What stable coin are you into?

[Davian144]

I often use centralized local exchanges, one of which is the Tokocrypto exchange, so I prefer to use the stable coin BUSD over DAI because BUSD makes it easier for me when I want to convert it into fiat money and by using BUSD I don't incur large transaction fees when I want to make transactions to other exchanges like with the Binance exchange.

Transactions from the tokocrypto exchange to the Binance exchange are also read as internal transactions so the fees will obviously be less and faster too and this can be considered a very good stablecoin choice, as it is not only easy for users, but also accessible to everyone because of the fees which is very cheap.

[Mauser]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

Both of the coin want to track a stable value of the USD. Like you said one decentralised and the other one not. I don't own any of these two, the only stable coin I invested in the past is USDT. It's the biggest stable coin, for me it gives some additional security for being the market leader. Usually I prefer decentralised systems , but when it comes to stable coins centralisation might be better. So if I had to choose one of the two coins I would probably go with Busd, as it's also regulated by the government.

[el kaka22]

I like BUSD. It is supported by Binance and they have enough money to cover their BUSD two times over, which is why it looks like the most secure version right now. I believe that there is a good case to be made for it to go above USDT in the future as well.

People have been picking other stuff like BUSD or USDC over USDT recently and that is mainly because people like to prefer the ones that are backed by bigger companies. Tether is nothing, Bitfinex is nothing as well, whereas Coinbase and Binance are huge companies and that is why I believe that their stablecoin would be better in the future as well.

[TastyChillySauce00]

My first choice will be BUSD, it's not caused by how decentralized the network used by BUSD but i still prefer to pick the stable coin or token based on what company behind the token. Whether the company can be trusted or not?So far binance was the biggest exchange site in the world and it has so many proper assets build on its ecosystem. Im not feeling worry to hodl BUSD for now. It's caused by i will try to always believe and use the stable tokens that issued by the most reputable party in the cryptocurrency.

[tvplus006]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

It is the decentralization of DAI that is the main difference from the centralized BUSD, all other differences are insignificant. You should understand that your savings stored in centralized stablecoins may cease to be yours under certain circumstances.

[zasad@]

I always tried to use DAI and other stablecoins (USDT, USDC) and exchanged for TerraUSD (UST)
https://www.coingecko.com/en/coins/terra-usd
This is another large decentralized stablecoin that is not subject to blocking.

Cross-chain Bridge Aggregators
https://bitcointalk.org/index.php?topic=5389259

[GreatArkansas]

For me, I am more into USDT, USDC. Especially on the Solana ecosystem, I am more exposed to USDC, on other chains, USDT.
Especially on some exchanges, USDT is more popular.

There are already a lot of stablecoins right now, I am also introduced to new stablecoin on the Luna ecosystem, which is UST.

[BioFrog]

Between the two i also prefer busd which has much more capitalization and lower fees in transfers, but my absolute favorite stable is usdt on blockchain tron ​​where the fees are really low

[kojektea]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

I don't understand why DAI is less attractive even though the concept is very interesting because the decentralization of the coin is stable.
But, because so far I myself use USDT more often than DAI.
The reason is that USDT is quite popular and the high level of public trust makes me believe in USDT.
In addition, USDT has a diverse network that is different from DAI which is only on the ERC20 network.

[Davian144]

the same thing I did, busd became an option to accommodate our assets on stable coins. on the other hand busd is under the largest exchange, so it is reliable to be an option. but I myself actually trust usdt more as a stable coin, because usdt has the largest market cap between the two, so in general more people place their assets here

Actually both are good to choose because each has certain advantages such as BUSD which is almost free when sent to the BSC wallet or the Binance exchange because it is considered an internal transaction between the BSC network and this is certainly different from USDT which may have to provide a little transaction fees to send it to a specific wallet with a specific network.

[marcous]

I have never used the DAI stablecoin. The DAI stablecoin runs on the Ethereum ERC-20 network, the fees will be expensive of course. That's why I never use DAI, I prefer to use BUSD or USDT which tends to cost less in every transaction.

Looks like you don't know DAI very well because at this point there are already many networks for DAI besides ERC-20 and you can immediately check coinmarketcap to see them though I will give a little screenshot of this which I took from coinmarketcap as well.

^{Image Source: https://coinmarketcap.com/currencies/multi-collateral-dai/}

[lombok]

I have never used the DAI stablecoin. The DAI stablecoin runs on the Ethereum ERC-20 network, the fees will be expensive of course. That's why I never use DAI, I prefer to use BUSD or USDT which tends to cost less in every transaction.

Looks like you don't know DAI very well because at this point there are already many networks for DAI besides ERC-20 and you can immediately check coinmarketcap to see them though I will give a little screenshot of this which I took from coinmarketcap as well.

^{Image Source: https://coinmarketcap.com/currencies/multi-collateral-dai/}

That's right @marcous, I've never used DAI and I didn't find out more about DAI. I only know information that I read before when the DAI stablecoin appeared, that DAI uses the ERC-20 network and does not update new information regarding it. Thank you for providing useful information.

But I'm already comfortable using BUSD and USDT. Pairs in trading also mostly use USDT and BUSD than DAI pairs, which are still few pairs of choices in trading.

[kaya11]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

I would prefer to use a centralized one, I have bad experiences about the decentralized one, but this is just the time when I transact small amount of money. Anyways I could not hide my identity, because of AML protocols so the thing is even I want a decentralized coin, my options are limited. So I will just go for a centralized stable coin. These days you can't really do what you want because of these regulations. Not unless my country fully accepts crypto payments and disregard the use of fiat, but that won't be happening so I will just try to live with it.

[asyakashi]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

Both are equally stable coins, sometimes I am confused about how the benefits of the two differ because they are both shown to be stable coins.
But, if asked which one is the best, I will choose USDT because so far USDT is the most popular and trustworthy one.
I know DAI is good and the system is also decentralized, the problem is that DAI is less popular in my opinion, I don't know for sure what the reason is, but maybe DAI can be an alternative if USDT is in trouble.

[pawanjain]

Even I wanted to know which stable coin people are using these days. It seems BUSD is in the limelight here.
So far people have been using USDT but since the recent allegations against it many have turned to USDC.
Since many people here are binance users they tend to use BUSD. Can someone tell me what are the benefits of using BUSD over USDC.

[lenovop-70]

I prefer BUSD, it is more stable because the amount of liquidity is higher than DAI, also the fee from BUSD is cheaper, most markets also have a pair for BUSD, so yes I like BUSD as my capital for daily buying-selling in the market.
So as long as it's centralized, BUSD is still my favourite.

[YuleDoris]

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[mzuhry19]

Of course among that I chose BUSD, because I use BUSD more often than DAI and I know that many projects accept BUSD payers instead of DAI, that's why I prefer BUSD

[Tahsin Kabir Kollol]

Since I use Binance Exchanger, so I use Busd stable coins. Moreover, in comparison, there are many advantages of using Busd as compared to DAI.  BUSD has a high volume and cheap transaction fees. DAI transactions fee, on the other hand, are relatively high. However, both stable currencies have their own characteristics and advantages to their users.

[jaberwock]

I have never used the DAI stablecoin. The DAI stablecoin runs on the Ethereum ERC-20 network, the fees will be expensive of course. That's why I never use DAI, I prefer to use BUSD or USDT which tends to cost less in every transaction.

But, I think usdt tether is also an erc20? BUSD is from the makers of binance so no doubt that the fees of this coin are cheap compare to other stable coins. I haven't tried to use dai yet but I am seeing a great demand for this coin.

Even if the fees in eth is still high, there are still lots of people that did not care but they still use ethereum products including usdt and the eth coin itself. I think all of those users are rich and they think that when someone sees them using an expensive coin, it makes them more proud to themselves to think they are too powerful (rich). Dai is decentralized but nowadays people didn't really care about it. Most people now use centralized services, from exchanges to cryptos.