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+--- Thread: which stable coin to keep? (/showthread.php?tid=6227466)
which stable coin to keep? - SIM-3336514 - Nov 13, 2022
as we see many sketchy things & rumors goin on with exchanges , which stable coin are you gonna hold ?
Dai , busd, usdC or what? in which wallet?
RE: which stable coin to keep? - Cooldudex - Nov 13, 2022
DAI or USDC are your best bets in my opinion
RE: which stable coin to keep? - shreder - Nov 13, 2022
DAI over everything else.
RE: which stable coin to keep? - Kitaz - Nov 13, 2022
I use USDC but also BUSD, the way I look at it is if Binance goes then Crypto is over for a very long time, all other crypto would be near worthless. Binance has near 50% of the entire volume out off all the exchanges
RE: which stable coin to keep? - u8898731 - Nov 13, 2022
DAI/BUSD/USDC
I hold within these stables
RE: which stable coin to keep? - 2xTheTap115 - Nov 13, 2022
I kept my virtual funds in BUSD for a long time and I admit that this stable coin has not turned out to be a bad choice in the long run.
RE: which stable coin to keep? - shreder - Nov 13, 2022
As you can see from recent FTX event you should not have BUSD. If you think Binance is invincible you are next for the eventually chopping block.
RE: which stable coin to keep? - SUI-3183372 - Nov 13, 2022
All that matters is proof of reserves. If the stable has a verifiable proof of reserves, you're fine.
DAI > USDC/BUSD > USDT
RE: which stable coin to keep? - SUI-3183372 - Nov 13, 2022
(Nov 13, 2022 02:13 PM)Beau Wrote: Paxos is the custodian and issuer of BUSD. BUSD and USDC are identical. Highly liquid provided in two different blockchains (Ethereum and Binance Smart Chain).
DAI and USDC are the same. Only major difference is that DAI has decentralized governance and partial crypto collaterized reserves.
Most reputable stablecoin issuers with collaterized reserves have an attestation monthly report released by an independent public accounting firm.
I only rank DAI above the other two because there isn't a dude sitting there who can just freeze funds as they feel fit. As you said, decentralized governance.
BUSD and USDC I treat equally due to, again, as you said, reliable monthly reports.
RE: which stable coin to keep? - DashPHP - Nov 14, 2022
I’ve seen a lot of FUD around USDT but for my Brokie ass, USDT or GBP stable coins is what I hold!
RE: which stable coin to keep? - isu - Nov 14, 2022
DAI is the most decentralised. USDT and USDC can be blacklisted at any time.
RE: which stable coin to keep? - nopking - Nov 14, 2022
Upvote anything decentralized..... and long term, gold as your own physical reserve.