Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?
DAI is the best of them all but in terms of fees, we know that DAI is an erc20 token which means in runs on the Ethereum network, and we all also know that fees on Ethereum network right now are crazily high, this automatically disqualified DAI.
BUSD is binance usd, this is also good but I wouldnt trust any stable coin coming from binance as we all know the the platform is highly centralized though the fees are very low when compared to other stable coins like DIA and erc20 USDT.
My suggestion is that if fees is not a major concern, then go with DAI as it is the best and most decentralized stable coin in crypto, but in a situation where fees is highly crucial, then I suggest you for with TRC20 USDT, this is USDT on tron network, tron blockchain have done alot of improvement lately and the USDT issued on Tron network is already very popular as it is one of the most used in exchanges now due it its extremely low fees, so better to go with TRC20 USDT instead of the ERC20 version.