Better Stablecoin Buy: Tether (USDT) vs. Dai (DAI)
Over the past decade, a growing number of stablecoins have emerged as more conservative alternatives to volatile cryptocurrencies. Most stablecoins are pegged to the U.S. dollar, can be held without a bank account, used for faster, cheaper cross-border money transfers, and staked for higher yields than traditional savings accounts. They can also help people preserve their savings in countries facing hyperinflation and currency devaluation issues.
The world's most valuable stablecoin is Tether (CRYPTO: USDT), launched in 2014 and currently with a market cap of $187 billion. However, it faces fierce competition from smaller stablecoins like Dai (CRYPTO: DAI), launched in 2017 and valued at $5 billion.
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Source Fool.com
