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What would happen to DAI if Tether collapses?
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Topic: What would happen to DAI if Tether collapses? (Read 175 times)
HardCore12V
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Re: What would happen to DAI if Tether collapses?
July 22, 2021, 05:18:15 PM
#21
Maybe DAI will take over Tether is Tether fails? I don't think so I believe BUSD and USDC will take the lead, decentralized stable coins looks less weaker in their decentralized form and can't be compare to centralised stable coins, all countries money are central banks certified that's why Centralised stable coins fits better
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Re: What would happen to DAI if Tether collapses?
July 23, 2021, 05:26:32 PM
#22
Personally, I can hardly imagine such a scenario, but even if it happens, why should we keep the same for DAI?
DAI was created just for such a case, as well as other stablecoins, so that we would have a choice.
The question is how quickly and at what price it will be possible to convert.
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