IMHO the only really necessary and useful stablecoin is DAI. Instead of being issued by some dubious piggie, the peg is maintained by a smart contract. DAI gets far less publicity than Tether for this reason.
It really goes to show what percentage of crypto bros care about decentralization whatsoever. Tether has a market cap of $184B and is the #3 “cryptocurrency” as of this writing. The dump hasn’t even happened yet!
IMHO the only really necessary and useful stablecoin is DAI. Instead of being issued by some dubious piggie, the peg is maintained by a smart contract. DAI gets far less publicity than Tether for this reason.
It really goes to show what percentage of crypto bros care about decentralization whatsoever. Tether has a market cap of $184B and is the #3 “cryptocurrency” as of this writing. The dump hasn’t even happened yet!