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?
7
answers
MysticGalaxy
Fri Mar 21 2025
These measures may potentially impact the functions and operations of USDT.
Daniela
Fri Mar 21 2025
Another stablecoin, DAI, differs significantly from
Tether (USDT).
ShintoMystical
Fri Mar 21 2025
Regulatory Concerns have emerged surrounding the stablecoin market.
Dario
Fri Mar 21 2025
DAI employs a decentralized model, which sets it apart from USDT.
Valentina
Fri Mar 21 2025
One of the major stable assets, USDT, is backed by the fiat currency USD.