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Since DAI is currently being destroyed (lemmy.sdf.org)

submitted 5 months ago by BD89@lemmy.sdf.org to c/monero@monero.town

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Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!

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[-] Rikj000@discuss.tchncs.de 2 points 5 months ago

Don't meddle with "stable-coins".
They are pointless since they:

Do not replace fiat
Are not stable since inflation on fiat
Are more risky then fiat

If you want a "stable-coin",
just use fiat..

Only crypto you should still care about these days is Monero.

[-] WishfulAlbatross@monero.town 2 points 5 months ago

DAI is unfreezeable and pseudonymous, digital fiat is not. It's a useful bridge.

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this post was submitted on 19 May 2024

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