAI remained extremely stable](https://fortune.com/2018/10/01/crypto-ethereum-stablecoin-vc-andreessen-horowitz/). And it has remained stable until today, it usually hovers around $1, its ATH and ATL are similar to other big, centralized stablecoins. > > How does it manage to do that? Well, it is regulated by a system of smart contracts. [If DAI goes too far above or below 1 USD, MKR is created or burned](https://decrypt.co/resources/dai-explained-guide-ethereum-stablecoin). So you don't have to trust any person or group to keep the price stable - an algorithm ensures it. > > DAI is [one of the biggest projects in the DeFi-space.](https://www.coingecko.com/en/categories/decentralized-finance-defi) and has "decentralized" written all over it, but it's also available on [most big centralized exchanges](https://www.coingecko.com/en/coins/dai#markets). > > DAI is said to be very secure, [MakerDAO conducts extensive audits and ensures DAI's security](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token). As far as stablecoins are concerned, I think DAI is a pretty good deal! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yn1/coin_inquiries_round_dai_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DAI) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Tether is not based in the US, have been caught lying multiple times, did attestation from a obscure Cayman accounting firm. Circle has their total fund attested by a proper accounting firm but the funds backing and breakdown is self declared. They go on a PR that their funds are mostly Treasuries and cash held in bank. We just have to take their word for it? So far the next biggest with proper attestation of funds backing and breakdown is Paxos (USDP). A pity that they arent more widely used considering the high standards they have kept since they started out. FYI they are the custodians of BUSD too.

Mentions:#USDP#BUSD
r/CryptoCurrencySee Comment

For centralized stablecoins peg issues are generally easy to mitigate as long as they've got full/liquid backing. Circle is probably one of the best in the space in this regard, maybe trailing BUSD and USDP.

Mentions:#BUSD#USDP
r/CryptoCurrencySee Comment

This I can totally agree with, I have BUSD, USDP, and USDC. I really can't trust Tether anymore having read their history.

r/CryptoCurrencySee Comment

What do you think about USDP, DAI, and BUSD?

r/CryptoCurrencySee Comment

BUSD is also another centralized, cash-backed stablecoin that is managed by Paxos. Paxos also has its own stablecoin USDP. Both are almost technically the same, but since Paxos is audited by New York, I would lend it more credence. You can read more in my blog: https://douglaslagos.com/largest-cryptocurrency-stablecoins-brief-overview/

Mentions:#BUSD#USDP
r/CryptoCurrencySee Comment

To celebrate Binance’s fifth anniversary, Binance will introduce zero-fee trading for BTC spot trading pairs on Friday 8th July at 14:00 (UTC). The zero-fee trading will cover the following spot trading pairs: BTC/BUSD, BTC/EUR, BTC/GBP, BTC/TUSD, BTC/USDC, BTC/USDP and BTC/USDT. Validity Period: Friday 8th July 2022 14:00 (UTC) until further notice.

r/CryptoCurrencySee Comment

i think this the reason "To celebrate Binance’s fifth anniversary, Binance will introduce zero-fee trading for BTC spot trading pairs on Friday 8th July at 14:00 (UTC). The zero-fee trading will cover the following spot trading pairs: BTC/BUSD, BTC/EUR, BTC/GBP, BTC/TUSD, BTC/USDC, BTC/USDP and BTC/USDT."

r/CryptoCurrencySee Comment

you lost me at “usually those reserves are in crypto.” While true for TerraUSD, DAI, and USDD that is absolutely NOT true for other coins like USDC, USDP, or GUSD. These coins are 100% backed by USD or short-term TBills and audited monthly by reputable firms. Totally agree, this requires trust on the customer’s end that Circle/Paxos/Gemini will deploy the reserve correctly, but thats life. THIS is the next step in payments until the algo stablecoin secret sauce is figured out. Highly regulated, 100% fiat-backed coins. Change doesnt happen overnight, especially in banking. Small steps are taken over years to steer the ship. Tether is a whole other class - I dont believe anything reported by them on their reserves. But it should be noted that after the TerraUSD collapse there was a run on Tether and they were able to repeg through their reserves.

r/CryptoCurrencySee Comment

#Dai Pro-Arguments Below is an argument written by mic_droo which won 1st place in the Dai Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > DAI is a stablecoin. But it's not just any stablecoin. Other than most stablecoins it's decentralized, meaning it's ["not created or redeemed by any central, third-party gatekeeper or group of gatekeepers"](https://blog.makerdao.com/why-dai-is-the-most-used-cryptocurrency-in-the-defi-space/). > > It is currently the [fifth biggest stablecoin](https://www.coingecko.com/en/categories/stablecoins) - and even though it is, of course, pegged to fiat - 1 DAI is 1 USD - it is backed [with crypto and not fiat as collateral](https://ethereum.org/en/stablecoins/) - the biggest stablecoin that's not backed by fiat. At the time I'm writing this, it is mostly backed by [USDC, ETH, WBTC and USDP](https://daistats.com/#/overview). That kinda sounds risky, right? I mean we all love crypto, but how can a stablecoin backed by crypto be, well... stable? > > MakerDAO found a way. DAI was started at a really bad time - December 2017, right before the end of the bull run. DAI was only backed by ETH back then, and while ETH lost 80% of its value in the following months, [DAI remained extremely stable](https://fortune.com/2018/10/01/crypto-ethereum-stablecoin-vc-andreessen-horowitz/). And it has remained stable until today, it usually hovers around $1, its ATH and ATL are similar to other big, centralized stablecoins. > > How does it manage to do that? Well, it is regulated by a system of smart contracts. [If DAI goes too far above or below 1 USD, MKR is created or burned](https://decrypt.co/resources/dai-explained-guide-ethereum-stablecoin). So you don't have to trust any person or group to keep the price stable - an algorithm ensures it. > > DAI is [one of the biggest projects in the DeFi-space.](https://www.coingecko.com/en/categories/decentralized-finance-defi) and has "decentralized" written all over it, but it's also available on [most big centralized exchanges](https://www.coingecko.com/en/coins/dai#markets). > > DAI is said to be very secure, [MakerDAO conducts extensive audits and ensures DAI's security](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token). As far as stablecoins are concerned, I think DAI is a pretty good deal! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yn1/coin_inquiries_round_dai_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DAI) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

nah dude. Stablecoins are not the “only coins that collapse permanently in bear markets due to flawed architectures”. The big fiat-backed stablecoins have been surviving and will continue to do so. Totally agree that algo stablecoins havent found the secret sauce yet. But tokenized deposits like USDC, USDP, etc will thrive. They are the bridge to algo stablecoins that will get the banks and the government on board. Stablecoins are the future of payments. Everyone in banking realizes this, and once the Fed issues guidance you’re going to see a giant wave of adoption.

Mentions:#USDC#USDP
r/CryptoCurrencySee Comment

#Dai Pro-Arguments Below is an argument written by mic_droo which won 1st place in the Dai Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > DAI is a stablecoin. But it's not just any stablecoin. Other than most stablecoins it's decentralized, meaning it's ["not created or redeemed by any central, third-party gatekeeper or group of gatekeepers"](https://blog.makerdao.com/why-dai-is-the-most-used-cryptocurrency-in-the-defi-space/). > > It is currently the [fifth biggest stablecoin](https://www.coingecko.com/en/categories/stablecoins) - and even though it is, of course, pegged to fiat - 1 DAI is 1 USD - it is backed [with crypto and not fiat as collateral](https://ethereum.org/en/stablecoins/) - the biggest stablecoin that's not backed by fiat. At the time I'm writing this, it is mostly backed by [USDC, ETH, WBTC and USDP](https://daistats.com/#/overview). That kinda sounds risky, right? I mean we all love crypto, but how can a stablecoin backed by crypto be, well... stable? > > MakerDAO found a way. DAI was started at a really bad time - December 2017, right before the end of the bull run. DAI was only backed by ETH back then, and while ETH lost 80% of its value in the following months, [DAI remained extremely stable](https://fortune.com/2018/10/01/crypto-ethereum-stablecoin-vc-andreessen-horowitz/). And it has remained stable until today, it usually hovers around $1, its ATH and ATL are similar to other big, centralized stablecoins. > > How does it manage to do that? Well, it is regulated by a system of smart contracts. [If DAI goes too far above or below 1 USD, MKR is created or burned](https://decrypt.co/resources/dai-explained-guide-ethereum-stablecoin). So you don't have to trust any person or group to keep the price stable - an algorithm ensures it. > > DAI is [one of the biggest projects in the DeFi-space.](https://www.coingecko.com/en/categories/decentralized-finance-defi) and has "decentralized" written all over it, but it's also available on [most big centralized exchanges](https://www.coingecko.com/en/coins/dai#markets). > > DAI is said to be very secure, [MakerDAO conducts extensive audits and ensures DAI's security](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token). As far as stablecoins are concerned, I think DAI is a pretty good deal! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yn1/coin_inquiries_round_dai_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DAI) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Actually yes! It took forever but I think two days ago I finally got my USDP.

Mentions:#USDP
r/CryptoCurrencySee Comment

FTX.US already do this. You can deposit stablecoins (USDC, BUSD, USDP, etc. but not USDT) and it will appear as USD. One can withdraw later that USD as a stablecoin if you choose to.

r/CryptoCurrencySee Comment

GUSD or USDP Binance dollar is okay as well(it’s basically USDP on the binance channel anyway as it is operated by Paxos)

Mentions:#GUSD#USDP
r/CryptoCurrencySee Comment

The big 4 have a marketshare of what, 70% or more? So, given that we've had six accounting firms: * BUSD * USDC * Tether * GUSD * TUSD * USDP Why have none (0) of the stablecoins been audited by a big4 then? The probability of none of those, including those backed by people like Goldman Sachs, even randomly attempted to chose a big four, is very very low.

r/CryptoCurrencySee Comment

Just saw this, yikes! I’ve never touched tether but there’s no minimums for USDC, USDP or GUSD

r/CryptoCurrencySee Comment

USDP (Pax USD) heavily regulated issuer.

Mentions:#USDP
r/CryptoCurrencySee Comment

USDP is by far the safest and full audited.

Mentions:#USDP
r/CryptoCurrencySee Comment

Are you actually interested in going through the redemption process or do you just have a bunch of stables you wanna go to USD asap on? 1. Tether doesn't redeem for small scale clients as far as I'm aware, they're main issuers are Bitfinex and FTX who then disseminate it through the rest of the market. I think they've got like a 100k minimum for redemption and potentially KYC so only whales/exchanges actually go through the process. 2. Any exchange with a direct Circle hookup should be able to do it, CB is probably best as they're pretty well connected to each other. 3. BUSD is Binance's backed coin. I've gotta imagine either Binance or Binance US can do a direct cashout if you want. Other stables are often connected to exchanges/centralized entities (USDP, GUSD) who should be legally liable to country compatible residents to redeem, DeFi projects with smart contract redemption to unlock collateral (FRAX, FEI, DAI, MIM), or are non-fiat based wrappers like BitGo for WBTC.