Better using DAI or USDT?

[tvplus006]

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.

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[int03h]

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.

[Atang Sulaeman]

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.

[budi691]

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.

[kapalmabur]

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.

[Tipstar]

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.

[bitmover]

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

Good point, but one of reason stable coin is created because USD withdraw/deposit took several days while stable coin usually took minutes to hours (depending on required confirmation and block time)

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.

[ScamViruS]

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.

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.

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.

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.

[Baimovic]

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.

[Moeda]

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.

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.

[Valak]

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.

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.

[Kehindem]

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. 

[masterzino]

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.

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.

[btc-facebook]

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.

[asriloni]

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.

[1kodumtek7]

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.

[Greatdev]

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

[Mandarava]

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.

[SaShiRaJaVu]

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.

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.

[madnessteat]

I think USDT is best all the time when i need to freeze my assets. Do you know usdt very well a stable coin so like my comfort. I could hold usdt very long time if i didn't agree using in any section. At least i use usdt more time when i wanna make trading.

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.