[zionic]

On the other hand DAI fluctuates between 0.999 and 1.001 all the time. Is it not "stable".

I am no fan of tether, but small fluctuations like this have always been normal for "stable coins".

[rglullis]

DAI has been designed to be soft-pegged. It is meant to fluctuate around the $1 mark, but it never guarantees any kind of parity.

[retcon]

This is why in regulated markets you can inspect the ticker: to provide a audit record for proof that nobody is funding themselves or the asset by arbitrage.

[SilasX]

That’s the point. Dai goes below and above $1. Tether has stuck below $1. That’s an important difference.

Longer comment: https://news.ycombinator.com/item?id=31449400

[retcon]

This might be fine in a open regulated market. See my above comment.