What is the best decentralized stablecoin?

[whiteblue]

when talking about stablecoins then my mind is on USDT and BUSD, although these two stablecoins often experience FUD news but it doesn't affect its development, because until now USDT and BUSD are still holding on to crypto, but if you have doubts about the two stablecoins, then DAI is worth it for you to recommend, because it is very decentralized, and until now I haven't heard any FUD news about it,

BUSD has not been in FUD news all this time and is still very much used and used by those who love the BSC network, so you should sort this out in conveying information about all the Stablecoins for now

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[Abiky]

He is asking for decentralized stable coins. USDT is not decentralized by definition. Tether directly issues new USDT coins against USD, which pure decentralized coins do not do. Decentralized stable coins are usually crypto-collateralized what means they are baked by other crypto and particular algorithms try to keep the price stable in all market phases.

Of course. But not many people understand this. They believe everything that's coded on a blockchain network is decentralized, when in fact, it is not. For long, USDT's been freezing accounts due to suspicious activity on the blockchain. This makes it no different than an ordinary bank account. On top of that, the stablecoin is backed by real USD reserves. If the issuer's reserves are depleted, USDT's value will drop significantly.

With decentralized stablecoins like DAI and USDJ, that's another story. These coins are backed by crypto, so it's much harder for them to lose their peg over time. Not only that but there's zero risk of getting your funds frozen by a third party. DAI is the leading decentralized stablecoin on the market, becoming next to Tether (USDT) in terms of liquidity and trading volume. What matters is that you diversify your investment into more than once stablecoin to help protect yourself from the risk of loss. As long as you do that, your financial future will be safe. Just my thoughts

[ArrakeenSun]

Ubisoft has decided to integrate NFT technologies into its new games. Knowing how the market works everything that already uses NFT will rise up, so it’s time to buy SIN tokens by SinCityToken

[K4C]

In the crypto currency market there are huge number of the stable coins but I think busd and usdt is most  used in the crypto currency market. Actually all stable coins are backed by stable price thing for example dollar or gold etc,. So i use busd . Which is my favorite.

[fadil46]

Ubisoft has decided to integrate NFT technologies into its new games. Knowing how the market works everything that already uses NFT will rise up, so it’s time to buy SIN tokens by SinCityToken

But I haven't seen any increase in all NFT tokens now and even the market isn't in a good shape right now, but how can you say it's upside down now ? even though the data is not like that

[sitbang]

it is very safe to hold USDT, USDC or BUSD I know the risks are the same if you hold them, The price levels will not be much different, only equivalent to the US dollar, they have the highest volume of all the coins on the market today, so USDT is a stable coin and safer.

[masterrex]

IMO, I guess DAI is more decentralized compared to other popular stable coins, But honestly speaking I'm only using DAI sometimes, instead, I'm using USDC and BUSD frequently but sometimes also I was using USDT but not for long because I was afraid that USDT might be encountered a problem and lose its value because it is no secret that USDT has a serious accusation when it comes to pegged value.   

[Jose Mourinho]

After I used and kept several stablecoins in crypto space, I think the best stablcoin right now is USDT, apart from having high volume USDT is also very safe to hold even though its value is only equivalent to US dollar, but USDT is very decentralized, although USDT is always rumored with news skewed, but so far I haven't seen any problems with usdt, that's why I really like usdt.

[el kaka22]

I do not even know exactly how they work to be fair. DAI seems to be the one that everyone uses and it is famous for being a stablecoin at the defi space, so I would go with that, I have used it for a small period of time for moving money around but that was about it. I keep telling everyone that we as collective decided that it should worth 1 dollars and that is why it is worth 1 dollars, could you please tell me how if everyone at the same time starts to sell it will not be under 1 dollars?

We all agree that if it is under 1 dollar then there is a way to make money and we can buy and sell at 1 and make that profit and that is why it doesn't go down. By the way this is my questioning, I am not denying the fact that it is 1 dollar, and almost all the time it is at that level, only thing I am shocked about is how people haven't found a way to disrupt that so far.

[magneto]

I probably would go with DAI.

It is pretty much the only viable decentralized stablecoin that has sufficient liquidity and volume for it to be worthwhile to hold.

There also used to be bitUSD under Bitshares but it's honestly dead now, and nobody uses it.

[Amejoaquim]

OUSD have some good features. It is a good substitute for tether. Yields while in the wallet without staking or locking. That passive yielding plan is cool. Interest compounds many times a day and it's cool. You can DYOR.

[Rahman11]

Dai. Dai is probably the most famous decentralized stablecoin. Its value is roughly a dollar and it's accepted widely across dapps.

[barbara44]

Dai. Dai is probably the most famous decentralized stablecoin. Its value is roughly a dollar and it's accepted widely across dapps.

Dai claims themselves as decentralized because they do say that policy changes in Dai ecosystem is possible through voting but I do not believe that only policies and governances alone will define a ecosystem is decentralized or not.

In my opinion, a decentralized system should allow everyone to mint. It is just a basic thing, everyone will expect. It can be POW or POS but everyone able to participate in the supply chain. When supply is in control of devs, and calling it decentralized is not appropriate in my opinion.

[EmmaGod]

There are several decentralized stablecoin in the cryptocurrency market, but the most reliable and trusted is DAI. The token has grown over the years and gained popularity with cryptocurrency enthusiast. I personally would prefer the centralised stable coin because of the fact that it's tradable on almost every cryptocurrency exchange platform.

[zulfi125]

Most of the users in the crypto market using DAI stable coins for decentralized exchanges, so I also suggest DAI is the best stable coin for conversion in the bear market and this is almost available in every decentralized exchange. So this is best-decentralized stablecoin.

[aquafinewater]

Many stablized coin in market but I mostly prefer usdt and busd this is full with security and decentralized DAI is also best but I m using this to 4 year and never face any issue in this

[Rehan Zakir]

All stable coins are best. But usdt and busd are using mostly. The reason is that both coins Blockchains are very fast and secure. And their transaction fees are very low. That's why people's prefer to use these Blockchains then others. Trc20 and bsc chain are very good Blockchains for transactions.

[fullhdpixel]

All stable coins are best. But usdt and busd are using mostly. The reason is that both coins Blockchains are very fast and secure. And their transaction fees are very low. That's why people's prefer to use these Blockchains then others. Trc20 and bsc chain are very good Blockchains for transactions.

They are not decentralized and that seems to be the problem for most people. I mean it is clear that we are not talking about something that controlled by one entity here, it is something that is very dangerous to trust your money with those people.

Yes, Binance is one of the most trusted crypto companies in the world and Tether has been handling that much "cash" very well too, so I would assume that they are doing fine but that doesn't change the fact that fiat is something that could be confiscated in that case how would we get it? What happens if nations or governments they work with decide to confiscate their cash? In that case all those money that we assume backed by those companies would end up being a terrible asset that worths nothing. A simple court order could screw them forever and that's not the type of risk people want to take.

[budlo]

All coins are good but I use USDT and USDC more often because these tokens are on many blockchains. Since I'm a law-abiding citizen these stablecoins are suitable for me these tokens aren't suitable for dark deals because the smart contract has a function to block the movement of a token.
I think in general it's best to use usdp, ust, fei.

[Ozero]

Simple! The answer is DAI, there are few new Decentralized stable coins out there right now but none is more serious with their aims than DAI stable coin and believe me Decentralized stable coins make more sense than centralised stable coins like USDT and others, things are more safer with decentralized projects

The current situation should also be assessed realistically. We are now on the verge of tight government regulation of private and various commercial stablecoins. They will either have to accept these tough regulatory conditions or cease their activities. Decentralized stablecoins will not be able to adapt to new conditions and will disappear or go into the shadows. In any case, I think that they will not exist for long.