Not every stablecoin is built the same. DAI cannot be frozen or upgraded. USDS can. They share the same backing. That is by design.
While they share the same backing and overlap on many qualities, their design priorities diverge. DAI leans on sovereignty and transparency. USDS optimizes for accessibility and yield.
@rhadiARK unpacks the tradeoffs across five criteria: transparency, durability, sovereignty, accessibility, and incentives in part 3 of ARK’s Guide To Stablecoins.
Read the full research blog.