Better using DAI or USDT?

[Princejebs]

Cryptocurrency generally is speculative, hence regulation body can do and undo anything with cryptocurrency at any time. I have never hold DAI because of its low liquidity and decrease in volume when compared to USDT that's available at almost all exchanges.
Tether is not fully backed, they also have some bad credit in the past about Usdt audit. However, if you are keeping funds on exchanges in order to reduce volatility, go with USDT.

[sharos]

I haven’t bought DAI in my short cryptocurrency life. I am always hold my crypto asset in USDT. One common reason is, USDT volume is more then DAI. DAI also good but i am filling comfortable in USDT.

[semobo]

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 ahead of USDT in terms of security but you shouldn't hold stable coin for long term, if you want to cashout the profits and will invest them back only after very later period then just go for fiat, it is safer and also you have convenience of using yoir profits for you needs in meanwhile time.

[kevinzxz]

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 personally would prefer USDT, because I always use USDT as a stable coin for trading and until now I have never experienced any problems with USDT, that's why I still use USDT as a stable coin that I trust.

[tvplus006]

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.

To hedge my risks I would choose stable coins backed up by USD rather than ETH and equally  share the chance between such coins like USDT, USDC and IUSD. The latter is a new bonded stablecoin issued by Obyte that can earn interest i.e. IUSD = OUSD +16% where OUSD is stablecoin pegged to $1. Proceed reading  if you are interested.

I like to keep some of my savings in a stablecoin issued by Binance - BUSD. This is due to the fact that this exchange enjoys my trust and, accordingly, I trust its stablecoin. In addition, the BUSD hold allows me to earn passive income, as well as participate in launchpool, which Binance conducts.

[illnino]

Well, DAI is backed by ETH while USDT is by fiat currency, and contrary to popular belief, not just US Dollars. Former is decentralized (harder to track) and latter is centralized (easier).

So both are not foolproof. But if I were you, I'd go for USDT since it's one of the most liquid stablecoins.

USTD can be found at all exchanges. DAI can be not presented. Therefore, there are many variants to make a good deal when you work with Tether. Although it is a stable coin, its capitalization has grown tremendously. All trust it, and you will never lose with it.

[zasad@]

I wonder why no one is outraged by the choices? Why we were offered 2 extremes?
The capitalization of USDT is approaching 17 billion and we continue to blindly believe that everything will be fine. When will it be 30, 40 or 50 billion, will you think so too, or will you start demanding an audit for the company?
I would advise not to pull all the money in one stablecoin, there are other options on the market now.

[Zeehaxan]

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.

If you want complete peace of mind then you can compeltely cashout direct to your bank but you have to pay multiple fee or comissions to do that. So if stablecoin has to be picked then i suggest usdc they are run by top notch team with long history of successful ventures also they are launching usdc on different blockchain networks soon.

[aemma]

I think this depends on the one that is most convenient to you, what I mean is this, considering Ethereum gas fees, cashing out via USDT but through TRC chain would be a better option since there is no transaction fee. However, about the USDT centralized nature, it is actually true that a wallet can be frozen when found wanting but since you said cashing out and not holding then I think USDT is better also, but if it is about holding then the other is better since it is decentralized. In addition, I think the reason why most people uses USDT irrespective of the presence of a central authority is that, it has huge volume and also, the most prominent as well.

[passionplus]

In my opinion Better Using Coin is USDT. Because, most of the exchanges are USDT is Used at Exchange. So USDT is well-known, USDT my Better choose Coin.

[Balladtony77]

It depends, the choice is on the user, if you are the type that want to be untraceable with your fund you should look into DAI because DAI is fully decentralized, the only difference is DAI has lower volume compared to USDT and USDT is centralized, your funds can be traced and seize too, that's if you break some rules

[Balladtony77]

I choose USDT over DAI because of large volume and liquidity on exchanges, the second reason is USDT is well supported, there is no exchange that doesn't support USDT, if you aren't into stealing or robbing people you don't have to worry about USDT, I never have any issue using USDT

[Mdashraf446]

Better coin in my opinion is DAI.  The use of most exchange DAIs has increased many times over.  Besides DAI's Future plan clean,
 So l like DAI.

[dhaldanga]

Most of the cryptocurrency exchanges in the world support USDT,
DAI is not supported at all,
The 24 hour trade volume of the markets is higher from DAI to USDT.
So to me USDT better than DAI

[alisonwonder]

of course USDT has very good support and many have used usdt as trading or other transactions, when using usdt I think I have to remain vigilant because some wallets may still not accept usdt storage.

[BDBitcoinExpart]

Defi's first stable coin Dai. Uniswap exchange has more coin liquidity pool. Most of the trading is with Dai. Dai's price always goes with Usd. Which helps us to manage portfolio.

[SarangWallet]

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.

Every day there is an increase in the number of Tether coins, there is no maximum limit for Tether coins. And the daily trading volume is number one, followed by Bitcoin and Ethereum. Meanwhile, DAI users are lower than USDT.
USDT and DAI have the same function, because they are both stable coins.
When it comes to security, USDT and DAI are also sourced on the same platform, namely Ethereum.
USDT is also on TRC Blockcahin, Omni, Binance Blockchain, it has a dual function compared to DAI.

[bittick]

Doesn't matter which one is better to be honest if your money is not some dirty money. but I'd go with thether just because the significant gap of volume which means more liquidity from tether

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.

I don't think USDT is a good investment. You might aswell invest in USD because it's the same thing as stablecoin. Also to note, stablecoins are owned by private company which is centralized. should consider all the possibilities when something is too centralized.

[Rimon365]

I think USDT is better. Because USDT is stable coin. All exchange support USDT and maximum currency has USDT fair. That's why I choose USDT.

[lixer]

Defi's first stable coin Dai. Uniswap exchange has more coin liquidity pool. Most of the trading is with Dai. Dai's price always goes with Usd. Which helps us to manage portfolio.

Nice information but I still prefer USDT because it has a mammoth market cap and the value always remains the same, I mean there is very few times when the value is below $1 even by 1 cent so it gives me some trust.

Apart from that I know there are other coins like USDC and as mentioned DAI but I don't use them because they are still new and their market cap is not even near the USDT market cap although I know that USDT hardly do any audits and so which makes it vulnerable to a sudden dump but that is not going to happen as such. And then I don't keep much in USDT either so I don't worry about those things much.