stablecoins

[Damiennotheavy]

are there any particular recommendations about which Stablecoin is preferable to use when needing to jump of a coin,or would Tether still be considered  Safe ,thanks  

[1714045937]

1714045937

[1714045937]

1714045937

[mk4]

I would stay away from Tether(USDT) the most, due to it being very shady overall.

Personally, I favor DAI(an ERC20 token) over all the stablecoins, due to it being decentralized(compared to the other alternatives, at least). Though unfortunately DAI doesn't currently have much trading pairs, and is only currently supported on a few exchanges. Though I'll admit, it's quite complex hence I haven't understood the DAI stablecoin completely yet; currently still working on it, but it's still a lot more promising compared to the other stablecoins in my opinion.

If you want to read more about it: https://makerdao.com/whitepaper

EDIT(for clarification): If it seems like I'm shilling a certain token, I'm not. Just trying to answer OP's question with my opinion.

[Pursuer]

I'm afraid Tether is the only viable choice despite being a shady and high risk coin. other alternatives are either shadier or they are too small so they lack liquidity and in some cases even stability.
any trader is already facing a lot of risks with exchanges they are using so you have to ask yourself whether this additional risk is tolerable by  you. sometimes it depends on how much you are going to sell for these stable coins, sometimes it is the question of how long are you going to keep that coin. for instance you may want to escape a dump that is happening in one  day. sometimes you want to transfer money between exchanges. in these cases it is ok to use it.

[bitmover]

I'm afraid Tether is the only viable choice despite being a shady and high risk coin. other alternatives are either shadier or they are too small so they lack liquidity and in some cases even stability.

I don't think they are shady.
Usdc is related to Goldman Sachs, which is more reliable than bitfinex's teher.

I believe that the more stable coins, the better. Diversification is key, as if one has any problem, the others are ok

[mk4]

I'm afraid Tether is the only viable choice despite being a shady and high risk coin. other alternatives are either shadier or they are too small so they lack liquidity and in some cases even stability.

I don't think they are shady.
Usdc is related to Goldman Sachs, which is more reliable than bitfinex's teher.

I believe that the more stable coins, the better. Diversification is key, as if one has any problem, the others are ok

How so? Tether is the shadiest among the well known stablecoins in my opinion. I've been convinced by the articles I've read about tether in the past. I would really prefer using USDC and GUSD as I would have more confidence of them being actually backed by real dollars.

I also believe that the more stable coins, the better. Even though new scam coins/tokens might arise. Tether had monopoly over the stablecoin markets for so long; they definitely need competition. Hopefully the others catch up.

[Brawnsugar]

I would stay away from Tether(USDT) the most, due to it being very shady overall.

Personally, I favor DAI(an ERC20 token) over all the stablecoins, due to it being decentralized(compared to the other alternatives, at least). Though unfortunately DAI doesn't currently have much trading pairs, and is only currently supported on a few exchanges. Though I'll admit, it's quite complex hence I haven't understood the DAI stablecoin completely yet; currently still working on it, but it's still a lot more promising compared to the other stablecoins in my opinion.

If you want to read more about it: https://makerdao.com/whitepaper

EDIT(for clarification): If it seems like I'm shilling a certain token, I'm not. Just trying to answer OP's question with my opinion.

DAI as decentralized as it is does not have much trading pairs and isn't currently traded on a lot of exchanges. USDT is still most favourite stablecoin at the money in addition to TUSD

[TwSeventh]

I'm afraid Tether is the only viable choice despite being a shady and high risk coin. other alternatives are either shadier or they are too small so they lack liquidity and in some cases even stability.

I don't think they are shady.
Usdc is related to Goldman Sachs, which is more reliable than bitfinex's teher.

I believe that the more stable coins, the better. Diversification is key, as if one has any problem, the others are ok

How so? Tether is the shadiest among the well known stablecoins in my opinion. I've been convinced by the articles I've read about tether in the past. I would really prefer using USDC and GUSD as I would have more confidence of them being actually backed by real dollars.

I also believe that the more stable coins, the better. Even though new scam coins/tokens might arise. Tether had monopoly over the stablecoin markets for so long; they definitely need competition. Hopefully the others catch up.

Completely true, i just remembered when they got hacked for more than $30+ Millions a few months ago and to clear this mess up they were printing a lot of money or around $50 Millions based on the source that i got back then.
how come, it was not the most shadiest 'stablecoin' among them. it was like a joke for me, they just printed that much of money to 'restore' their stolen money.

[mk4]

I would stay away from Tether(USDT) the most, due to it being very shady overall.

Personally, I favor DAI(an ERC20 token) over all the stablecoins, due to it being decentralized(compared to the other alternatives, at least). Though unfortunately DAI doesn't currently have much trading pairs, and is only currently supported on a few exchanges. Though I'll admit, it's quite complex hence I haven't understood the DAI stablecoin completely yet; currently still working on it, but it's still a lot more promising compared to the other stablecoins in my opinion.

If you want to read more about it: https://makerdao.com/whitepaper

EDIT(for clarification): If it seems like I'm shilling a certain token, I'm not. Just trying to answer OP's question with my opinion.

DAI as decentralized as it is does not have much trading pairs and isn't currently traded on a lot of exchanges. USDT is still most favourite stablecoin at the money in addition to TUSD

Yes. It does have low volume and is only trading on a few exchanges, but that will most likely change in the feature if the MakerDAO team gets in contact with bigger exchanges. But yea, USDT definitely still on the lead even though it's shady as hell.

[suzanne5223]

are there any particular recommendations about which Stablecoin is preferable to use when needing to jump of a coin,or would Tether still be considered  Safe ,thanks  

Tether is a good stablecoin cause it led the part for others but i dont think tether is to be consider as a safe stable coin this days because it seems to be having problem of price manipulation lately and the most use stablecoins of this days are TUSD and DAI.

[riskyron]

would Tether still be considered  Safe

I think Tether will considered not only safe but the most reliable of the stable coins. It has been proving it for a long time.
There are many rumors going around these are only rumors, if anyone had some hard evidence, we would already have known.

[3acaga]

are there any particular recommendations about which Stablecoin is preferable to use when needing to jump of a coin,or would Tether still be considered  Safe ,thanks  

I would use only a real fiat dollar in your place. On some exchanges such as BITTREX, you can already trade freely on the BTC/USD pair.