stablecoin safety thread

[Anonymous No.50036939]

USDT BUSD DAI USDC, rate them.
USDC - centralized and will free your account
DAI - ponzi scheme based on USDC + risk tokens
USDT - says there is 80b in treasury, there is probably < 40b, going to go to zero this month
BUSD - not a lot of information. Supposedly CZ made it to take over after Tether collapses

[Anonymous No.50036974]

BUSD will be fine, funds are safu
USDC will be fine, it glows
USDT is going to crash and burn so hard it might take Bitcoin with it.

[Anonymous No.50036975]

>>50036939
What about pax dollar and trueUSD, are they any good? Why would anyone buy these instead of USDC?

[Anonymous No.50037011]

>>50036975
I don't know about these, but that's why I made this thread, let's hear from other anons.

>>50036974
True. CZ clearly knows about the coming tether collapse, and yes BTC will fill the 3500 gap and flush every scam company like Celsius. Recovery will be faster than anyone expects

[Anonymous No.50037034]

>>50036939
gemini usd is also good but not well known by most, it's regulated and audited.

[Anonymous No.50037062]

>>50036939
>USDC
Safest and globohomo backed.
>USDT
Unironically safe now, was a unbacked in 2017. They have safe investments and people have redeemed $17 billion already in the last few months.
>DAI
Dogshit collateralized stablecoin backed by crypto.

[Anonymous No.50037106]

all stablecoins are a scam.

[Anonymous No.50037131]

>>50037062
USDT printed 80 billion and put most of that in treasuries and corporate debt as the high yield market imploded. They probably have impairment of at least 40B. Some of the commercial paper was in the chinese market also. With money rapidly draining out, soon there is going to be a request to redeem they wont be able to fulfill, there will be zero left.

[Anonymous No.50037296]

>>50036939
>USDC, BUSD, TUSD, USDP
All backed and audited, there are some smaller stablecoins but their marketshare is too low, just diversify in these 4 then you should be good
>USDT
Dont be left holding the bag.
>DAI
A decentralized stablecoin based on other stablecoins interesting concept, someone should do an aggregate for the 4 above I mentioned instead of just using USDC.

[Anonymous No.50037323]

>>50036939
>>50037011
you're an idiot
>>50037106
yes, because the dollar is a scam

[Anonymous No.50037473]

>>50037323
>yes, because the dollar is a scam
Exactly, they're the same thing. Infinitely printable and fake.

[Anonymous No.50037588]

>>50036974
Binance cz is ironically the trust worthy person in all of crypto.

[Anonymous No.50037621]

>>50037131
why did you redeem

[Anonymous No.50037718]

>>50037588
I wish more people understood.

[Anonymous No.50037786]

>>50036939
The funny part is they are all based on each other. Seriously if one of these collapses they ALL do. I'll bet you they're all "collateralized" by a mix of each other. It's a house of cards.

[Anonymous No.50037797]

>>50037718
There is always a good one. He's still a scammer but his business is legit. He manages his money well and has long term vision. I never bet against CZ.

[Anonymous No.50037861]

wtf is wrong with RAI, -25% redemption rate, it was the only real stablecoin but not with that money god destroyer redemption rate

[Anonymous No.50038099]

>>50036939
The image that destroyed pegs.

[Anonymous No.50038128]

>>50036939
PAXG
>laughs in gold

[Anonymous No.50038339]

>>50038099
This is the worst gif in the history of gifs. Can't read half the shit, chart is completely garbage.

[Anonymous No.50038456]

Spot based on Ampl is the only safe haven. Dyor.

[Anonymous No.50038663]

>>50037861
The liquidity seems messed up from a quick look at it. If there is demand for leverage again I would think that rate should go down a lot.

[Anonymous No.50038702]

>>50038339
Hmm. Yet it got a (you). Curious.

[Anonymous No.50038743]

>>50038702
wow you got a (You) amazing i guess that means my post saying the gif was trash actually meant the gif was good

[Anonymous No.50038808]

If you're not in LUSD or RAI you're ngmi

[Anonymous No.50038848]

>>50036939
I try to stick to only quality stablecoins, like QCash.
Why guess?

[Anonymous No.50040853]

>>50036974
>USDT is going to crash and burn so hard it might take Bitcoin with it
can't fucking wait

[Anonymous No.50041256]

>>50036939
usdc is the only one I trust because the jews want it to succeed

[Anonymous No.50041281]

>usdc
Jews
>busd
Richest man alive, chunk
>USDT
Probably unironically fully backed from scamming for so long but still skeptical of the integrity

I hold usdc and busd. Realistically if any of these 3 go down Bitcoin is going to $5k

[Anonymous No.50041292]

>>50036939
What the FUCK did he mean by this

[Anonymous No.50041305]

>>50041281
>Richest man alive, chunk
>>USDT
>>50041292
He meant USDT is going down, he knows it, Binance no longer holds 200m on bid for usdt pairing

[Anonymous No.50041306]

>>50036939
>>50036974
>< 40b, going to go to zero this month
>USDT is going to crash and burn so hard it might take Bitcoin with it.

How high are you?

This board is so fucked.

[Anonymous No.50041567]

>>50041305
Fuck I've been putting off getting my latest buys off binance. Should really do that soon.

[Anonymous No.50042259]

>>50040853
2 moar weeks eh

[Anonymous No.50042828]

I am mostly deployed in shitcoins but have ~1.1mil left in USDT

Two more weeks, guys. It's totally going to collapse this time,

Can you imagine how hard people have been pushing tether to break since UST went? All that effort and it doesn't budge.

[Anonymous No.50042881]

>>50037588
true but his business is also to suck money out of you so don't think hes your friend or something

[Anonymous No.50042985]

>>50037062
USDT is not safe at all and anyone who holds literally any of it is going to get wrecked

[Anonymous No.50044426]

busd>usdc>usdt

[Anonymous No.50044595]

USDC, BUSD, DAI, MIM, TUSD are all "safe." But they're still fiat. Bitcoin is down like 70% just hold bitcoin and wait for 2-3 years max. Why the fuck are you holding stablecoins right now?