Post
Topic
Board Altcoin Discussion
Re: How to store 1 Million $ to Stable coin
by
tvplus006
on 07/10/2021, 17:56:58 UTC
...DAI, I think DAI is not safe Can lose value 1 day.
So what is your suggestion?
DAI is your best option if you're are too worried about the centralization of other stable coins. I don't think there are better options to be honest. Maybe you should read more about CDP and MakerDAO so you have a better understanding on DAI's sustainability.

Almost each new chain have their own version of stable coin so another option is to explore them.

Yes, indeed, the best way to keep your deposit in a stable coin is to use the decentralized DAI stablecoin. Unlike centralized stablecoins, a decentralized stablecoin is regulated only by a smart contract and does not depend on its issuer, as happens with centralized stablecoins.