DAI, A Good Alternative to USDT?

[ernestpokrovskii]

Ever since the USDT fiasco happened last year, smaller stablecoins have risen in popularity. One of them is DAI. It has been gaining good traction in the markets as they just got another exchange listing lately.

What do you consider the perfect USDT alternative?

[asriloni]

Dai is not having a lot of differences with USDT but for me USDT is much better than dai. I'm still prefer to use stable coin that becomes transparent to the users. Both are not having transparentcy as a very important aspect to be owned by any stable coin . I consider another stable coin like gemini dollar, TUSD, USDQ, binanceUSD as the best stable coins at this moment because they are fully transparent.

[Crypt0BHunter]

For them who believe in decentralization and don't trust banks DAI is must-use on a daily basis and long term.

[bassbity]

I think there is no difference between DAI, USDT because prices are stable and this is definitely used a lot for transactions so for me this is no difference.

[mcnocon2]

Dai is not having a lot of differences with USDT but for me USDT is much better than dai. I'm still prefer to use stable coin that becomes transparent to the users. Both are not having transparentcy as a very important aspect to be owned by any stable coin . I consider another stable coin like gemini dollar, TUSD, USDQ, binanceUSD as the best stable coins at this moment because they are fully transparent.

I agree with you there, I don't like DAI and it cannot be used as an alternative of USDT. TUSD is the better alternative of USDT. BTW I'm not big fan of USDT because they keep on minting new coins that makes them rich. If there will be new stablecoins to be created it should have a fair distribution just like Bitcoin.

[coaprotet]

USDT is a centralised garbage. They are printing money with 70 percent real buck up, so generally speaking they are printing air. DAI is a decentralised stable coin and represents the best solution among stable coins at the moment.

[passwordnow]

USDT because prices are stable

All stable coins price are stable.  

I don't use stable coins at all however, these are the other popular stable coins in the market's top 100 lately and this list will depend on their ranking as per coinmarketcap.com.

1. Tether (USDT) / Top 4
2. USD Coin (USDC) / Top 24 - made by Coinbase and Circle
3. Paxos Standard (PAX) / Top 30
4. Dai / Top 58
5. Statis Euro (EURS) / Top 92 - backed by Euro

[Ucy]

DIA is a better stablecoin in my opinion. . It is a decentralized stablecoin... am not sure about USDT though. USDT was considered a centralized stablecoin. Maybe they have changed lately to reduce central control. But it all depends on choice. I think majority would prefer to have their fund in established and trusted stablecoins... whether decentralized or not.

[coinary]

All stable coins price are stable.  

I don't use stable coins at all however, these are the other popular stable coins in the market's top 100 lately and this list will depend on their ranking as per coinmarketcap.com.

1. Tether (USDT) / Top 4
2. USD Coin (USDC) / Top 24 - made by Coinbase and Circle
3. Paxos Standard (PAX) / Top 30
4. Dai / Top 58
5. Statis Euro (EURS) / Top 92 - backed by Euro

The first 4 stablecoins are good, Statis doesn't have a good parity with EUR, comparing price with Coinbase the Statis is not 1:1 yet. It's a bit more of one dollar but less of one euro.