Cryptocurrency Q&A What is the difference between Tether and DAI?

What is the difference between Tether and DAI?

ZenBalanced ZenBalanced Wed Mar 19 2025 | 7 answers 1606
I am trying to understand the difference between Tether and DAI. I know they are both stablecoins, but what makes them distinct from each other? How do they differ in terms of their mechanism, stability, and use cases? What is the difference between Tether and DAI?

7 answers

MysticGalaxy MysticGalaxy Fri Mar 21 2025
These measures may potentially impact the functions and operations of USDT.

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Daniela Daniela Fri Mar 21 2025
Another stablecoin, DAI, differs significantly from Tether (USDT).

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ShintoMystical ShintoMystical Fri Mar 21 2025
Regulatory Concerns have emerged surrounding the stablecoin market.

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Dario Dario Fri Mar 21 2025
DAI employs a decentralized model, which sets it apart from USDT.

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Valentina Valentina Fri Mar 21 2025
One of the major stable assets, USDT, is backed by the fiat currency USD.

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