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↝ Evolving Landscape of DAI Coin amidst Stablecoin Market Innovations

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Evolving Landscape of DAI Coin amidst Stablecoin Market Innovations
Stablecoin lending continues to gain attention, with DAI offering the best stablecoin interest rates. However, criticisms have been raised over the fact that DAI is mostly centralized even after reducing its USDC exposure. Yet, DAI has shown consistency, while Near Protocol further demonstrates resilience. MakerDAO, the creators of DAI, are developing PureDai, a fully decentralized stablecoin set to replace DAI. This decision follows the reopening of DeFi conflicts between MakerDAO and Aave over DAI's perceived risk growth. The prediction for DAI price in 2024 revolves around the impact of the ongoing AaveDAO debate on collateral. Scammers have also returned $9.3M DAI to victims post-phishing, while Aave has launched a proposal countering MakerDAO's DAI expansion risk. Reports indicate a plan to launch a PureDai within a few years. Amid such updates, DAI experienced a record $240B on-chain transaction volume last week. However, DAI and Major cryptocurrencies appear to be under market pressure due to potential political uncertainty. Furthermore, Uphold plans to delist DAI and other stablecoins ahead of MiCA regulation. Lastly, Rune Christensen, the founder of MakerDAO, addressed MakerDAO's future, including plans for the launch of PureDai while MakerDAO continues to innovate in the stablecoin market.

DAI Coin News Analytics from Thu, 26 Aug 2021 23:34:18 GMT to Mon, 05 Aug 2024 09:00:22 GMT - Rating -1 - Innovation 7 - Information 8 - Rumor 0

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