Post
Topic
Board Altcoin Discussion
Re: What stable coin are you into?
by
timerland
on 21/03/2022, 19:44:24 UTC
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?.

Probably DAI.

I personally am not comfortable in putting money in any centralized stablecoins on a large scale. Perhaps a few hundred dollars woudl be fine, but definitely nothing major.

DAI on the other hand is over-collateralized with some really high quality collateral and algorithmically controlled, which I think serves a lot better for the process of decentralization of control. But stablecoins in general is not a category of coins where I would put my long term wealth in.