USDT, USDC, ADA, DAI – Which is the best stablecoin?

Now that it’s bear season, we should mostly hold all our fiat in Stablecoins to reduce risk until the market stabilizes. I used to be a fan of USDT but it seems that sometimes ADA gives better value than USDT. USDT I used to get for 1.0005 however for ADA it goes below $1 and you can get it even at $0.95. Can’t we use this as an arbitrage opportunity against the US Dollar which is so highly inflated right now. However I couldn’t find too many pairs of altcoins to exchange my ADA into, so I transfer it to BTC and then buy the altcoins. Anyone else think ADA is the best stablecoin?

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28 thoughts on “USDT, USDC, ADA, DAI – Which is the best stablecoin?”

  1. Deposit your coins into a lending platform like Aave, borrow USDT, then buy more coins or cocaine. If the fearmongers are right, when tether goes to zero it’s basically free money!

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  2. Not my opinion, but the smartest person I’ve found so far that teaches about tokenonics (Lisa Tan – Economic design) said frax was the best stablecoin.

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  3. If you’re going to wait out a bear market in stables then use Celsius, Hodlnaut, Midas, Stablegains for 8.5-19% APY til you decide to buy.

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