Stablecoin Talk: DAI vs USDT vs USDC vs TUSD

[filipwx]

Hi
let us talk about stable coins.

We know already that many of these can be freezed without prior notice. See this



Only DAI seems to be unfreezable at the moment, but at the same time, it seems to lack in liquidity. Does it makes sense to keep DAI?

USDC is controlled by Coinbase & Circle, and they clearly stated on their website, hat they can freeze accounts. Should we trust this?

USDT with the most liquidity on the market is also freezable.

This article describes how a large amount of USDT has been frozen:
https://eng.ambcrypto.com/usdt-frozen-on-bitcoin-ethereum-totals-to-41-million-report/

In order to remain compliant with regulators, many stablecoin issuers have introduced blacklists so that they can freeze the stablecoins held by specific addresses. While this is useful in the case of hacks, it essentially means placing trust in the issuer “to not act maliciously”

However, it seems that Tether has not (yet?) configured any blacklisting capabilities for USD on Liquid. I think the Liquid network is still in early-stages to say more about this. But L-BTC and L-USDT could bring some boost I think! Also as far as I know, you can't save for now your L-USDT on wallet, the point "centralization" is again in the middle....

[1714721752]

1714721752

[Coin_trader]

If you plan to hold stable coin in longer timeframe let's say a month or year. Just choose stable coin that has a proven liquidity and running for a long period of time. I'm not pointing out USDT(Tether) since there are too many shady things about it together with Bitfinex so stay away with it.

I really don't to give a specific coin on this kind of discussion because it might affect others investment strategy. But I'm really impressed on PAX and the way they handle there development. You don't need to be concerned wether they will freeze someday since it was completely regulated and the team behind it was trusted.

PS: This is not a financial advice and all I stated is just my opinion. I will not be eligible in case you suffer losses when you follow what I write above. Trade Safe

[filipwx]

If you plan to hold stable coin in longer timeframe let's say a month or year. Just choose stable coin that has a proven liquidity and running for a long period of time. I'm not pointing out USDT(Tether) since there are too many shady things about it together with Bitfinex so stay away with it.

I really don't to give a specific coin on this kind of discussion because it might affect others investment strategy. But I'm really impressed on PAX and the way they handle there development. You don't need to be concerned wether they will freeze someday since it was completely regulated and the team behind it was trusted.

PS: This is not a financial advice and all I stated is just my opinion. I will not be eligible in case you suffer losses when you follow what I write above. Trade Safe

well, PAX just like the other are also regulated.
But we know already that they enabled some backdoors to freeze and seize addresses:
https://bitcoinexchangeguide.com/pax-stablecoin-law-enforcement-backdoor-allows-freezing-and-seizing-cryptos/
But of course, PAY in an option to consider.

[gaston castano]

If you plan to hold stable coin in longer timeframe let's say a month or year. Just choose stable coin that has a proven liquidity and running for a long period of time. I'm not pointing out USDT(Tether) since there are too many shady things about it together with Bitfinex so stay away with it.

I really don't to give a specific coin on this kind of discussion because it might affect others investment strategy. But I'm really impressed on PAX and the way they handle there development. You don't need to be concerned wether they will freeze someday since it was completely regulated and the team behind it was trusted.

PS: This is not a financial advice and all I stated is just my opinion. I will not be eligible in case you suffer losses when you follow what I write above. Trade Safe

I think that among all of them the USDT is the biggest stable currency, so it will be safer to save money on the USDT, although there are still many doubts, but people still trade, even if the value keeps increasing.
this is just my personal opinion.

[Kvalentine]

If you have to use or keep stable coins I suggest decentralized stable coins like DAI but USDT is not bad at all it's just that I don't like anything centralized entity

[filipwx]

If you have to use or keep stable coins I suggest decentralized stable coins like DAI but USDT is not bad at all it's just that I don't like anything centralized entity

well, DAI seems to be a good option, however they seem to have liquidity issues, meaning you could run into issues trying to exchange it back to other ALTs..
Despite all the bad news about USDT, we can see a daily trade volume in billion $ here..