50 sats \ 2 replies \ @Derpitor 13 Nov 2022 \ on: Two questions: Bitcoin limit orders and "best" USD "stable"coin bitcoin
I'm interested to see what happens if stablecoins make it to lightning. That will be a game changer.
USDC is likely the best bet for "safety" because of its regulation. DAI is probably the best of the non regulated stablecoins but it's mostly backed by USDC in a smart contract. That would give multiple potential attack vectors. During the last few black swans though DAI didn't looks it's dollar peg.
Paxos tokens I believe are also pretty well regulated. BUSD is issued by paxos.
Thanks for sharing, a few points on some
DAI: its true they are algorithmic and until recently they were backed by USDC, now i think they are back by govt debt (not ideal)
USDC: probably the most regulated (safer) yet they are heavily backing Eth & Sol ecosystem, in particular in DeFi but if they domino starts falling then they are in trouble even if redemption is working fine yet when trust is lost u never know what can happen
USDT: battle tested several times, not sure about their fiat backing (shaddy and dont have full trust) yet the company supports BTC a lot .. I expect to see USDT on LN
BUSD: is well regulated
IF you want to keep dry powder then Fiat is best, I chose to keep 1% in USDT on CEX and planning to use it to buy BTC then cold storage
reply
ftx was well regulated too.
reply