Topic: What is the best decentralized stablecoin? (Read 1030 times)
I really like the atmosphere on the forum and what kind of verbal battles are taking place here. But for me it’s completely strange why people are silent about such a project as Xfinite ?
Simple! The answer is DAI, there are few new Decentralized stable coins out there right now but none is more serious with their aims than DAI stable coin and believe me Decentralized stable coins make more sense than centralised stable coins like USDT and others, things are more safer with decentralized projects
The current situation should also be assessed realistically. We are now on the verge of tight government regulation of private and various commercial stablecoins. They will either have to accept these tough regulatory conditions or cease their activities. Decentralized stablecoins will not be able to adapt to new conditions and will disappear or go into the shadows. In any case, I think that they will not exist for long.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
USDC is pretty cool but Binance pegged USDC is not available everywhere though.
I've already set aside money for the Phaver TGE, so now I just have to wait a bit. Crypto for activity in social networks! I couldn't let a chance like this slip away because of some unanticipated hassle.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
In the cryptocurrency market there are huge number of the stable coins but I think busd and usdt is most used in the crypto currency market. Actually all stable coins are backed by stable price thing for example dollar or gold etc,. So i use busd . Which is my favorite.
My investment in Manufactory was the stylish decision I made in a long time. I am sure my investment will pay off.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
when talking about stablecoins then my mind is on USDT and BUSD, although these two stablecoins often experience FUD news but it doesn't affect its development, because until now USDT and BUSD are still holding on to crypto, but if you have doubts about the two stablecoins, then DAI is worth it for you to recommend, because it is very decentralized, and until now I haven't heard any FUD news about it,
I heard that Steam is gonna allow the sale of crypto games. To be honest, I don't know whether it’s true or not, but I think it can boost the capitalization of P2E projects like ManuFactory, or something else that offers really interesting gameplay.
I can only give you a hint by using the name of the project - NeonLink. Then try to figure it out yourself. I am sure that you have not been banned from Google and you will succeed.
Stable coins are the important part of the crypto life which are keep you safe form the volatility. There are some stable coins in circulation today which are structurally very strong. In this case DAI, USDT and now I think BUSD are safer if you purchase one of these three.
I don't agree with you a little bit. The fact is that centralized stablecoins also lose their tether, but for some reason they don't talk about it much. But when it comes to algorithmic or decentralized stablecoins, people immediately remember their ability to lose tethering. All stablecoins lose their tether. Look at how the biggest stablecoins have felling in their time, and you will see that all stablecoins are at risk of losing their tether.
Of course. No one said stablecoins are risk-free. Every investment does come with its risks. But I believe centralized stablecoins are a much safer bet than decentralized ones, simply because they're regulatory-compliant (some of them, not all). That means the issuer is required by law to maintain the peg or face serious consequences in the long run. This brings investor protection, not seen in decentralized stablecoins like DAI or USDJ.
It's the wild west in the decentralized world of stablecoins, so I'd advise anyone to proceed with caution. I think what happened with UST will force developers to improve algorithmic stablecoins for the better. There will always be "hiccups" along the road. What's important is to keep moving forward in order to make our world a better place. Who knows if decentralized stablecoins become so good that they'll rival centralized stablecoins in the future? Just my thoughts
The problem with decentralized stablecoin is the more complicated mechanism of securing and securing smart contracts, and the problem with centralized stablecoin is that they are not backed by fiat as they should be, meaning that at one moment they cannot back every token with a dollar because there simply are not that many dollars in a bank account physically. It's no secret that most of the USDT and USDC are backed by securities and debt, so if there is a big stream of coin withdrawals, they will lose their bind very quickly.
But based on the above, despite the disadvantages, it is safer to store in centralized stablecoins, because they have fewer vulnerabilities.
I don't agree with you a little bit. The fact is that centralized stablecoins also lose their tether, but for some reason they don't talk about it much. But when it comes to algorithmic or decentralized stablecoins, people immediately remember their ability to lose tethering. All stablecoins lose their tether. Look at how the biggest stablecoins have felling in their time, and you will see that all stablecoins are at risk of losing their tether.
Of course. No one said stablecoins are risk-free. Every investment does come with its risks. But I believe centralized stablecoins are a much safer bet than decentralized ones, simply because they're regulatory-compliant (some of them, not all). That means the issuer is required by law to maintain the peg or face serious consequences in the long run. This brings investor protection, not seen in decentralized stablecoins like DAI or USDJ.
It's the wild west in the decentralized world of stablecoins, so I'd advise anyone to proceed with caution. I think what happened with UST will force developers to improve algorithmic stablecoins for the better. There will always be "hiccups" along the road. What's important is to keep moving forward in order to make our world a better place. Who knows if decentralized stablecoins become so good that they'll rival centralized stablecoins in the future? Just my thoughts
With what happened with UST lately, I'd steer clear from decentralized stablecoins as much as possible. Their inability to remain "pegged" to the USD, greatly defeats their purpose. Unless developers and the community improve the algorithms supporting the peg, people will continue to use centralized stablecoins like USDT and USDC to protect themselves from market volatility. So far, it seems that DAI is the best decentralized stablecoin in the world. But it's not immune from losing its peg sometime in the future.
At least, we have a wide variety of decentralized stablecoins to choose from. Ultimately, crypto's all about utility. As long as it works as intended, nothing else matters. Just my thoughts
At least, we have a wide variety of decentralized stablecoins to choose from. Ultimately, crypto's all about utility. As long as it works as intended, nothing else matters. Just my thoughts
I don't agree with you a little bit. The fact is that centralized stablecoins also lose their tether, but for some reason they don't talk about it much. But when it comes to algorithmic or decentralized stablecoins, people immediately remember their ability to lose tethering. All stablecoins lose their tether. Look at how the biggest stablecoins have felling in their time, and you will see that all stablecoins are at risk of losing their tether.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
It depends on you, the value of your trust, when you believe more in fiat money then that's best for you, but if you ask which stablecoin is best for you besides your dollar bill, USDT and BUSD are more appropriate for you, and that's it. for myself, to maintain my financial balance.
DAI stable coin stands out due to the technology behind it. DAI features an unprecedented degree of decentralization. While stablecoins like tether (USDT) offer a cryptocurrency backed by a reserve of fiat assets managed by a central organization, no one entity controls the issuance of DAI. Instead, users looking to hold DAI submit Ethereum-based assets into a smart contract that uses them as collateral in maintaining DAI’s peg to the U.S. dollar.
In addition, unlike most stable coins, which are collateralized against a single fiat currency or cryptocurrency, DAI can use different cryptocurrencies as collateral: ether (ETH), basic attention token (BAT), USD Coin (USDC), wrapped bitcoin (wBTC), compound (COMP), and many more. The increased number of collateralizable currencies diminishes user risk and increases DAI’s price stability.
The above attributes makes DAI stand out among other stable coins.
In addition, unlike most stable coins, which are collateralized against a single fiat currency or cryptocurrency, DAI can use different cryptocurrencies as collateral: ether (ETH), basic attention token (BAT), USD Coin (USDC), wrapped bitcoin (wBTC), compound (COMP), and many more. The increased number of collateralizable currencies diminishes user risk and increases DAI’s price stability.
The above attributes makes DAI stand out among other stable coins.
There's a complete manipulation that has happened to the current hot stable coin in the market, UST. It's no longer pegged to a dollar and many have lost a lot of money on it because of anchor/staking. DAI is still the best option if you're going to put your profits in a stable coin because it's a lowkey stablecoin and what matters most is that it is decentralized. I won't mention any other stable coin because you will really never know if the same thing can happen to them.
With what happened with UST lately, I'd steer clear from decentralized stablecoins as much as possible. Their inability to remain "pegged" to the USD, greatly defeats their purpose. Unless developers and the community improve the algorithms supporting the peg, people will continue to use centralized stablecoins like USDT and USDC to protect themselves from market volatility. So far, it seems that DAI is the best decentralized stablecoin in the world. But it's not immune from losing its peg sometime in the future.
At least, we have a wide variety of decentralized stablecoins to choose from. Ultimately, crypto's all about utility. As long as it works as intended, nothing else matters. Just my thoughts
Centralized stable coins are truly not trustworthy but we really don't have lots of options in this space. It will be very difficult to find a decentralized stable coin aside DAI. my suggestion is for you to go through the centralized stable coins and choose the best for you that's if and only of you are not making use of DAI
There's a complete manipulation that has happened to the current hot stable coin in the market, UST. It's no longer pegged to a dollar and many have lost a lot of money on it because of anchor/staking. DAI is still the best option if you're going to put your profits in a stable coin because it's a lowkey stablecoin and what matters most is that it is decentralized. I won't mention any other stable coin because you will really never know if the same thing can happen to them.
Centralized stable coins are truly not trustworthy but we really don't have lots of options in this space. It will be very difficult to find a decentralized stable coin aside DAI. my suggestion is for you to go through the centralized stable coins and choose the best for you that's if and only of you are not making use of DAI
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I think that one of the best stablecoins to hold on a cold wallet is DAI created on the Ethereum platform. DAI was created as an alternative to the already existing stablecoins, due to the lack of trust in them. DAI differs from centralized stablecoins in that it is provided by freezing ETH tokens in a smart contract at the current rate. The rate of the DAI itself is always kept +- at the level of $1 - this is ensured by special mechanisms.
Why are people so scared of centralised stable coins? Decentralized projects are as dangerous as centralised projects, even with decentralized projects the team can walk away without any law looking into them unlike centralised projects, USDT had issues years back and the law was after them later things went straight again.
Dai is the most usable and famous Decentralized Stable coin, it value is same to as of Dollar. But the big issue is price volatility which become high volatile when ETH price decreases, to maintain the Dai price they had to burn some ( according to my knowledge). Well a new alternative coin i have been checking, which is metacoin, As Metacoin is made after the Dai therefore all the error and emissions and problems has been eliminated in Metacoin,
Note: I am not advertising either Dai or Meta, I am just answering to your question, This post is only for education purpose. Thanks
Note: I am not advertising either Dai or Meta, I am just answering to your question, This post is only for education purpose. Thanks
USDC is pretty cool but Binance pegged USDC is not available everywhere though.
Cross-chain Bridge Aggregatorshttps://bitcointalksearch.org/topic/cross-chain-bridge-aggregators-5389259
I advise you to learn how to use Cross-chain Bridge Aggregators. You can store your savings in secure decentralized stablecoins and exchange them for USDC or USDT at any time on any blockchain. Test Rango.
If best stablecoin is based on usage I think it will have to go to tether (USDT) the centralized one which stands to be the undisputed despite it having some shoddy background which I think many of us have forgotten about...But in the line of decentralized stablecoins no name comes close to DAI but is Bianance USD a dex or cex stablecoin??
If we talk about the safest stable coin then go for DAI because this one is a decentralized stable coin, this is only I know a decentralized coin. I don't think if there is another decentralized stable coins in the market. USDT and BUSD are good stable coins but I don't think if these two are very risky to store your funds in the long run, they were exists for many years and not having any problem especially USDT.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
So far I still believe in USDT (from any network) I think they are one company with various networks they provide.
I also think USDT is different from USDC or BUSD , USDT is much more reliable not just centralized to regulate how the coin is stable I believe they also have large backups of real assets so their value tends to be stable in large values and they can still maintain that stay safe till now.
USDC is pretty cool but Binance pegged USDC is not available everywhere though.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
So far I hold the USDT still in good condition. because besides the value is the same as the usd currency, usdt is also an effective way to save the assets that we have because the value is not too fluactive
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
All stablecoins that are backed by gold or dollars, are centralised, as they need a company that will hold this collateral. Decentralised stablecoins will be either without any collateral or will be backed by crypto. The most trustless and decentralised stablecoins are certainly algorithmic stablecoins that are regulated by arbitrageurs, but I can't recommend you any of them, as they are still not very reliable. So the best choice for you will be DAI I think.
Even professional traders have trouble searching for a good project to invest in. So I think I just have to share my findings with you. Bondex looks like something that will really blow the market in the near future
I think Dai is probably the most famous decentralized stablecoin.
DAI is used on decentralized exchanges and by designed with its collateral, it is the safest decentralized stable coin
I am not an expert in cryptocurrency in general, but the little time I have spent and the little experience I have, I get to know that USDT is the best decentralized stable coin I have seen, although other stable coins like BUSD, are also very stable and all are good, but I think Usdt is the best stable coin.
They are not decentralized and that seems to be the problem for most people. I mean it is clear that we are not talking about something that controlled by one entity here, it is something that is very dangerous to trust your money with those people.
Yes, Binance is one of the most trusted crypto companies in the world and Tether has been handling that much "cash" very well too, so I would assume that they are doing fine but that doesn't change the fact that fiat is something that could be confiscated in that case how would we get it? What happens if nations or governments they work with decide to confiscate their cash? In that case all those money that we assume backed by those companies would end up being a terrible asset that worths nothing. A simple court order could screw them forever and that's not the type of risk people want to take.
Yes, Binance is one of the most trusted crypto companies in the world and Tether has been handling that much "cash" very well too, so I would assume that they are doing fine but that doesn't change the fact that fiat is something that could be confiscated in that case how would we get it? What happens if nations or governments they work with decide to confiscate their cash? In that case all those money that we assume backed by those companies would end up being a terrible asset that worths nothing. A simple court order could screw them forever and that's not the type of risk people want to take.
It's hard to believe a stablecoin is "decentralized" when it's pegged to traditional Fiat. By linking a cryptocurrency to the value of the US Dollar, you create nothing more than another banking system. Trusting any stablecoin would mean trusting banks with your money. Crypto was created as an alternative to the banking system, so stablecoins go against what was established in the first place. While DAI is often proclaimed as "decentralized", it's still linked to the value of Fiat. If banks collapse, then DAI will go all the way down the drain. I'd suggest anyone to look for the best decentralized cryptocurrency instead, to avoid many headaches in the future. Just my opinion
I don't think there is a decentralized stable coin yet, we only use the central one. Like BUSD, USDC, USDT. So far, I think with a central system it can prevent money laundering or illegal transactions here. What makes it difficult for you with a central stable system of coins
Of course there would be no decentralized stablecoin and this is totally opposing on where these stable coins been created which is pegged on fiat value itself which its understandable on which side it do stands.Why would people been looking for something like this which is is already considerable or understandable that stable coins would never been a decentralized one.
Deal better with other cryptos and we know on whats the true benefit or usage of these stable coins specially on avoiding yourself with volatility.
The up and rising Star TAG coin
In this case i say that anyone who hold there money in the form of stable coin normally many coins are available in the market BUSD USDN USDT and more another matic ect so in my suggestion is that the USDT is a very strong coin and many less chance they down there price so any one hold there money in the stable coin according to my advice they are use a USDT.
I don't think there is a decentralized stable coin yet, we only use the central one. Like BUSD, USDC, USDT. So far, I think with a central system it can prevent money laundering or illegal transactions here. What makes it difficult for you with a central stable system of coins
I’d recommend USDC over USDT just because there’s so much controversy that USDT called fall. I also use USDC.e and USDT.e when making trades on AVAX, that way I can easily transfer the stables back into ETH or AVAX when the time comes
DAI is the best decentralized stable coin anyone can invest a huge amount money and start earning something good in the future. It hard this coin to fail their customers in this season of celebration because over some years many customers have been giving a good testimony of DAI investment and how they started with a little capital to become a successful investors today in the community. Many bitcoin investors are now seeing the DAI as the stable coin that has a lot to deliver to their customers before the end of this year 2021. Bitcoin is preparing to take back it position to become the best stable coin it was since the beginning of this year.
All three coins like USDT, USDC or BUSD, they are dollar backed stablecoins, they need a company that will hold this collateral. Decentralized stablecoins are neither secure nor supported by cryptocurrencies. But DAI coin is different from them, DAI is only made for crypto community who care about decentralization and privacy value.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I mostly use USDC stable coin for my trading and deposit/withdrawal transactions because I think it is the best stable coin created on ERC-20 and backed by !:! bases by Fiat currency. The USDC Coin is the second largest stable coin by market capitalization, sitting in the 32nd position overall.
It’s not too surprising that since its launch in September 2018 it has grown so quickly since it was created by the Centre Consortium, which is a collaboration between Coinbase and Circle Internet Financial.
https://www.coinbureau.com/analysis/best-stablecoins/
Simple! The answer is DAI, there are few new Decentralized stable coins out there right now but none is more serious with their aims than DAI stable coin and believe me Decentralized stable coins make more sense than centralised stable coins like USDT and others, things are more safer with decentralized projects
The current situation should also be assessed realistically. We are now on the verge of tight government regulation of private and various commercial stablecoins. They will either have to accept these tough regulatory conditions or cease their activities. Decentralized stablecoins will not be able to adapt to new conditions and will disappear or go into the shadows. In any case, I think that they will not exist for long. 
All coins are good but I use USDT and USDC more often because these tokens are on many blockchains. Since I'm a law-abiding citizen these stablecoins are suitable for me these tokens aren't suitable for dark deals because the smart contract has a function to block the movement of a token.
I think in general it's best to use usdp, ust, fei.
I think in general it's best to use usdp, ust, fei.
All stable coins are best. But usdt and busd are using mostly. The reason is that both coins Blockchains are very fast and secure. And their transaction fees are very low. That's why people's prefer to use these Blockchains then others. Trc20 and bsc chain are very good Blockchains for transactions.
They are not decentralized and that seems to be the problem for most people. I mean it is clear that we are not talking about something that controlled by one entity here, it is something that is very dangerous to trust your money with those people.Yes, Binance is one of the most trusted crypto companies in the world and Tether has been handling that much "cash" very well too, so I would assume that they are doing fine but that doesn't change the fact that fiat is something that could be confiscated in that case how would we get it? What happens if nations or governments they work with decide to confiscate their cash? In that case all those money that we assume backed by those companies would end up being a terrible asset that worths nothing. A simple court order could screw them forever and that's not the type of risk people want to take.
All stable coins are best. But usdt and busd are using mostly. The reason is that both coins Blockchains are very fast and secure. And their transaction fees are very low. That's why people's prefer to use these Blockchains then others. Trc20 and bsc chain are very good Blockchains for transactions.
Many stablized coin in market but I mostly prefer usdt and busd this is full with security and decentralized DAI is also best but I m using this to 4 year and never face any issue in this
Most of the users in the crypto market using DAI stable coins for decentralized exchanges, so I also suggest DAI is the best stable coin for conversion in the bear market and this is almost available in every decentralized exchange. So this is best-decentralized stablecoin.
There are several decentralized stablecoin in the cryptocurrency market, but the most reliable and trusted is DAI. The token has grown over the years and gained popularity with cryptocurrency enthusiast. I personally would prefer the centralised stable coin because of the fact that it's tradable on almost every cryptocurrency exchange platform.
Dai. Dai is probably the most famous decentralized stablecoin. Its value is roughly a dollar and it's accepted widely across dapps.
Dai claims themselves as decentralized because they do say that policy changes in Dai ecosystem is possible through voting but I do not believe that only policies and governances alone will define a ecosystem is decentralized or not.In my opinion, a decentralized system should allow everyone to mint. It is just a basic thing, everyone will expect. It can be POW or POS but everyone able to participate in the supply chain. When supply is in control of devs, and calling it decentralized is not appropriate in my opinion.
Dai. Dai is probably the most famous decentralized stablecoin. Its value is roughly a dollar and it's accepted widely across dapps.
OUSD have some good features. It is a good substitute for tether. Yields while in the wallet without staking or locking. That passive yielding plan is cool. Interest compounds many times a day and it's cool. You can DYOR.
I probably would go with DAI.
It is pretty much the only viable decentralized stablecoin that has sufficient liquidity and volume for it to be worthwhile to hold.
There also used to be bitUSD under Bitshares but it's honestly dead now, and nobody uses it.
It is pretty much the only viable decentralized stablecoin that has sufficient liquidity and volume for it to be worthwhile to hold.
There also used to be bitUSD under Bitshares but it's honestly dead now, and nobody uses it.
I do not even know exactly how they work to be fair. DAI seems to be the one that everyone uses and it is famous for being a stablecoin at the defi space, so I would go with that, I have used it for a small period of time for moving money around but that was about it. I keep telling everyone that we as collective decided that it should worth 1 dollars and that is why it is worth 1 dollars, could you please tell me how if everyone at the same time starts to sell it will not be under 1 dollars?
We all agree that if it is under 1 dollar then there is a way to make money and we can buy and sell at 1 and make that profit and that is why it doesn't go down. By the way this is my questioning, I am not denying the fact that it is 1 dollar, and almost all the time it is at that level, only thing I am shocked about is how people haven't found a way to disrupt that so far.
We all agree that if it is under 1 dollar then there is a way to make money and we can buy and sell at 1 and make that profit and that is why it doesn't go down. By the way this is my questioning, I am not denying the fact that it is 1 dollar, and almost all the time it is at that level, only thing I am shocked about is how people haven't found a way to disrupt that so far.
After I used and kept several stablecoins in crypto space, I think the best stablcoin right now is USDT, apart from having high volume USDT is also very safe to hold even though its value is only equivalent to US dollar, but USDT is very decentralized, although USDT is always rumored with news skewed, but so far I haven't seen any problems with usdt, that's why I really like usdt.
IMO, I guess DAI is more decentralized compared to other popular stable coins, But honestly speaking I'm only using DAI sometimes, instead, I'm using USDC and BUSD frequently but sometimes also I was using USDT but not for long because I was afraid that USDT might be encountered a problem and lose its value because it is no secret that USDT has a serious accusation when it comes to pegged value.
it is very safe to hold USDT, USDC or BUSD I know the risks are the same if you hold them, The price levels will not be much different, only equivalent to the US dollar, they have the highest volume of all the coins on the market today, so USDT is a stable coin and safer.
Ubisoft has decided to integrate NFT technologies into its new games. Knowing how the market works everything that already uses NFT will rise up, so it’s time to buy SIN tokens by SinCityToken
But I haven't seen any increase in all NFT tokens now and even the market isn't in a good shape right now, but how can you say it's upside down now ? even though the data is not like that
In the crypto currency market there are huge number of the stable coins but I think busd and usdt is most used in the crypto currency market. Actually all stable coins are backed by stable price thing for example dollar or gold etc,. So i use busd . Which is my favorite.
Ubisoft has decided to integrate NFT technologies into its new games. Knowing how the market works everything that already uses NFT will rise up, so it’s time to buy SIN tokens by SinCityToken
He is asking for decentralized stable coins. USDT is not decentralized by definition. Tether directly issues new USDT coins against USD, which pure decentralized coins do not do. Decentralized stable coins are usually crypto-collateralized what means they are baked by other crypto and particular algorithms try to keep the price stable in all market phases.
Of course. But not many people understand this. They believe everything that's coded on a blockchain network is decentralized, when in fact, it is not. For long, USDT's been freezing accounts due to suspicious activity on the blockchain. This makes it no different than an ordinary bank account. On top of that, the stablecoin is backed by real USD reserves. If the issuer's reserves are depleted, USDT's value will drop significantly.
With decentralized stablecoins like DAI and USDJ, that's another story. These coins are backed by crypto, so it's much harder for them to lose their peg over time. Not only that but there's zero risk of getting your funds frozen by a third party. DAI is the leading decentralized stablecoin on the market, becoming next to Tether (USDT) in terms of liquidity and trading volume. What matters is that you diversify your investment into more than once stablecoin to help protect yourself from the risk of loss. As long as you do that, your financial future will be safe. Just my thoughts
when talking about stablecoins then my mind is on USDT and BUSD, although these two stablecoins often experience FUD news but it doesn't affect its development, because until now USDT and BUSD are still holding on to crypto, but if you have doubts about the two stablecoins, then DAI is worth it for you to recommend, because it is very decentralized, and until now I haven't heard any FUD news about it,
BUSD has not been in FUD news all this time and is still very much used and used by those who love the BSC network, so you should sort this out in conveying information about all the Stablecoins for now 
Almost the same, I also use BUSD and USDT very often now and never think about the FUD made by many people for USDT because as long as I am still very safe to use it, then I will never care about any FUD especially if the effect is very small.
He is asking for decentralized stable coins. USDT is not decentralized by definition. Tether directly issues new USDT coins against USD, which pure decentralized coins do not do. Decentralized stable coins are usually crypto-collateralized what means they are baked by other crypto and particular algorithms try to keep the price stable in all market phases.
when talking about stablecoins then my mind is on USDT and BUSD, although these two stablecoins often experience FUD news but it doesn't affect its development, because until now USDT and BUSD are still holding on to crypto, but if you have doubts about the two stablecoins, then DAI is worth it for you to recommend, because it is very decentralized, and until now I haven't heard any FUD news about it,
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I don't see any problem holding these 3 stablecoins. It still serves their purpose of having a 1:1 ratio to dollar. However, I think I understand that these stablecoins are centralised one and if hacked, it could affect your investments. So, I think DAI is the one for you bud. It offers decentralisation for your coins and is not controlled by anyone but its DAO. 
If you are not comfortable with USDT because of the FUD news then DAI is your choice, this is only decentralized stable coin that I know.. I don't think BUSD is also having a problem but I don't hear any negative news about BUSD since it was created.
USDT has never had any influence on the FUD news and so far it is still very good to use, but for other options such as BUSD it is also very good because doing transactions on the BSC network for BUSD does not incur any fees now There is no special choice among decentralized stablecoins. And such a best decentralized stablecoin is DAI, whose capitalization is second only to USDT, USDC and BUSD. Undoubtedly, all those who do not accept centralization in cryptocurrency use this decentralized stablecoin.
DAI is undoubtedly the best decentralized stablecoin in the world. That's because it's has the most liquidity and mainstream acceptance compared to other stablecoins of its kind. Other decentralized stablecoins like USDJ and Neutrino USD are being traded on the market, but they're not as popular as DAI is. At least, they're an option for those looking into true financial freedom. Things would've been worse if centralized stablecoins were the only ones in existence. As long as people have a choice, nothing else matters. Just my opinion
...What are the decentralized stablecoins can everyone of you recommend?
There is no special choice among decentralized stablecoins. And such a best decentralized stablecoin is DAI, whose capitalization is second only to USDT, USDC and BUSD. Undoubtedly, all those who do not accept centralization in cryptocurrency use this decentralized stablecoin.
Any reason why you are not feel safe if holding USDT, USDC or BUSD ? i think it's just the same risk if you're holding the decentralized one too. The price won't be so different, it's just based on US dollars, and it think USDT has the biggest trading volume of all crypto right now which means it's the safest in my opinion.
The problem is not about the difference in price, it is about having a truly decentralized stablecoin to store your asset, all centralized stablecoins like usdt have some risk using them since they are centralized and the owners have a big advantage over the project, already usdt have some controversy surrounding it, better he looks for a good alternative now.
I think DAI.
DAI was created by Makerdao.
The makerdao system is known to have an extensive audit system and research that can help ensure strong platform security.
By using mathematical analysis, the developer team was officially able to verify all Smart Contract and underlying protocol mechanisms that formed the internal system structure.
DAI was created by Makerdao.
The makerdao system is known to have an extensive audit system and research that can help ensure strong platform security.
By using mathematical analysis, the developer team was officially able to verify all Smart Contract and underlying protocol mechanisms that formed the internal system structure.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
why be afraid to hold USDT, USDC? although stable coins are not decentralized,
stable coins such as USDT, BUSD or USDC have become stable coins that are very safe and popular,
I guarantee you will not lose your money in your wallet, just keep it in a decentralized wallet because it is safer than centralized
So far I hold the USDT still in good condition. because besides the value is the same as the usd currency, usdt is also an effective way to save the assets that we have because the value is not too fluactive
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
Starting Nov. 18 you might want to add Haven's private algorithmic stablecoin xUSD to your list.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I think you can trust DAI as a really decentralized stable coin. Of course, no proven reason against usdt yet! But, if you believe in news, choose DAI.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
The best decentralized stablecoin is DAI. There's no need to look elsewhere. The stablecoin has a large liquidity and a wide number of projects supporting it every step of the way. Despite the numerous benefits surrounding DAI, not many merchants and businesses accept it as payment method. The number of exchanges trading DAI are a lot smaller than those trading centralized stablecoins like USDT and USDC. With centralized stablecoins, the peg is determined by real world assets (mainly Fiat) stored in the issuer's bank account. But in the case of decentralized stablecoins, everything is governed by algorithms. Crypto collateral is used to help maintain a decentralized stablecoin's peg relative to Fiat (USD). I'd prefer a decentralized stablecoin to store my money long term than a centralized stablecoin just because the risk of loss is minimal.
Ultimately, you decide which stablecoin to use among many of them trading on the market. As long as you diversify your investment into more than one stablecoin, you'll have nothing to worry about. Just my thoughts
I think DAI, there are few new Decentralized stable coins out there right now but none is more serious with their aims than DAI stable coin and believe me Decentralized stable coins make more sense than centralized stable coins like USDT and others, things are more safer with decentralized projects.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
Obviously there will be a lot of argument which one is better, but I believe DAI is the first one that got some attention and I believe that one is better. The sad thing is I still do not know neither centralized nor decentralized one really works. I mean centralized one is told to me like we buy the USDT and tether holds that much dollars in their bank accounts however not like we are getting it back neither?In the end, we trade it between each other and I give it to you and you give it to me and Tether company is not giving any fiat to anyone in return anyway, so they may have zero and it wouldn't really bother them since nobody asks them to actually back it. If it is like that on centralized, then how is it really in decentralized version? How do we decided that 1 DAI worths 1 dollar? It is really a big situation for me that I do not fully understand.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I personally use USDN and EURN (decentralized Neutrino stable coins on the Waves platform).
I felt the same way as you two years ago, increasingly worried about using centralized stable coins. In my search I came across USDN, which I have been using for about two years now and am very satisfied. In addition, there were also some crashes and highs during this time and the coin has always proven its stability. Another positive point, you can stake USDN and EURN for 10+% per anno at the moment. So its a good way to park money for some time.
If you want a project with a working product then take a look at Nftyplay and buy $POLO. You can create images, videos, and NFTs while earning rewards. Everything else is speculation.
Is there no better suggestion than that ? because when it comes to making Videos, everyone can make it very happily for the various Platforms that he likes and that he is good at, but if for the advice you say this I see is really very bad garbage because it ignores BTC, ETH and BNB which always has bullish potential in the market. 
If you want a project with a working product then take a look at Nftyplay and buy $POLO. You can create images, videos, and NFTs while earning rewards. Everything else is speculation.
The extent to which Nftyplay and $POLO projects work and can generate real income, is not all current forms of nft are speculation, nft is like the hype that many people talk about, this program is only temporary there is no long-term guarantee, so far whether the two programs can be trusted will have a good impact in the future or this program is the same as the speculation you passed on to other nft.
@tbct_mt2. Agreed! It also it appears that DAI is not as safe as the replies in this thread are saying because to get DAI, it must be collaterized by cryptocurrencies. This is very dangerous during a very big market dump which might cause a bank run, I reckon. Similar to what happened to IRON?
It appears DAI is considered the safest choice and the most popular to hold hehe. In any case, I am becoming more uncomfortable with tether USDT when the amount I hold becomes larger. We can never be too certain when the peg will break.
To get the safest allocation for your capital in stable coin, you can decentralize it into some stablecoins. We can not control what will happen with any stable coin so decentralization is the best.Allocation biggest part for a best stable coin in your own perspective, and smaller parts for good or acceptable stable coins. Store your capital in a single stable coin is not good and it is risky.
It appears DAI is considered the safest choice and the most popular to hold hehe. In any case, I am becoming more uncomfortable with tether USDT when the amount I hold becomes larger. We can never be too certain when the peg will break.
Tether Has Loaned $1B to Celsius Network: Report
Celsius Network CEO Alex Mashinsky said the company pays an interest rate of 5%-6% to Tether, Bloomberg reported Thursday as part of an investigation into the stablecoin provider’s reserves.
The investigation found that Tether had loaned billions of dollars to crypto companies using bitcoin as collateral.
Source https://www.coindesk.com/business/2021/10/07/tether-has-lent-1b-to-celsius-network-report/
Also, it is speculated that Tether might have given failing Chinese property developers billions in loans which the property developers cannot pay anymore.
Tether Has Loaned $1B to Celsius Network: Report
Celsius Network CEO Alex Mashinsky said the company pays an interest rate of 5%-6% to Tether, Bloomberg reported Thursday as part of an investigation into the stablecoin provider’s reserves.
The investigation found that Tether had loaned billions of dollars to crypto companies using bitcoin as collateral.
Source https://www.coindesk.com/business/2021/10/07/tether-has-lent-1b-to-celsius-network-report/
Also, it is speculated that Tether might have given failing Chinese property developers billions in loans which the property developers cannot pay anymore.
Why are people so scared of centralised stable coins? Decentralized projects are as dangerous as centralised projects, even with decentralized projects the team can walk away without any law looking into them unlike centralised projects, USDT had issues years back and the law was after them later things went straight again
That’s right, in preparing for a bear market, it is better to sell off different risky altcoins and accumulate stable coins so as to buy more mainstream currencies in a dip. Actually, the most popular decentralised stable coin is certainly DAI that is backed by other cryptocurrencies. Although 40% of them are centralised, but there is a package of them which decreases risks a little bit.
Collecting stablecoins is actually safer than trying to buy coins whose movements are not clear, and this is done when market conditions are down, stablecoins need to be controlled, even though centralized and backed by cryptocurrencies, if these conditions are not able to provide benefits for everyone who makes purchases, then the impact the risk posed in a bear market will be a problem for people who are unable to get out of that position.
If you are farming for stablecoins I would suggest DAI and USDN but in reality there is little to no money to be made in the stablecoin industry because of its very low volatility rate. That's just everything there is to it. You can't expect a bonsai plant to grow big-ass branches by the time it reaches adulthood so unless you're farming or staking stablecoins, you wouldn't get much from it. Low risk low reward per se. So you're better off investing on other cryptocurrencies on the market with higher growth potential and at the end of the day cheaper and much more profitable ventures than getting yourself stuck on stablecoins.
Why don't you feel safe against USDT, USDC or BUSD. Isn't the value of some of these stablecoins already pegged at the same ratio to their original value. I don't use any other stablecoin apart from USDT. because I always use USDT when the market is not good. maybe other friends have recommendations about stablecoins for you other than USDT, USDC or BUSD.
Tether is a bit speculative now although I personally use it for everything that I need stablecoins for. It's just something that I wouldn't put my money on for a long time because of the fact that it's speculative asset, that's just it. At the end of the day to each his own and I found success putting my money on DAI and USDN so I may have some bias over the two aforementioned cryptocurrencies. USDT for me is good for quick transactions and not really something that is good to keep the value of your wealth in check. To each his own altogether I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
That’s right, in preparing for a bear market, it is better to sell off different risky altcoins and accumulate stable coins so as to buy more mainstream currencies in a dip. Actually, the most popular decentralised stable coin is certainly DAI that is backed by other cryptocurrencies. Although 40% of them are centralised, but there is a package of them which decreases risks a little bit.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I guess there is no purely decentralized stablecoin is available in the market. The only stablecoin which is being called as decentralized is DAI but I am not ready to accept its decentralization. Because, in my opinion a decentralized thing should not be controlled and should be able to mine but this way I am not ready to accept DAI is decentralized one. Moreover, in some sense, a stablecoin cannot be a decentralized one.I remember someone conducted a naming contest in our services board for a mineable (POS algorithm) stablecoin but I am not sure about its launch and any other details.
I am also in plan to sell 1 BTC by end of this year and to hold fiats to buy back BTC by end of 2022. I am a fully KYC cleared user in my local exchange hence I may sell my BTC for fiats and I guess my local exchange will keep functioning without any hacking/bankruptcy problems.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
BUSD, USDT, USDC are more reliable because all they are made for is to support FIAT in a digital form, FIAT isn't decentralized that's why I don't give decentralized stable coins any face but some said DAI is the best though I just prefer USDT due to more exposure
Why don't you feel safe against USDT, USDC or BUSD. Isn't the value of some of these stablecoins already pegged at the same ratio to their original value. I don't use any other stablecoin apart from USDT. because I always use USDT when the market is not good. maybe other friends have recommendations about stablecoins for you other than USDT, USDC or BUSD.
I am using DAI.
Acala.network project will soon have a new stablecoin in the polcadot ecosystem
https://acala.network/
How this stablecoin will work can be seen in the Karura ecosystem
https://acala.network/karura
"multi-collateralized stablecoin backed by cross-chain assets (kUSD)"
Acala.network project will soon have a new stablecoin in the polcadot ecosystem
https://acala.network/
How this stablecoin will work can be seen in the Karura ecosystem
https://acala.network/karura
"multi-collateralized stablecoin backed by cross-chain assets (kUSD)"
DAI is the best decentralized stablecoin to date. no stablecoin is more shareable than this coin. other stablecoins are too centralized and that is bad for the crypto market. but DAIs are different, they are made for the crypto community that cares about decentralization and privacy values.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
Of the many decentralized Stablecoins I know of only Dai and Paxof AFAIK, both are the most decentralized of most, stablecoins are designed to stabilize cryptocurrencies, stablecoins are backed by multiple reserve assets, thus forming one part of a growing ecosystem, but currently not many people who knows what stablecoins are, their functions and how they work, given that many things in them are not completely and clearly decentralized. 
Must also prepare because SEC is about to regulate issuer of stablecoins, the headline that I saw was that Biden admin weighing bank-like regulation for stablecoin issuers
It's time to know whether the government can actaully subpoena DAI issuer and regulate them just as how they could subpoena USDC and USDT issuers. Can the government do that to MakerDAO (Rune Christensen)?
It's time to know whether the government can actaully subpoena DAI issuer and regulate them just as how they could subpoena USDC and USDT issuers. Can the government do that to MakerDAO (Rune Christensen)?
Simple! The answer is DAI, there are few new Decentralized stable coins out there right now but none is more serious with their aims than DAI stable coin and believe me Decentralized stable coins make more sense than centralised stable coins like USDT and others, things are more safer with decentralized projects
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
Any reason why you are not feel safe if holding USDT, USDC or BUSD ? i think it's just the same risk if you're holding the decentralized one too. The price won't be so different, it's just based on US dollars, and it think USDT has the biggest trading volume of all crypto right now which means it's the safest in my opinion.
There have been many. Like others said, DAI is the favorite due to the MakerDAO pedigree. Apart from this, I have also read good things about OHM by OlympusDAO. It may just be due to the people in my twitter feed but I see a lot of talk about OHM from well-known DeFi accounts.
Another option is sUSD from Synthetix. This is pretty much a sub-community of DeFi in itself that has helped launch a lot of the money legos we keep seeing in DeFi.
Lastly, if you are looking to get into some sort of financial jugglery with your ETH or BTC, I'd recommend to check BarnBridge and its various prodcuts:
1.) Smart Yield
2.) Smart Exposure
3.) Smart Alpha
I'd really love it if you can atleast go and try to understand what they are upto. There could be a real discussion on these basic DeFi primitives.
Another option is sUSD from Synthetix. This is pretty much a sub-community of DeFi in itself that has helped launch a lot of the money legos we keep seeing in DeFi.
Lastly, if you are looking to get into some sort of financial jugglery with your ETH or BTC, I'd recommend to check BarnBridge and its various prodcuts:
1.) Smart Yield
2.) Smart Exposure
3.) Smart Alpha
I'd really love it if you can atleast go and try to understand what they are upto. There could be a real discussion on these basic DeFi primitives.
Popular stable coin will be chosen like Dai, Usdc or Tusd… The fact is that at this stage Stable coin is having serious risks if the Fed develops a coin they will proceed to ban stable coins current usage. Where Tether will be in the zone. So we need more protocols that can pool stable coins and convert in defi platforms at 1:1 ratio. The Fish protocol could be on the right track as stablecoins gain more and more attention with a lot of variety emerging.
I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
From many stablecoins in the stablecoin category, I think DAI is the most decentralized stablecoin.DAI is used on decentralized exchanges and by designed with its collateral, it is the safest decentralized stable coin.
Many will suggest DAI.
There's no other decentralized stablecoin that I can see that you might like. Paxos AFAIK is a decentralized one but it has changed to USDP but I'm not sure if it remains to be one after that change in ticker so you can do the research and other details about it.
There's no other decentralized stablecoin that I can see that you might like. Paxos AFAIK is a decentralized one but it has changed to USDP but I'm not sure if it remains to be one after that change in ticker so you can do the research and other details about it.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
All stablecoins that are backed by gold or dollars, are centralised, as they need a company that will hold this collateral. Decentralised stablecoins will be either without any collateral or will be backed by crypto. The most trustless and decentralised stablecoins are certainly algorithmic stablecoins that are regulated by arbitrageurs, but I can't recommend you any of them, as they are still not very reliable. So the best choice for you will be DAI I think.
I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
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