Reliable Tether (USDT) Alternatives for StableCoins

Tether is Dollar-pegged cryptocurrecny introduced by Bitfinex exchange. It is used to preserve value as a Stablecoin to cater volatility of Market. Recently Tether has been facing different kinds of scandals like new coins are minted everyday and they are not all backed by actual Dollar reserves. Fortunately, there are some new alternatives available now to somewhat solve this

1- TrueUSD (TUSD)

This is relatively new dollar-pegged coin which is currently available in major exchanges like Binance, Bittrex, Upbit etc. What makes this unique is all is that all reserves are held in different banks of Trust companies signed by a contract rather than held by one single company. Regular audit of these reserves will also take place.

2- US Dollar

Few exchanges support direct trade pair of US Dollar but many exchanges are currently adopting it slowly. Binance and Bittrex are example of that. You can actually place your assets in Fiat equivalent directly.

3- DAI

This was introduced by MAKERDAO but its assets are not backed by Dollar assets. Its value is determined by collateralized Ether.

Having more options for Stablecoins can definitely reduce risk and removing monopoly.