/biz/ - Business & Finance

>decentralization

>>52340268
>a centralized exchange should be able to scam billions because of decentralization
you can't have it both ways, moshe

>>52340268
It's descentralized most stablecoins have in their contract the ability to freeze wallets, DAI being a known excemption.

>>52340328
why isn't dai more popular?

>>52340367
Cuz it’s not called USD*

>>52340367
Because it is more than 50% backed by another centralised shitcoin which defeats the purpose it was supposed to serve. DAI could have their reserves frozen at any moment.

>>52340367
It was very popular but it's an algorithmic stablecoin like Luna, but unlike Luna it has backing in real stuff not in it's own meme token.

But early year events scared people from DAI

>>52340478
>it's an algorithmic stablecoin
you are lying

>>52340223
That's crazy, I didn't even know they could do that

>>52340586
Not every token can do that, it depends on the smart contract, most stables have it in them, most but not all.

>>52340656
Yeah but it's fucking tether, I guess I didn't expect that. The fact of their complying with law enforcement is interesting.. so they'll play ball. Speaks to their long-term prospects

so what's the most stable coin now if any?

>>52340223
FTX is getting all holes raped now

>>52340223
>he's shorting Tether?
>freeze it

>>52340746
Tether was always legal, they are just shilled non stop because they don't use a single back up like usd cash or treasuries but diversify.

It's clearly there are groups that would prefer stablecoins only backed in treasuries.

>>52340905
Chinese commercial paper was a risky choice for backing customer deposits.

>>52340563
You can see the liquidations of their vaults live here when it happens

https://makerburn.com/

a few months ago some vaults were being liquidated while the owner slept and it moved the entire market.

>>52340944
it's the first stablecoin so they been forced to diversify, we won't have treasuries backed stablecoins today had tether cucked in the past, they exist because tether diversified allowing them to bypass regulators to the point they had to compromise.

>>52340828
Liqquity ($LUSD). It's created by a bunch of gigabrains and is 100% decentralized. No DAO, nothing, I don't know why more people don't know about it.

>>52340962
what is your point? DAI is overcollateralized, it's not an algocoin.

>>52340905
I don't have a problem with tether, and tether fud is retarded. I just find it interesting, they're seen as a Ponzi scheme to certain people with certain motivations, and have been in high profile cases and accusations with the US government. But they froze assets, and are playing ball with the government. And that's not a bad thing in this particular scenario, because those assets need to be frozen. I think it's a strong sign of goodwill that they did this. Somehow I believe tether fud will mysteriously fade away

>>52340268
it's a centralized exchange, you dumb nigga.

>>52340328
RAI* is actually decentralized and backed by crypto.

Which stablecoins are decentralized and secure? Which one is currently the best, and are there any good alternatives?