DAI will. Tether will become an artifact that exchanges will get rid of eventually because it isn't provable it is backed by anything. With DAI it is all backed up with smart contracts where people lock up their ETH into WETH(wrapped ETH) and then the wrapped ETH has more advanced smart contracts available to it than regular ETH, WETH can then be locked into Pooled ETH(PETH) which is then how DAI is created and stablized, by having it backed up at a 1 to 1 ratio. The system liquidates your locked PETH if the price goes down too low in order to stablize the price of DAI. And there are many whales who also buy in when it gets to 98 Cents in order to sell a bunch of DAIfor 99 cents or 1.02 USD(which about how high it goes). So it has been pretty stable and working correctly, right now there is onnly about 37,000,000 DAIout vs like 3 billion tether.
DAI is coming out with multi-collateral DAI soon, which will allow a lot of other cryptos to be put into a locked contract backing up the DAI. Right now only ETH - > WETH -> PETH can be used, soon they are backing it up with Gold on the blockchain(DigixDAO). The great thing about having collateral backed up by Tokenized gold(DGX) is that it is physically backed up, for every DGX token that is minted they buy 1 gram of gold and store it and it is provable.. So when you have gold backing up the price of DAI it will be more stable + you will eventually have bitcoin/litecoin and many other coins that you can put into collateral.
I think it makes way more sense for people to transact with stablecoins for business purposes. Of course Iwould like to be paid in non-stable coins because Ibelieve everything will go up, but businesses may not want to risk that, especially when all this crap is crashing all the time hehe.
Cool, thanks for the explanation.