DAI, the stablecoin developed by
MakerDAO, has been a focal point in recent cryptocurrency discussions. Highlights include the organization's decision to
rebrand to Sky, and the introduction of an
upgradeable version of DAI stablecoin known as
USDS. An optional coin freeze function has also been discussed, sparking
controversy within the DeFi community. In addition to these changes, a new decentralized stablecoin dubbed
PureDai is slated to replace existing DAI tokens. Amid these changes, a prominent investor lost over $55m in DAI following a phishing attack; the scammer, unusually, returned a significant portion of the stolen funds several months later. The price of DAI could potentially be impacted by
AaveDAO's debate over collateral, and Maker's 'Endgame' plan aims to create 100B DAI to rival Tether. Regulatory platform Uphold has announced plans to stop support for multiple stablecoins, including DAI, ahead of upcoming
MiCA regulations. Reactions from various entities, including the Gnosis and Aave communities, suggest a cautious approach to Maker's recent controversial decisions. Despite these controversies, DAI remains highly demanded and reached a record $240B in on-chain transaction volume last week.
DAI Coin News Analytics from Fri, 27 Oct 2023 07:00:00 GMT to Mon, 07 Oct 2024 09:00:22 GMT -
Rating 4
- Innovation 3
- Information 7
- Rumor -2
