Bitcoin Forum

If I want to cash out for stability should I use DAI or USDT? What do you people think is safer?. I read tether can be frozen by a central authority but also dai may not be totally secure from what I've heard.

Well, DAI is backed by ETH while USDT is by fiat currency, and contrary to popular belief, not just US Dollars. Former is decentralized (harder to track) and latter is centralized (easier).

So both are not foolproof. But if I were you, I'd go for USDT since it's one of the most liquid stablecoins.

Such "crypto"-currencies should only be held short-term, in order to cushion short-term exchange rate fluctuations in the actual crypto currency. Therefore it does not matter if USDT or DAI is used. In the long run, such currencies should not be held, as there are regular allegations of fraud (see Tether).

Nothing is 100% secure in crypto. However, if I were you I would probably put my money into DAI since it's truly decentralized stablecoin. Tether is probably better for traders because it's pairs have much higher trading volume than pairs with other stablecoins. But since you're asking for a stablecoin to cash out, I'd go with DAI.

It depends on what you want to do next after cashing out. If you are planning on something after cashing out then you should go for USDT as it has more pairs in exchange but you can also choose DAI since dai also have pairs in exchange. So, choose what you prefer DAI or USDT. Just do it carefully. It is you who can make your crypto safe.

All of these are wrong, from my opinion that is based on my analyses. Let's see

• Stablecoins are not stable as most of people thought. Their price change with bitcoin price movements and the range of price changes show that they are not stable. For more details, please see at Bitcoin pumps/ dumps and altcoin price actions (2013 - 2020) (https://bitcointalk.org/index.php?topic=5281718.0) (scroll at bottom of that OP to get the section for stablecoins)
• DAI's volume is very very small compares to volume of USDT and other stablecoins (see below chart)

All the charts below are for the observed period from 01/01//2019 to 10/10/2020, except the chart only for DAI - the period is 22/11/2019 to 10/10/2020.

For DAI

• DAI is the most unstable among stable coins. Look at the box plot to see how wide range of its price changes with BTC pumps/ dumps (click on my topic above to see my variable definitions for BTC pump and dump that are used for the analysis)
• The changes of DAI prices between 2 consecutive days shows it is not stable. You can not call a coin is stable if it has a range of changes from -5% to +5%. If you use that definition, you should call all stocks on the stock market are stable stocks.
• BTC pump/ dump effects
  
  • BTC pump: DAI is the most vulnerable stablecoin (see box plot: wide of box and whiskers)
  • BTC dump: DAI is the second most vulnerable stablecoin, just behind GUSD (also see box plot & whiskers)
• DAI's daily volume are terribly much lower than other stablecoins' volume

It is what you meant. PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0)

---

My advise

• If you accept risks of stable coins (freeze), you should decentralize your capital into different stable coins.
• Allocate big part of your stablecoin portfolio for stablecoins that have bigger daily volume.
  
  • According to volume time-series plots, the orders of priority would be: USDT, PAX, TUSD (last 2 are almost the same, notice that their volumes fall recently)
• Make your own investigations on those companies as well. Above are simply statistics

USDT: more "stable" in price but obviously centralized, and the fact that they can freeze your funds.

DAI: a lot less "stable" in price, but a bit less centralized and it's non-custodial.

Personally, honestly probably just hold real USD lol. I'm not really comfortable in holding both stablecoins for long periods of time.

Totally depends on what your intentions are, if you're just trying to avoid further lost in a scenario when the market is experiencing some downtrend and also looking for a stablecoin with far better liquidity rate then the best and preferable stablecoin has to be Tether although that doesn't mean tether is the best stablecoin out there. When liquidity are brought into the conversation, tether has more advantage over other stablecoins but as the previous users before me has highlighted, they're very centralized to the extent they can freeze your assets without your concept.

I'm not a big fan of tether, they have very questionable reputation you can read more on their scandals here;
Tether’s $20 Billion Scandal: Here’s What We Know So Far (https://medium.com/hackernoon/tethers-20-billion-scandal-here-s-what-we-know-so-far-d1934ba258bd) by Hackernoon.

From forbes;

Dia on the other handle is a purely decentralized stablecoin that's backed by ethereum's smart contract. Its comparison to tether isn't something the community is new to. You can read more here (https://blog.nuo.network/tether-vs-dai-which-one-is-better);

Here's a summary

If your main exchange has both pairs, and you just need to protect your assets from short term volatility, I think both are fine to use. But if your main exchange has USDT as the main pair, and DAI pairs are not that good, maybe USDT is better.

If you plan to hold for months or years, then as somebody has suggested above, you should hold fiat instead.

I only use stablecoins for instant calculations and I prefer to use USDT more for this because these tokens can be used in different ecosystems: ETH, TRX and EOS. I would not recommend storing funds in the long term using stablecoins as there are risks of losing your funds.

Not cant sure that even both are safe too. But both used pn trading. There is an instances usdt has bwwn freeze up last time. Holding investors fund.

For me, the best option is busd stablecoin on binance. It ia not actually that stable but the benefit on holding it on their platform gives you advantage on claiming farming tokens and also earning busd as interest daily on their savings program.

Really? Im not sure if its got backed by real fiat but only mention by them.

agree on this one, i would also suggest to have all your coins put to work, not just stablecoins, you can do that on liquidity pools or through exchanges, Binance for example (would suggest direct, because exchange is a middle-man) and earn something on your holdings
you would put USD in bank for example, and this is the same, only better :)

personally, i use USDT.

until now i always use USDT my friend, and i have no big issue by using or make any transactions on USDT
and now if we sent USDT in TRC20 we don't have to pay the fee
by the way i never use DAI, so i don't know about this stable coin
regards

I think safer using USDT because stable coin and your assets value keep the same, I check more than one year USDT value not have bigger change for lower or higher price. Better when bitcoin and altcoin have lower price save your money with USDT and buy back bitcoin or altcoin after raise to higher price than your hold assets using DAI or cash money, maybe you get little wrong when you make mistake by saving other currency because have inflation price at the future and keep going down.

The choice is yours to make, I will give you few reasons why one is better than the other and vice versa but still they re both not bad

DAI

1. Fully decentralized
2. Not available on many exchanges
3. Trading pair is not on all exchanges
4. Low volume compare to other stable coins


USDT

1. Fully centralized
2. Available on Ninety nine percentage of exchanges
3. Usdt to other coins trading pair available
4. Well supported
5. Stablecoin with the biggest volume.

I personally will vote for USDT rather than DAI. USDT has a very big daily trade volume, accepted by almost all of exchange sites, it has also supported various assets and you have the more choice to pick which asset that will charge less fees.
USDT is the best choice at this moment.

Some people said if USDT is not decentralized but it's much more safer. Im always using TRC20 USDT and it charges me almost zero fees to create a transaction.

I'd go with USDT because of its marginal liquidity on almost all exchanges in crypto world, it's available on Ethereum ,Tron and few other blockchain, well supported IMO but others feel USDT is not save because it's centralized I get, one more thing is if you are into fraud or illegal stuffs your USDT can be freezed

I chose USDT because now I often transact using it from switching wallets and also trading on various exchanges, the value is stable and is also equivalent to US Dollars which is the best reason.

The authority will freeze your account if they see a suspicious transactions but if you are doing a normal and legit transaction then no need to worry about. USDT is the most stable above the option, because cryptocurrency is very volatile and DAI is on ETH platform. Know what’s your priority on doing this and know when you can still earn the money without doing any effort, its for you to find out.

Given the ongoing scandals surrounding Tether, I decided to keep my free funds on the exchange in BUSD, which is a stable coin issued by the Binance exchange. This stablecoin inspires me more confidence than USDT, and it also allows me to receive passive income from placing on the exchange's deposit.

For someone who regularly transfers money on cryptocurrency exchanges, I would choose Tether for ease of travel. Many exchanges support Tether, Tether's liquidity is stronger than DAI.
Tether's P2P exchange for FIAT money is easier and more convenient.

from the use of DAI and USDT I better use USDT, besides we are easy to exchange ours,
and also safer because it has the same value as fiat money, and certainly not too much to hold it,
it's better to keep turning on each exchange.

I prefer USDT because it is always stable in value and available on many exchanges, and the value is the same as Fiat money, for security matters depending on where to store it, because now keeping funds on an exchange is not very secure.

everyone uses USDT, and DAI is the option, if you ask which one is better to use, I suggest USDT,
because you can choose the Tron network which has cheaper fees than the Ethereum network,
but DAI use Ethereum and if network full, so you will pay a high fee.

It depends on what you are using them for. For exchanges and trade, USDT are sometimes the only option as they are the mostly used pair in centralized exchanges. If you are not easy with how USDT handles their escrow, USDC is a safer option as the USDC tokens are fully backed by equal amount of fiat that are audited by a third party. DAI though being a safe fiat pegged coin, it has nearly no use in centralized exchange and are mostly found in Ethereum based decentralized exchages.

Holding stable coins is a huge disadvantage compared to fiat.

The only advantage is the convenience to withdrawal and kyc free (usually)

But it is far more risky.
When you have a USDT coin you dont own any usd: you have only a promise that a company will pay you 1 usD for each usdt you own. But they may have problems and do not pay. Simple as that.

Stable coin marketcap is a 20 billion usd industry. A buble which became  bigger and higher with defi farms.
This whole thing may just pop and the money may disappear as fast as it showed up.

Neither of these two stablecoins, I am not interested in long-term hold. The way usdt is printing fake usdt I see their motives are bad. The main reason is that these coins are centralized. So here I think my money is at huge risk. I use usdt only for instant transactions, I am not in favor of any other type of transaction or long term hold of these coins.



You can use usdt for short term hold. And you can also use usdt for trading as it is listed on almost all exchanges. But I would say usdt is not safe to store your money.

if for me personally then prefer to use USDT. although many people claim that USDT is a Scams coin, it is not for me. Even now I still use USDT coins for trading pairs and it's safe. USDT has its good points and is known to maintain its value stability.

I think Tether is better than DAI. When viewed from an exchange point of view, Tether has a lot more trading services than DAI. However, DAI and Tether are also both ERC20. If DAI is safe, then Tether is safe too.

DAI is also one of the good stable coins, if you ask which one is the best I think you can use both of them. However USDT is not only available in the form of ERC20, but USDT Omni, USDT TRC20. Meanwhile, DAI is only ERC20.

Dont really know much about DAI, but as regards to USDT it safer and better, because its pegged to dollar i.e fiat currency, so it have basis and it value can fluctuate anyhow. so prefer it to some extent. 

Depends.

If you are a day trader, trading btc/alts <> stable coins, you will have to use USDT because of volume, the number of markets, etc. But I trust DAI more because it is a decentralized coin, while USDT is a 'corporate' centralized coin.

So I think DAI is safer but limited due its nature. Nothing is 'totally secure' anyway.

If you are in doubt you can divide your assets into two parts 50% USDT and 50% DAI, if suddenly what you are worried about happens, you will not lose all your money, because you split your funds in half.
I personally also save my money in a lot of stablecoins just in case something happens in the future.

If you wanna use DAI and believe me that will charge you more in the tx fees more than when you are using USDT especially USDT TRC asset. So many people have used TRC20 USDT these days as it can bring them all include me the zero fees transaction.

Your transaction will also be delivered instantly. These days people still prefer to use USDT rather than another stable coin.
The famous stable coin in the crypto ecosystem.

My choice would be Tether. Dai is not supported by most platforms and its volume is lower than tethers. Usdt is a well-known stable coin. The only problem is that it demands a lot of fees both on its own network and on ethereum's network.

You can actually use both, DAI and USDT are both available on binance if that will make you think twice, the difference is one is centralized and the other is decentralized, at this point the decision is left for you, if you think dex is your thing them go for DAI since it's more private and secured than USDT but there are other reasons to like USDT too, it has no room for criminals and illegal money funding

Honestly, I'm ashamed to admit it, but I still don't know what an DAI is. I use USDT all the time when I need to freeze my assets. I'm so used to doing this that I'm too lazy to even ask about some alternatives. Perhaps this is not correct) You must always have some kind of fallback.

I never used DAI and i am not a big believer in holding USDT for a long period of time, there are exchanges that will allow you to hold the funds in your local currency or USD if i am holding it for a longer period of time. Each and every market has its own pros and cons and since USDT has a much bigger liquidity i would hold them whenever i am booking my profits.

I completely disagree with your words. There are many people who have the opposite of your opinion.

Well-known trader and analyst Peter Brandt has a very negative opinion about USDT holders.

To better understand his point of view, I will share his quote with you:

"Tether. Now that is an interesting story. Holding tether is about as safe as holding the Nigerian Trinket. I think people are fools for holding wealth -- even overnight -- in tether. It is a joke when ppl USD as fiat, yet hold tether."

Source: https://twitter.com/PeterLBrandt/status/1255615366711185414.

While both stablecoin fill a similar need, they vary a ton in the manner in which they work and different boundaries like trusted/trustless, mechanization, and so forth Tie has the benefit of being the most seasoned, while DAI has a favorable position of open-source, trusted and decentralized. Tether has counterparty and credit hazard, yet DAI objects to its intricate plan. So you have to assess which one suits your necessities, on the off chance that you are searching for something to shop on Dapps, DAI would be useful, however Tether can be utilized in more exhaustive trades for exchanging

It depends on what you want, both have their advantages and disadvantages, Tether is centralised and the most used Stable coins inthe space and there is reason why USDT is the leading stable coins in the market and as for DAI, it fluctuate alot and the peg could not always be guaranteed because it could easily be gamed but it is a decentralised coin which makes it a good thing for Decentralised space like Crypto

You have answered the question yourself, the thing is nothing is 100 percent reliable, secure and risk free online same goes for stablecoins. So if you want to convert your coins to stablecoins it does not matter much you convert to usdt or dai because they both look legit to me.

They are stablecoins that is practically the same. I'm using USDT as i have been using for years so it helped me profit from the market just as anyone who trades. The threat I guess is them being centralized.

If thereis an option to hold a digital currency soon, some of us migfht just chose it than these stablecoins. I might just try it like digital dollar or yuan.

Except for investment purpose and profit I wont choose new coin with same use over old coins. Trust still matters in the space and Tether has enough to defend its position in this market. Even BUSD cant over-ride Tether in this market, asides the liquidity and volume, it has the largest deperse as stable coin on exchanges in this space.

DAI is a token based on ethereum platform so every transaction will use ethereum as fee, and we know ethereum fee is so high.
For USDT you can choose which based on Tron platform so will make every transaction is cheap. So for me, I will choose USDT but based on Tron

Which is safer?? I don't know but my advice if you want to cash out better choose fiat if you are worry about freeze

it's optional in my opinion and as needed. My advice is not to store stablecoins for too long. USDT is more popular than DAI, but USDT has many cases of freeze. But for ICO / crowdfunding, a project mostly uses the USDT option for funding. You can choose according to your needs at your own risk.

Of course I recommend using USDT over DAI, not because USDT is safer than DAI. But because USDT has a very high volume compared
to DAI, and DAI is the most unstable stable coins compared to other stable coins. Since there is no 100% secure in cryptocurrency, be careful
in keeping our money in stable coins. If possible I suggest why not keep your funds in both. At least if one of them is having trouble, won't
get all of your funds in trouble.

Their DAI or USDT carries the same risk. remember! do not keep your assets on a stable coin because the value will not increase. If Tether were to be frozen, there would be news in advance so that the community got ready. In my opinion, DAI or Tether are better off choosing Tether because it is clearly backed up by dollars .

I think storing assets in Stablecoins will not be a problem even though the price will not increase, because Stablecoins are made to help traders store their assets without having to worry about their value going down due to market conditions being correction.
of course USDT will not be frozen for no apparent reason, as long as you don't make a mistake everything will be safe.

both of them have different basics. like DAI on ETH and USDT on real money. in this case, I always use USDT if I'm looking for stability. that's because USDT is a really stable coin and has been in use for a long time. its high volume proves that the use of this coin is more widely used than other coins. well, but it's up to you.

It looks like that the majority of people have already voted for USDT rather than DAI. Decentralization is something that didn't actually needed by anyone. DAI is a good coin but you must focus to get the stable coin that widely accepted in so many services and platforms. USDT is the best answer for your question and i do agree with people who have voted USDT.
The big volume will not make you to liquidate your USDT anytime.

Capitalization of USDThere will soon reach 16 billion dollars. I have not seen an audit of this company, but the situation is based on the fact that most of the tokens will be used in trading and will not require a return of fiat money. A new bubble is inflating in the market and it is dangerous to store in this stablecoin in the long term. Also, your tokens can be blocked.

The DAI token cannot be blocked.
The DAI token has open and understandable statistics
https://makerburn.com/#/

The USDT token is much more convenient, because it is traded on every major exchange, and I also use it, but I store non-trading reserves in the DAI token

All of the coin has its purpose and all utilization will depend on its purpose. It may be good to use USDT for its stable market price. However, DAI also serve different purpose and that all is very important in cryptocurrency.

In using cryptocurrency, there must be some ways to avoid. In my case using exchange that will required to do KYC.  This is not ideal because in the first place bitcoin was created with anonymity feature and that will not allow anyone to steal your identity and use it illegally.

USDT is only very suitable for stable coins and is very good for long-term investment and has a safe movement, it's just that the profits you get are very long because the price movements are slow and different from other cryptocurrency price movements that always move up and down quickly.

I am sure most of the members of this forum will prefer to use USDT over DAI, because the popularity and volume of USDT
are still far above DAI. So it's no wonder that more USDT is using it. But that doesn't mean DAI is bad, because I believe that
every coin that is created has its own purpose. I have been using USDT to store the profit I got from trading, so it is not affected
by volatile crypto markets.

What kind of long-term investments in USDT are you talking about if there is almost no volatility in USDT pairs? If you invest $1000 in USDT today, you can return $989-1011 in a year. Add to this the risks of losing money as the Tether protocol is highly centralized and once again ask yourself if you should invest in USDT. 

I believe that if to choose between these two cryptocurrencies, then it is better to hold your money in USDT, because USDT has much more trust from investors and I myself constantly hold my investments in USDT when the cryptocurrency market starts to fall sharply and I advise you to choose USDT also.

I believe that the two stable coins are equivalent, on a personal level i prefer to use tether but perhaps more as a matter of habit i know that it is not completely backed not 100% but i do not think it will fail for this, at least not in the immediate, perhaps the value of dai is a little higher

Yes, both of these tokens are based on the Ethereum blockchain, but they have one, but significant difference. DAI is a decentralized token, while USDT is centralized. I think that in this case it would be the right decision to divide your balance between these two coins, which reduces the risk.

Cryptocurrency generally is speculative, hence regulation body can do and undo anything with cryptocurrency at any time. I have never hold DAI because of its low liquidity and decrease in volume when compared to USDT that's available at almost all exchanges.
Tether is not fully backed, they also have some bad credit in the past about Usdt audit. However, if you are keeping funds on exchanges in order to reduce volatility, go with USDT.

I haven’t bought DAI in my short cryptocurrency life. I am always hold my crypto asset in USDT. One common reason is, USDT volume is more then DAI. DAI also good but i am filling comfortable in USDT.

DAI is ahead of USDT in terms of security but you shouldn't hold stable coin for long term, if you want to cashout the profits and will invest them back only after very later period then just go for fiat, it is safer and also you have convenience of using yoir profits for you needs in meanwhile time.

I personally would prefer USDT, because I always use USDT as a stable coin for trading and until now I have never experienced any problems with USDT, that's why I still use USDT as a stable coin that I trust.

I like to keep some of my savings in a stablecoin issued by Binance - BUSD. This is due to the fact that this exchange enjoys my trust and, accordingly, I trust its stablecoin. In addition, the BUSD hold allows me to earn passive income, as well as participate in launchpool, which Binance conducts.

USTD can be found at all exchanges. DAI can be not presented. Therefore, there are many variants to make a good deal when you work with Tether. Although it is a stable coin, its capitalization has grown tremendously. All trust it, and you will never lose with it.

I wonder why no one is outraged by the choices? Why we were offered 2 extremes?
The capitalization of USDT is approaching 17 billion and we continue to blindly believe that everything will be fine. When will it be 30, 40 or 50 billion, will you think so too, or will you start demanding an audit for the company?
I would advise not to pull all the money in one stablecoin, there are other options on the market now.

If you want complete peace of mind then you can compeltely cashout direct to your bank but you have to pay multiple fee or comissions to do that. So if stablecoin has to be picked then i suggest usdc they are run by top notch team with long history of successful ventures also they are launching usdc on different blockchain networks soon.

I think this depends on the one that is most convenient to you, what I mean is this, considering Ethereum gas fees, cashing out via USDT but through TRC chain would be a better option since there is no transaction fee. However, about the USDT centralized nature, it is actually true that a wallet can be frozen when found wanting but since you said cashing out and not holding then I think USDT is better also, but if it is about holding then the other is better since it is decentralized. In addition, I think the reason why most people uses USDT irrespective of the presence of a central authority is that, it has huge volume and also, the most prominent as well.

In my opinion Better Using Coin is USDT. Because, most of the exchanges are USDT is Used at Exchange. So USDT is well-known, USDT my Better choose Coin.

It depends, the choice is on the user, if you are the type that want to be untraceable with your fund you should look into DAI because DAI is fully decentralized, the only difference is DAI has lower volume compared to USDT and USDT is centralized, your funds can be traced and seize too, that's if you break some rules

I choose USDT over DAI because of large volume and liquidity on exchanges, the second reason is USDT is well supported, there is no exchange that doesn't support USDT, if you aren't into stealing or robbing people you don't have to worry about USDT, I never have any issue using USDT

Better coin in my opinion is DAI.  The use of most exchange DAIs has increased many times over.  Besides DAI's Future plan clean,
 So l like DAI.

Most of the cryptocurrency exchanges in the world support USDT,
DAI is not supported at all,
The 24 hour trade volume of the markets is higher from DAI to USDT.
So to me USDT better than DAI

of course USDT has very good support and many have used usdt as trading or other transactions, when using usdt I think I have to remain vigilant because some wallets may still not accept usdt storage.

Defi's first stable coin Dai. Uniswap exchange has more coin liquidity pool. Most of the trading is with Dai. Dai's price always goes with Usd. Which helps us to manage portfolio.

Every day there is an increase in the number of Tether coins, there is no maximum limit for Tether coins. And the daily trading volume is number one, followed by Bitcoin and Ethereum. Meanwhile, DAI users are lower than USDT.
USDT and DAI have the same function, because they are both stable coins.
When it comes to security, USDT and DAI are also sourced on the same platform, namely Ethereum.
USDT is also on TRC Blockcahin, Omni, Binance Blockchain, it has a dual function compared to DAI.

Doesn't matter which one is better to be honest if your money is not some dirty money. but I'd go with thether just because the significant gap of volume which means more liquidity from tether


I don't think USDT is a good investment. You might aswell invest in USD because it's the same thing as stablecoin. Also to note, stablecoins are owned by private company which is centralized. should consider all the possibilities when something is too centralized.

I think USDT is better. Because USDT is stable coin. All exchange support USDT and maximum currency has USDT fair. That's why I choose USDT.

Nice information but I still prefer USDT because it has a mammoth market cap and the value always remains the same, I mean there is very few times when the value is below $1 even by 1 cent so it gives me some trust.

Apart from that I know there are other coins like USDC and as mentioned DAI but I don't use them because they are still new and their market cap is not even near the USDT market cap although I know that USDT hardly do any audits and so which makes it vulnerable to a sudden dump but that is not going to happen as such. And then I don't keep much in USDT either so I don't worry about those things much.

Eighty percent of crypto users will prefer USDT because of strong support and biggest volume, I don't see any reason why someone won't want to use USDT unless they are into crime activities, e.g scamming investors and hacking wallets through any means

It's up to you if what you prefer to cash out. I think they are both good for short term only and don't hold it for a long term. Much better if you just use it for trading because both has a higher volume and find other stable coin to cash out which is you can keep even for long term.

From the information these two coins provided and the argument on this forum concerning the two coins, USDT is not safer than the DAI coin reasons be that, the DAI is on ethereum network and decentralized while the USDT coin is backed by US dollar among others and very much centralized. The DAI as a stablecoin like USDT is preferable to USDT coin IMO.

Yo. I don't think DAI is close enough to the USDT level yet. as you have said, from several things such as market cap and also audits, I think maybe because of the hype Dai can approach USDT but not in the near future, because currently USDT is one of the best stablecoins at the moment

It's your choice to decide on which one suits you, DAI has low market cap compare to USDT, DAI is decentralized and more secured, meaning they have no power over your fund, USDT has the upper hand because of its liquidity and volume, nothing comes close to this, mind you USDT is fully centralized

USDT can be trusted, put aside the fact that it's centralized, only those who are into illegal stuffs are hiding from centralized platforms like USDT, DAI isn't bad too but USDT is just better in things like volume and pair trading on multiple exchanges

DAI and USDT are stable coins, as we know that stable coins can keep your investment value or the price of coins stable is almost the same as the dollar value. So, if you want to invest in a safe, stable coin choose especially with USDT.

Are those the only options you have in your wallet? There are other stablecoins you can also make use of. But if these two are the only options, I will suggest that you go for DAI. Though generally they are both stablecoins and the money you’re investing in any of these two coins is going to be stable, neither going up or down but will be one – one with the USD. The reason why you have been seeing a lot of people complaining about Tether is because they are not 100% backed by the USD as they used to claim from the start, although they have corrected that on their website.

I don't like the fact that Tether prints usdt in unlimited quantities. There is no schedule for printing this stablecoin. Unlike USDT, the release and burning of DAI is regulated by a smart contract, without outside interference in the process. This is the difference between a centralized token and a decentralized one.

Where did you get information that DAI isn't totally secured? That's wrong info, DAI is a fully decentralized stable coin and funds can't be seized or frozen, it's available on binance and other few top exchanges, the difference between USDT and DAI is CEX vs DEX

both are stable coins and certainly worth investing in or securing your money in this industry. but I personally prefer USDT to DAI for several reasons. I always use USDT to convert coins after trading on the exchange. USDT has its own characteristics and is suitable for trading pairs as well.

USD Coin (USDC) is developing rapidly now.
I advise you to keep your savings in USDC, USDT and DAI.
It is better to use USDC in the TRON ecosystem, because transactions there are very cheap and the Tron wallet also makes it possible to make up to 15 transactions per day for free.
If you didn't know, then on the TRON network $ 9,494,377,690.72 USDT
https://wallet.tether.to/transparency

I agree with you, USDT is better because many coins are paired with USDT, so it is easy to buy and sell them again.
But if for DAI transparency it is better, because there are issues that say if USDT is a stable coin that is not backed up with money, in other words it is printed unlimitedly depending on the CEO policy.

Would still prefer USDT from DAI..

It depends on your taste, for me personally if I have to choose between DAI and USDT, then I choose USDT because every time I trade using a stable currency pair like USDT, so far I think this USDT coin is very suitable and safe to use. DAI is another stable coin too, but I haven't used it and maybe next time I'll try it.

DAI and USDT? so I personally prefer USDT because it is always stable in value and available on many exchanges, and its value is almost the same as Fiat money, for security matters it depends on where to store it, because now keeping funds on an exchange is not very secure. so I think USDT is a SAFE stable coin.

DAI is good, the both of them are good and they are top stable coins, although I would say Tether (USDT) is taking the upper hand because it has more liquidity than DAI. And by the way there are other stable coins that I would put on top the list, and if I am to mention top five DAI wouldn’t be among the top five, I will start with PAX which was created to compete with Tether, we all know the problem tether has been having for some time now, and PAX seems like a good replacement for it.

And there are other ones like True USD and the Binance USD. But for the two that you have mentioned , USDT will be a better option and I have already stated the reason why. And try to look into other coins that are out there.