To add some info, USDC is 100% collateralised with USD and DAI is 165%+ collateralised with ETH.
Due to their actual stability (relative to other stablecoins), they're more likely to trade at a premium than at a discount.
About a year ago I traded 10,000 USDC for 12,100 USDT during a run on a certain DeFi bridge, only to trade it back to 12,080 USDC a couple hours later.
Due to their actual stability (relative to other stablecoins), they're more likely to trade at a premium than at a discount.
About a year ago I traded 10,000 USDC for 12,100 USDT during a run on a certain DeFi bridge, only to trade it back to 12,080 USDC a couple hours later.