4 ms·
USDC and DAI both have a spotless record of stability.
by dcolkitt 4y ago
USDC and DAI both have a spotless record of stability.
- ChrisLomont 4y agoAll claimed pegged value items are spotless until they fail. USDC is exactly the same as every non-fiat currency, all claimed back by commodity X, all have failed once economies got tough. USDC does nothing, zero, nada, that literally hundreds of places tried over the past 200 years. It will fail, for the same reasons. That they haven't imploded over 4 years with tiny usage is not special. It is fascinating how they've changed their claims over time, and are no where near transparent on what backs them at the moment. Good luck with yet another repeat of bad ideas. DAI has not even stayed pegged to the dollar over it's few year lifetime. I don't know how you call that spotless. It requires suspended disbelief to claim these things.