Better using DAI or USDT?

[olabiyijummy02]

While both stablecoin fill a similar need, they vary a ton in the manner in which they work and different boundaries like trusted/trustless, mechanization, and so forth Tie has the benefit of being the most seasoned, while DAI has a favorable position of open-source, trusted and decentralized. Tether has counterparty and credit hazard, yet DAI objects to its intricate plan. So you have to assess which one suits your necessities, on the off chance that you are searching for something to shop on Dapps, DAI would be useful, however Tether can be utilized in more exhaustive trades for exchanging

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[disconnectme]

It depends on what you want, both have their advantages and disadvantages, Tether is centralised and the most used Stable coins inthe space and there is reason why USDT is the leading stable coins in the market and as for DAI, it fluctuate alot and the peg could not always be guaranteed because it could easily be gamed but it is a decentralised coin which makes it a good thing for Decentralised space like Crypto

[articlecity]

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.

You have answered the question yourself, the thing is nothing is 100 percent reliable, secure and risk free online same goes for stablecoins. So if you want to convert your coins to stablecoins it does not matter much you convert to usdt or dai because they both look legit to me.

[enhu]

They are stablecoins that is practically the same. I'm using USDT as i have been using for years so it helped me profit from the market just as anyone who trades. The threat I guess is them being centralized.

If thereis an option to hold a digital currency soon, some of us migfht just chose it than these stablecoins. I might just try it like digital dollar or yuan.

[ololajulo]

Except for investment purpose and profit I wont choose new coin with same use over old coins. Trust still matters in the space and Tether has enough to defend its position in this market. Even BUSD cant over-ride Tether in this market, asides the liquidity and volume, it has the largest deperse as stable coin on exchanges in this space.

[StreakW]

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 a token based on ethereum platform so every transaction will use ethereum as fee, and we know ethereum fee is so high.
For USDT you can choose which based on Tron platform so will make every transaction is cheap. So for me, I will choose USDT but based on Tron

Which is safer?? I don't know but my advice if you want to cash out better choose fiat if you are worry about freeze

[btcdie]

it's optional in my opinion and as needed. My advice is not to store stablecoins for too long. USDT is more popular than DAI, but USDT has many cases of freeze. But for ICO / crowdfunding, a project mostly uses the USDT option for funding. You can choose according to your needs at your own risk.

[Shasha80]

Of course I recommend using USDT over DAI, not because USDT is safer than DAI. But because USDT has a very high volume compared
to DAI, and DAI is the most unstable stable coins compared to other stable coins. Since there is no 100% secure in cryptocurrency, be careful
in keeping our money in stable coins. If possible I suggest why not keep your funds in both. At least if one of them is having trouble, won't
get all of your funds in trouble.

[inoes]

Their DAI or USDT carries the same risk. remember! do not keep your assets on a stable coin because the value will not increase. If Tether were to be frozen, there would be news in advance so that the community got ready. In my opinion, DAI or Tether are better off choosing Tether because it is clearly backed up by dollars .

[btc-facebook]

Their DAI or USDT carries the same risk. remember! do not keep your assets on a stable coin because the value will not increase. If Tether were to be frozen, there would be news in advance so that the community got ready. In my opinion, DAI or Tether are better off choosing Tether because it is clearly backed up by dollars .

I think storing assets in Stablecoins will not be a problem even though the price will not increase, because Stablecoins are made to help traders store their assets without having to worry about their value going down due to market conditions being correction.
of course USDT will not be frozen for no apparent reason, as long as you don't make a mistake everything will be safe.

[Dr.Osh]

both of them have different basics. like DAI on ETH and USDT on real money. in this case, I always use USDT if I'm looking for stability. that's because USDT is a really stable coin and has been in use for a long time. its high volume proves that the use of this coin is more widely used than other coins. well, but it's up to you.

[WalkerIVIV]

It looks like that the majority of people have already voted for USDT rather than DAI. Decentralization is something that didn't actually needed by anyone. DAI is a good coin but you must focus to get the stable coin that widely accepted in so many services and platforms. USDT is the best answer for your question and i do agree with people who have voted USDT.
The big volume will not make you to liquidate your USDT anytime.

[zasad@]

Capitalization of USDThere will soon reach 16 billion dollars. I have not seen an audit of this company, but the situation is based on the fact that most of the tokens will be used in trading and will not require a return of fiat money. A new bubble is inflating in the market and it is dangerous to store in this stablecoin in the long term. Also, your tokens can be blocked.

The DAI token cannot be blocked.
The DAI token has open and understandable statistics
https://makerburn.com/#/

The USDT token is much more convenient, because it is traded on every major exchange, and I also use it, but I store non-trading reserves in the DAI token

[manfredmann]

It looks like that the majority of people have already voted for USDT rather than DAI. Decentralization is something that didn't actually needed by anyone. DAI is a good coin but you must focus to get the stable coin that widely accepted in so many services and platforms. USDT is the best answer for your question and i do agree with people who have voted USDT.
The big volume will not make you to liquidate your USDT anytime.

All of the coin has its purpose and all utilization will depend on its purpose. It may be good to use USDT for its stable market price. However, DAI also serve different purpose and that all is very important in cryptocurrency.

In using cryptocurrency, there must be some ways to avoid. In my case using exchange that will required to do KYC.  This is not ideal because in the first place bitcoin was created with anonymity feature and that will not allow anyone to steal your identity and use it illegally.

[bobyhodob]

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.

USDT is only very suitable for stable coins and is very good for long-term investment and has a safe movement, it's just that the profits you get are very long because the price movements are slow and different from other cryptocurrency price movements that always move up and down quickly.

[MCobian]

I am sure most of the members of this forum will prefer to use USDT over DAI, because the popularity and volume of USDT
are still far above DAI. So it's no wonder that more USDT is using it. But that doesn't mean DAI is bad, because I believe that
every coin that is created has its own purpose. I have been using USDT to store the profit I got from trading, so it is not affected
by volatile crypto markets.

[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.

USDT is only very suitable for stable coins and is very good for long-term investment and has a safe movement, it's just that the profits you get are very long because the price movements are slow and different from other cryptocurrency price movements that always move up and down quickly.

What kind of long-term investments in USDT are you talking about if there is almost no volatility in USDT pairs? If you invest $1000 in USDT today, you can return $989-1011 in a year. Add to this the risks of losing money as the Tether protocol is highly centralized and once again ask yourself if you should invest in USDT. 

[trauchot]

I believe that if to choose between these two cryptocurrencies, then it is better to hold your money in USDT, because USDT has much more trust from investors and I myself constantly hold my investments in USDT when the cryptocurrency market starts to fall sharply and I advise you to choose USDT also.

[devil2man]

I believe that the two stable coins are equivalent, on a personal level i prefer to use tether but perhaps more as a matter of habit i know that it is not completely backed not 100% but i do not think it will fail for this, at least not in the immediate, perhaps the value of dai is a little higher

[tvplus006]

both of them have different basics. like DAI on ETH and USDT on real money. in this case, I always use USDT if I'm looking for stability. that's because USDT is a really stable coin and has been in use for a long time. its high volume proves that the use of this coin is more widely used than other coins. well, but it's up to you.

Yes, both of these tokens are based on the Ethereum blockchain, but they have one, but significant difference. DAI is a decentralized token, while USDT is centralized. I think that in this case it would be the right decision to divide your balance between these two coins, which reduces the risk.