Hey!
So my thoughts on tether is that it is the same as the USD. They print as much as they want. The printed Tether and USD the USA makes isnt provably backed up by anything. They both are used to manipulate markets. They both are controlled by a few people total. Basically both are money printing machines.
Maker DAI is the solution and will eventually overtake Tethers marketcap. Maker DAI is fully decentralized with mechanisms in place to have a soft peg to the USD. The incentive structure is such that DAI only goes up or down with a few cent range. It is secured by ETH collateral that backs up the whole network.
You shoud read more about it, it is set to be the next big thing. Owning Maker also gives you voting rights for system upgrades and updates.
Woh never heard of it! Thanks for the info, got to analysis this new project but i hope one day we won't even need fiat :)