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/biz/ - Business & Finance


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56777569 No.56777569 [Reply] [Original]

Is there a descentralized stable coin?

>> No.56777579
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56777579

>>56777569
This coin makes glowies seethe.
Use USDT instead of USD.

>> No.56777657

>>56777569
Yea there are a few. DAI is the most popular one. Some more risky ones are MIM (Magic Internet Money) and maybe something like FRAX.

Here's a list of stables, you can see their relative strength from peg and do further research from there:
https://defillama.com/stablecoins

>> No.56777672

>>56777657
Stable relative to what? Indian rupees? If you want USD there is only tether.

>> No.56777742

>>56777672
/biz/ is so fuckin weird lol. I remember back when you guys used to fud the shit out of Tether and say it was going to implode with tons of conspiracies years ago. I come back from haiatus and you guys all love it, after I've been telling the schizos to stop worrying about it.

Are you seriously gettied married to a stable?

>> No.56777752

you guys need to realize with stablecoins they are never really truly "decentralized" you can and will near always get your fund frozen if deemed a threat to the chain and or the market

>> No.56777753
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56777753

>>56777742
I am a tether maxi, yes.
It keeps you dumbos in check.
Paolo will run for US president in 2028 checkem.

>> No.56777763

>>56777752
There are a few that actually meets this criteria desu, but they're more risky the more decentralized they are. Balance depending on your risk, there are also some protocols that aggregate stables into a basket for you so it doesn't have a single point of attack.

>> No.56778434
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56778434

>> No.56778441

>>56777569
There is DAI but its also centralized

>> No.56778511
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56778511

>>56778441
Pajeet spotted.

>> No.56779270

>>56777569
Zeph

>> No.56779365

>>56777569
curve USD is the only decentralised stable coin at this time (its not backed by other stable coins purely)

>> No.56779398

>>56777569
Yes, it's called Rose and it's a fucking piece of shit 8c stablecoin.

>> No.56779557
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56779557

>>56779270
>>56779365
>>56779398
Literal shitcoins. Could as well buy DOGE.

>> No.56779566

>>56777579
it was literally made by glowies

>> No.56779586
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56779586

>>56779566
Nocoiner cope.

>> No.56781425

>>56777569
USTC.
Don’t check chart.

>> No.56782781
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56782781

USDT. That's why kava is spreading it to injective and atom. That's why interpol can't expose them as frauds. That's why they have remained king for so long.

Cope.

>> No.56782826

>>56777569
RAI and DAI (although DAI smart contract redeems 1 USDT to 1 DAI, so it is still exposed)

>> No.56782959

>>56782781
Kek, I'm genuinely sad for you

>> No.56782961

Yes, United States Dollar

>> No.56782971

>>56782781
Fucking kek, that's why that's the only stable on their shitty leverage platform right

>> No.56782977

>>56782781
kys poomar, nobody is gonna buy your bags

>> No.56783102

>>56778511
rise and shine tether

>> No.56783175

>>56777569
Why do you want a decentralized currency when you can have physical money in the bank?

>> No.56783186

>>56777752
you're going to break their brains, I doubt they're capable of processing that information

>> No.56783190
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56783190

>>56781425
LOL NOPE GTFY