Will DAI Replace Tether?

EEEEEEERbody and their brother is worried about Tether, it seems. "Why did they kick out their auditors?" They ask.

Instead of arguing either way, I will propose an alternative to Tether.

DAI.

This is a coin that seems to be a bit better than Tether...if they can pull it off. This crypto is still in an early stage but it's worth a 5 minute look, at the very least!

According to their website, Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

Take a look below and you can see that the price is hovering around $1.00 USD.

You can see below that DAI is not on any 'MAJOR' Exchange yet. I would like to wait and see how this crypto acts before messing with it. I say this becasue, as a trader, I want to buy at 0.99 and sell at 1.01 every day. I am sure that the creators have taken this into account. If they did not, Oh My Goodness, they are in TROUBLE!

Oh yeah, by the way... All those pretty pictures are from coinmarketcap.com

Here is a pretty neat video about DAI.

I suggest you go to https://coinmarketcap.com/currencies/dai/#charts and https://makerdao.com/ and check it out for yourself.

HAPPY HODLING!!!