What is your stablecoin of choice?

in cryptocurrency •  8 months ago  (edited)

View the original post on Musing.io

Here is my answer to what is my favorite stablecoin.

My pick is DAI as it is probably the most decentralized stablecoin in the market. Despite Ethereum being down more than 80% since peak, DAI has been serving it's purpose by not deviating too much from USD since it's launch.

In addition, DAI is also the leading stablecoin used in DeFi applications. Lending out your DAI generates generous interest at the range of 8%-20% per annum.

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