DAI, a stablecoin previously managed by
MakerDAO, is undergoing significant transformations that may affect its market performance. MakerDAO has rebranded to
Sky and has also transitioned the old DAI stablecoin to a new one,
USDS. The change has been met with some controversy, especially concerning Sky's new power to remotely freeze its USDS coin. Several other changes include the
Ethena USDe stablecoin surpassing DAI as the third-largest stablecoin and Ripple's RLUSD beating DAI in 24-hour trading volume.
Coinbase has further influenced the dynamic by delisting USDT, PAX, PYUSD, and
DAI stablecoins. The DeFi community is debating its position regarding MakerDAO's overhaul, funds like
Grayscale are launching investments in MakerDAO tokens.
MakerDAO has plans for a fully decentralized stablecoin,
PureDai, which will replace DAI in future. Further, a phishing victim astonishingly received $9.3M return in
DAI from their scammer 10 months after the incident. The future of DAI is uncertain due to these transformations and within the changing landscape of cryptocurrency.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Fri, 14 Feb 2025 14:40:41 GMT -
Rating -7
- Innovation -5
- Information 4
- Rumor -4
