I don't assume intent but this comment is disinformation - stable coins are some of the riskiest major assets in the space, since their backing is questionable at best[1], and even those that are "backed" are inescapably custodial with all that entails (lack of censorship resistance being one unavoidable property so long as coins retain any sign of fungibility). I hope they "concentrate on" Bitcoin - which under close examination seems the first time hard money has ever been created.

1. AAVE Risks per Asset https://docs.aave.com/risk/asset-risk/risks-per-asset

> stable coins are some of the riskiest major assets in the space, since their backing is questionable at best

Have you heard of diem/libra, USDC, or celo? Not every project is tether

Stablecoins are indeed immature. But volatile assets don't make for good money. Have you heard of Gresham's Law? "Bad money drives out the good"- that is, people will hoard the lucrative asset (bitcoin) and actually use the boring one (stablecoins).

AAVE appears hard to trust that since they offer their own tokens.

If you're a wall street investor, you want a bank to have an accounting firm that is completely independent from the bank it's auditing -- no side deals, no consulting services in either direction.

What about DAI though?

Same overall risk rating as USDC/USDT for example but for varying reasons. The link which was provided breaks it down.

Presuming they are truly equally risky, DAI wins by default imo.

Not the same (or even similar) per your own link actually (which i think you added in an edit after I replied? Either way it’s a decent breakdown).

I’m not saying DAI is risk-free or even objectively less risky (though it could be argued); it has a different kind of risk-profile and all-together due to how it’s constructed.

They should issue their own stable coin. There is too much fraud with Tether to support it and another reputable stable coin in the industry will only help things.

I cringe everytime when people talk about censorship resistance of a glorified key value store. All it needs is a govt approved fork, with all tracking and blocking features and outlawing other forks. Which I’m sure govts will do. No sane govt would want its currency in control by random meme lords dictating its price.

I hope that too but for stable coins to work you need atm machines and multiple exchanges otherwise you end-up with another paypal thing.