Dai Stablecoin

[mich]

Canadian Bitcoin ATMs Add Support for Buying and Selling of Stablecoins

It’s good news to the crypto community in Canada, as selected Bitcoin ATMs in the country now support buying and selling of stablecoins. Customers in Canada can now deposit and withdraw dollar-pegged stablecoins at Instacoin Crypto ATMs, which is the leading operator in the country.

https://coinspace.com/news/altcoin-news/canadian-bitcoin-atms-add-support-buying-and-selling-stablecoins

[mich]

What is Dai?

DAI is an ERC20 token on the Ethereum blockchain that has a steady value of one US dollar. It is also the key to the MakerDAO lending system.

https://decrypt.co/resources/dai-explained-guide-ethereum-stablecoin

[mich]

Protocol Politicians: A Look at The Future Crypto Politics of MakerDAO & Dai Stablecoin

As the Maker project matures and its Dai stablecoin becomes more popular, the specter of governance in the Maker ecosystem rises accordingly.

https://blockonomi.com/protocol-politicians-makerdao-dai/

[mich]

SpankChain CEO has radical plan for Ethereum stablecoin DAI

Ameen Soleimani says DAI’s centralization is a problem but while he has a solution, he’s not even sure it will work.

https://decrypt.co/18867/spankchain-ceo-has-radical-plan-for-ethereum-stablecoin-dai

[JeotQ]

DAI stable coin is good because its Decentralized, I find  such stablecoins to be better and safer than USDT or USDC but it will be tough to beat USDT because its the most popular and well supported for trading on every single exchanges out there

[Ozero]

The Dai Stablecoin is set at the value of one US Dollar, built on Ethereum and developed by MakerDao team, can be created through depositing Ether into contract-smart and therefore always fully guaranteed. The requirements for stablecoin that allow low risk arbitration between different cryptocurrency exchanges.

I wonder what will be the demand for stable coins of various similar campaigns after most states issue their national stable digital currencies. I think that after this, stable coins of various commercial campaigns will not have a high level of demand, since they will lose to stable coins of states. Confidence in stable state coins should be much higher, because the risk of bankruptcy of commercial campaigns is much higher than any state.

[mich]

As the Old Dai Shuts Down, Maker Must Deal With Centralized Collateral Risk

Maker continues to garner criticism due to its onboarding of centralized collateral.

https://cointelegraph.com/news/as-the-old-dai-shuts-down-maker-must-deal-with-centralized-collateral-risk

[FireBallex]

Dai stable coin becomes my favorite because it's decentralized, also same thing for other decentralized stable coins, they are way better than USDT, though USDT is not bad but when it comes to safety I prefer the decentralized feature in other stablecoins

[Shallow]

I think one of the driving factor of DAI is that it is a decentralized stablecoin, that is to say, people who are totally moved by decentralization will appreciate it more. On the other hand, other stablecoins like USDT tends to have an upper hand especially in the aspect of volume and so on, thus people keep seeing the need to use it (USDT) despite all the news being heard about it. Lastly, I believe it is a matter of time and DAI will start having a huge attention just like that of USDT because it bears the true idea of the blockchain space (that is, decentralization).

[Thomas-s]

Dai stable coin becomes my favorite because it's decentralized, also same thing for other decentralized stable coins, they are way better than USDT, though USDT is not bad but when it comes to safety I prefer the decentralized feature in other stablecoins

What kind of problems did you have with security in USDT? I didn’t hear anyone complaining about security. and even the centralization of this stablecoin does not affect the holders in any way. I did not say that dai is bad but USDT also ok.

[kindbtc]

Not the biggest fan of maker. You should read this article about stablecoins: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#16a8a1c04fc6

My personal favorite is Havven. https://havven.io/

Interesting to read your choice back then, although havven has rebranded into synthetix network now but their products and services are really doing well and in future the potential is even bigger and i think that synthetix has a clear path ahead of them as they are the market leaders in their niche.

[mich]

Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success

The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1.

https://cointelegraph.com/news/dai-supply-hits-new-highs-as-efforts-to-restore-peg-see-limited-success

[Balladtony77]

DAI is a decentralized stable coin and that's what makes it better, a stable coin from MakerDAO team which is already a very popular platform in crypto space, this stable coin is better other because it can't be freeze or locked

[casperBGD]

and now DAI is on syndicate sale on crypto.com, so it will have another impact on demand, which will be pushing DAI above $1 value
https://blog.crypto.com/the-syndicate-to-list-dai/

[Doranile432]

DAI is a reliable Stable coin, better than the centralized stable coins like USDT but USDT is more popular than DAI, still it's not bad at all, binance exchange have listed DAI few days ago and that's good, if you are interested in decentralized coins DAI is best for you

[rz20]

DAI is truly a decentralized coin because of that I really love DAI. DAI had only one limitation that it was not listed on many big name exchanges but listing of DAI on binance changed that. I think the future of DAI is really bright.

[Twinkledoe]

DAI is a reliable Stable coin, better than the centralized stable coins like USDT but USDT is more popular than DAI, still it's not bad at all, binance exchange have listed DAI few days ago and that's good, if you are interested in decentralized coins DAI is best for you

I am not really fan of stablecoins but if you are looking for alt that will not deviate much from how much you bought it in the market, stablecoin is your answer. However, for me, holding this for long term I think is still not advisable. One question that always comes to my mind with stablecoin is that - can they really keep their value no matter what disaster/problem will they have within their organization? What if one of the stakeholders (a big one) of their organization decided to quit and sell his share? Is it going to affect the total performance of the coin in the market?

[BitcoinVN_News]

Vietnam's premier Cryptocurrency Exchange BitcoinVN launching DAI staking vault:

https://bitcoinvn.io/news/dai-staking-vault/