Binance and
Coinbase are reportedly planning to delist the stablecoins
USDT and
DAI in Europe by March 31 in order to comply with MiCA regulations. Controversy has erupted around DAI, now known as
USDS, under the MiCA regulations. After rebranding to
Sky, MakerDAO - the group behind the stablecoin DAI - introduced a suite of changes that have stirred debate. They have revealed a new stablecoin and governance token, made DAI upgradeable to USDS, and added a remote freeze function to USDS - which has drawn backlash. Meanwhile,
Ripple's RLUSD has reportedly overtaken DAI in 24-hour trading volume and
Ethena's USDe has become the third-largest stablecoin, surpassing DAI. Notably, a Bybit hacker has managed to swap $3.64M to DAI through decentralized exchanges. Amid all these developments, experts encourage investors to carefully consider their choice between
USDT,
USDC, and
DAI, while noting that DAI's market performance has been impressive with a record $240B in on-chain transaction volume last week. Rumors suggest that a more decentralized stablecoin,
PureDai, will launch in a few years.
DAI Coin News Analytics from Wed, 20 Nov 2019 13:08:27 GMT to Wed, 05 Mar 2025 15:07:52 GMT -
Rating 2
- Innovation 3
- Information 7
- Rumor -1
