Dai vs. Tether
Compare key details of Dai and Tether side by side in a structured table format. This overview highlights core features, differences, and relevant information for each option. Use it to review how various choices stack up across the category.
| Dai | Tether | |
|---|---|---|
| Symbol | DAI | USDT |
| Type | Crypto-backed | Fiat-backed |
| Collateralization Method | Overcollateralized Crypto | Cash & Treasury Reserves |
| Pegged To | USD | USD |
| Issuer | MakerDAO (Decentralized) | Tether Ltd. |
| Blockchain Support | Ethereum, Polygon, Optimism | Ethereum, Tron, Omni, Solana |
| Market Cap Rank | 3 | 1 |
| Reserve Transparency | High (On-chain transparent) | Low (Monthly Attestations) |
| Stability History | Highly Stable | Generally Stable |
| Primary Use Cases | DeFi protocols, collateralization | Trading, payments, cross-border transfers |
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