Which stablecoin is better?

[Dolphin Team]

Hi!

Surely, many people keep their savings in cryptocurrency, or rather in stablecoins.
As far as we know, the most popular is the USDT token, which is pegged to the US dollar.

What do you think? Which stablecoin is more reliable or USDT is enough? If USDT is enough, what is the best network to store funds in?

[rsot]

I kind of doubt "many people"...but interesting discussion to follow

[degsey69]

I think that after recent events of fraud in the cryptocurrency market that a monitory product which is not protected by governments and a recession I would not invest in it now in any shape or form, although I have in the past and profited by it.

[Dolphin Team]

Originally Posted by rsot

I kind of doubt "many people"...but interesting discussion to follow

A lot of people actually use it

[Dolphin Team]

Originally Posted by degsey69

I think that after recent events of fraud in the cryptocurrency market that a monitory product which is not protected by governments and a recession I would not invest in it now in any shape or form, although I have in the past and profited by it.

What scam are you talking about? Please tell us more. Please note that I am talking about holding funds, not investing.

[fokbay]

Originally Posted by Dolphin Team

Hi!

Surely, many people keep their savings in cryptocurrency, or rather in stablecoins.
As far as we know, the most popular is the USDT token, which is pegged to the US dollar.

What do you think? Which stablecoin is more reliable or USDT is enough? If USDT is enough, what is the best network to store funds in?

USDT is better now. And you can exchange it or withdraw on many exchanges.

[JamesNorth101]

Originally Posted by Dolphin Team

Hi!

Surely, many people keep their savings in cryptocurrency, or rather in stablecoins.
As far as we know, the most popular is the USDT token, which is pegged to the US dollar.

What do you think? Which stablecoin is more reliable or USDT is enough? If USDT is enough, what is the best network to store funds in?

USTD is what I use - downside is there is not going to be any upswing in value

[@NasterXchange]

for me too, USDT is the way to go! ;-)

[SaiJin]

Originally Posted by JamesNorth101

USTD is what I use - downside is there is not going to be any upswing in value

you mean USD T?

[rsot]

Originally Posted by JamesNorth101

USTD is what I use - downside is there is not going to be any upswing in value

1 to 1 on conversion eh

[SaiJin]

USDT for sure.

I'll mainly use it just to buy BTC, it's easier to do so as well than using cash

[0nelove]

Yea usdt seems to be the safest,
PayPal is supposed to be coming out with a stable coin lol
That's how I know crypto will be fire upcoming bull run '24
Every halving btc gets more stable so that'll be nice.

[unkown5454]

"stable" is a façade

Tether prints like the fed

[Occult]

Originally Posted by Dolphin Team

Hi!

Surely, many people keep their savings in cryptocurrency, or rather in stablecoins.
As far as we know, the most popular is the USDT token, which is pegged to the US dollar.

What do you think? Which stablecoin is more reliable or USDT is enough? If USDT is enough, what is the best network to store funds in?

DAI Token is the ONE TRUE reliable stable coin. At any point in time, without reason, your USDT or USDC can be frozen. DAI is not like that. Still on the ERC20 Chain, and just as good.

[yobar]

I use USDT, I think it is the most reliable for me.
Although you should always keep in mind that the problem is sometimes not the stable currency, in general it is the exchanger that goes bankrupt or closes

[agent006140]

what about that Korean guy with his stable coins.they found him in some Eastern European country?

[rsot]

Originally Posted by agent006140

what about that Korean guy with his stable coins.they found him in some Eastern European country?

http://www.nytimes.com/2023/03/24/bu...form-labs.html