46% of DAI holdings are USDC. You might as well use USDC at that point.

1. They can sell MKR to make up for any shortfall, so the risk isn’t mostly to the Dai holders

2. If USDC goes to 0, then Dai has 50 cents backing, USDC has 0.

Definitely not ideal to have such high exposure to one coin though

BTC/USDT liquidity is dramatically larger than BTC/DAI.

Despite the title, this article is about crypto writ large, not just BTC and eth Dai liquidity is fine.