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BUSD vs USDT
BUSD is a stablecoin developed by Paxos in partnership with Binance. Paxos are also issuer of other stablecoins Paxos Standard (PAX), HUSD and PAX Gold (PAXG).

BUSD are approved and regulated by the New York State Department of Financial Services and is 100% backed by U.S. dollars held in FDIC-insured U.S. banks.

Also, an auditing firm (Withum) audits BUSD monthly to check if the money held in banks matches the BUSD supply, which you can check out here.

On the other hand, USDT is not regularly audited. The last audit published on Tether’s site dates back to 2018, which was carried out by Sporkin & Sullivan LLP. But they do publish the value of their reserves daily which can be seen on this page.

Another difference between BUSD and USDT is that the reserve that backs USDT is held in offshore banks which are regarded as less trustworthy. To date, there have been also many allegations about Tether, a summary can be found here.

So one can say that BUSD is safer than USDT. This is actually true. But, if you are an average trader, it really does not matter whether you trade BTC/BUSD pair or BTC/USDT pair.

But, if you want to hold really large sums of money in the form of stablecoins, holding only BUSD or splitting the money between BUSD and USDT might be a better idea.

Also, trading coin-margined futures instead of USDT-margined futures on Binance or other exchanges might be safer in case a catastrophic event related to Tether may happen.

Other than that, there is really no any difference between BUSD and USDT. If you are an average trader, you should rather look for volume, arbitrage opportunities, etc.