Stupid crypto newfag question

[Anonymous No.24371154]

Why the fuck are there so many stablecoins? Which one is /biz/ approved: USDT, USDC or DAI? Or is there something better?
I'm leaning towards DAI but I want frens' input

[Anonymous No.24371227]

>>24371154
Doge is the only stablecoin worth investing in, 1 doge will always equal 1 doge.

[Anonymous No.24371263]

>>24371154
it doesn't really matter which one you use desu

[Anonymous No.24371283]

>>24371154
DAI or USDC if you're not touching it. USDT seems to be ponzi, cuz they print it like brrrrrrrrrrrrrrrrrr

[Anonymous No.24371306]

>>24371154
>Tether
Prints money literally backed by nothing. Worse than the FED. A house of cards that will collapse sooner or later. Centralized.

>USDC
Like Tether but a bit less shady. Also centralized, in case you care about that shit.

>DAI
The only truly decentralized stablecoin
So if it gets hacked no one will be responsible and you won't see your money back, ever.

Take your pick, idiots.

[Anonymous No.24371340]

>>24371154
I prefer Dai, but I'm also an American and am used to thinking in USD so Dai is a natural numeraire but I mostly don't trust tether and think that the most successful defi programs prefer Dai and am hoping there is a reason beyond it being easy to pick as your choice/default.

[Anonymous No.24371466]

>>24371154
Hold DAI, Borrow Tether.

[Anonymous No.24372064]

I dont know either op.
Why make so many stablecoins if they make no profit?

[Anonymous No.24372111]

>>24371306
USDC is actually backed by real dollars in the bank. I do prefer dai though due to its decentralization.

[Anonymous No.24372278]

hmm are we experiencing an influx of newfags or is everyone just really fucking stupid when it comes to stables?

hint: dai is among the worst ones, you stupid fucks
hint: usdc is the best token on the ethereum network