The DAI token. It seems very stable vs USD. It is a little like Tether, but on Ethereum. I don't know why and how it keeps a stable value.
https://coinmarketcap.com/currencies/dai/#markets
https://coinmarketcap.com/currencies/dai/#markets
WHY?
If you want stable then stay with US dollar ($), or Euro, or invest in bonds, or gold.
Why waste your money (paying fees) to buy DAI and TETHER??? I can't believe people actually use these. Granted there are few instances where it is convenient but not the way it is used right now. It is CRAZY!
To me, I am in crypto for the gains...if I want to play it "safe" then might as well not be in it.
But that's true at all, without any reserve funds to backed the token and tether will be worthless soon. I was just waiting for the result of an audit from the bitfinex team about that.
But what makes the majority of exchange sites are using USDT instead of use dollar pair directly to the altcoin or crypto itself.
I think that there is a relationship with the regulation.
Why critics about tether buddy, I see that this alone stable when the other coins dumped in the market. I see this alone created in the platform Omni. So we may expect the more value future too. If everything happens opposite like last time we will find your expected same thing you expect.
Stablitity looking on crypto currency is not a right decision. We need you too find the more fluctuation the market when you invest on any coins.
