What Is the Best Stable Coin for Saving?

[Eles101]

Hi everyone, hope you are having a good day. I have a few questions regarding stable coins, I've made some gains in this crypto bull market and wanted to save some of these gains in the form of stable coins and also save some of my income in these coins since they give higher interest rates than a regular bank. I will use something like AAVE or Blockfi to get interest on these dollar begged coins but I'm clueless as to which one should I go for? USDC seems to be a great option but a few questions come to mind:
-are there any decentralized stable coins that are superior to USDC?
-is DAI better than USDC since it's more decentralized?
-How would the price and performance of ETH affect something like DAI(since it's coming from Maker)?
-Are there other decentralized Stable coins that are better than DAI?
-Are there any projects coming in the future that I should keep an eye on that might have something that is better that USDC,TUSD,DAI, etc.

[1714888949]

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[1714888949]

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[1714888949]

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[Hamphser]

Read up these threads and you will able to answer up your own question.If its really worth to save up using stable coin.
https://bitcointalk.org/index.php?topic=5209788.20
https://bitcointalk.org/index.php?topic=5310019.0
https://bitcointalk.org/index.php?topic=5124151.40

[Willitivity]

I do not know much about this DAI since I only used it once or twice on Curve.finance. The one I've used often is USDT. I know it's heavily Fudded in the community due to Bitfinix shady operations for some years now but it gets the job done for me. USDC is also another good option or if you prefer binance projects, you can use BUSD stablecoin. Binance will be around for a long time so their stable coin should be too. For the last question, I think the only upcoming stable coin project is Facebook libra for now.

[lobo13hf]

-are there any decentralized stable coins that are superior to USDC?

It should be DAI

-is DAI better than USDC since it's more decentralized?

Yes it is and as far as i know that if USDC is not decentralized stable coin dude.

-How would the price and performance of ETH affect something like DAI(since it's coming from Maker)?

I don't even see if ethereum was affecting dai and the price of dai is quite stable right now.

-Are there other decentralized Stable coins that are better than DAI?

Dai should be the best stable coin ATM

-Are there any projects coming in the future that I should keep an eye on that might have something that is better that USDC,TUSD,DAI, etc.

Im not sure about these because there were no differences between all of them. That means they were working in the same thing.

[Bitstar_coin]

Stable Coin is stable coin because none will add extra value to your assets only just to preserve the value so why looking for who is better, I think rather you look for who is more secured that will stick around for long, usdt seem to be the most used but with many fud surrounding it,
I sometimes use Busd  and to me seem more secure, and as for Dai i have never use it, I only stick to the ones I have used, but the choice is yours.

[GWS My Boy]

of course many choose USDT to save assets because this stable coin is a coin that is already popular in the eyes of crypto users many advantages
one of them is a transaction tool low fee fast network and has multiple platforms, I always save my assets to USDT when bear season comes

[Bttzed03]

~ many advantages one of them is a transaction tool low fee fast network

I would agree on low fees if it's the TRC-20 version but the erc-20 USDT is another matter. We all know the congestion and the high fees over the ethereum network. I'd prefer BUSD when we're talking about fast and cheap.

[semobo]

AFAIK, DAI can be better stable coin for long term storage since it is backed by ethereum but not sure do we have any platform for staking DAI and get interest like USDT on Blockfi like platforms and also gs fee can be a problem with ethereum network.

It seems usage of BUSD is getting increased due to the Binance reputation so you can consider them too but its not decentralized.

[bitcon]

Binance is promising, so people are now showing interest and confidence in this exchange. We all see the BNB coin growing and I am sure that the BUSD stable token will also be popular. The BUSD token is the fruit of the work of two large companies Paxos and Binance, which are trying to provide maximum consumer protection. BUSD is fully backed by the dollar, the coin collateral is in the American banks of the insurance companies. The coin is reliable and of high quality, you can use it without fear of losing your deposits.

[CryptoATM]

I use USDT more than DAI and I don't care about been decentralized or not, USDT serves it's purpose well just like DAI would but USDT have more volumes and liquidity than others and it's also well paired to other coins on top exchanges

[carelessboy]

I use USDT more than DAI and I don't care about been decentralized or not, USDT serves it's purpose well just like DAI would but USDT have more volumes and liquidity than others and it's also well paired to other coins on top exchanges

yes .you are right my friend .agree with you. looks it usdt and DIA are stable coin in market. and for saving you can use usdt and DIA . and you can also buy and trading many altcoin and bitcoin with this pair.

[DarkIT]

In your list Eth, TUSD are the potential one from my knowledge.Other are not a potential one as like this two coin.Not only the listing make the coin a potential one. The flow of that coin among the traders and investors show it as a potential one. From My knowledge USDT is better to hold for as long as your want.

[blockman]

DAI is a decentralized stable coin and is really backed up on the MKR platform. If you want to use it, use it. Most of them are just the same but I'll be careful with USDT. Other choices like BUSD and USDC, they're fine for me.

[jerry0]

Isn't it still


USDT

USDC


In this Order?

[makishart]

Isn't it still


USDT

USDC


In this Order?

It is but the problem is people were seeing USDT and USDC as centralized coins. That's why people will always suggest DAI as the best stable coin that can't be frozen by the issuer.
Im thinking about as long as the wallet will not be used for the criminal act and it's quite impossible for tether to freeze our money.
This is only the main concern but so far both were good

[isaac_clarke22]

Some say that DAI is the one that cannot be frozen but you should check that out first, OP. I would still suggest USDT in the end, because it's what most reasonably suggest but I still highly suggest searching for the first one that I mentioned though.

[doomloop]

Stable Coin is stable coin because none will add extra value to your assets only just to preserve the value so why looking for who is better, I think rather you look for who is more secured that will stick around for long, usdt seem to be the most used but with many fud surrounding it,
I sometimes use Busd  and to me seem more secure, and as for Dai i have never use it, I only stick to the ones I have used, but the choice is yours.

A lot of people just want to save their profits in stable coins so that they can buy BTC when they wish so it is a real concern which stable coin one should use in current time when tether is facing so much heat and there isn't any good decentralized stable coin apart from DAI.

of course many choose USDT to save assets because this stable coin is a coin that is already popular in the eyes of crypto users many advantages one of them is a transaction tool low fee fast network and has multiple platforms, I always save my assets to USDT when bear season comes

Yes, that's the only option right now but the problem is that Tether controls everything you hold and they can dump the market if they wish, I don't think they will or should but risk is always there.

I would agree on low fees if it's the TRC-20 version but the erc-20 USDT is another matter. We all know the congestion and the high fees over the ethereum network. I'd prefer BUSD when we're talking about fast and cheap.

I don't think fees is playing into anyone's mind when we are looking to save money for future and only have to spend the transaction fees once when saving and again when withdrawing.

[SistaFista]

Actually, stable coins are not very profiting if you just keep them.
But some exchanges have passive income program, which requires the users to deposit and lock their stable coins.
Most of that exchanges accept USDT, so USDT i think is the best stable coin for saving and we can get a good and stable Annual income from it.

[senyorito123]

Actually, stable coins are not very profiting if you just keep them.
But some exchanges have passive income program, which requires the users to deposit and lock their stable coins.
Most of that exchanges accept USDT, so USDT i think is the best stable coin for saving and we can get a good and stable Annual income from it.

You have point, but I guess gaining profit is up to you how and when you keep it, is it when the value is low, middle or high, both ways can gain profit. Talking about best stable coin, as What I see there are lots of best coin, one of them are ethereum, USDT and many more. The best coin is up to you to choose because you can see how demand it in crypto market.

[TastyChillySauce00]

USDC is really good considering they are partnering with visa, although you may use these stablecoins just for staking but it's really no harm to choose stablecoins that could bring more features. Not to mention there's rumour going around that visa may launch USDC credit card but we don't know whether that rumour holds the truth.