The recent news cycle surrounding DAI Coin involves a variety of moves in the wider cryptocurrency landscape, as well as internal shifts within DAI itself. Binance plans to delist both USDT and DAI in Europe by March 31. Simultaneously, a Bybit hacker managed to swap $3.64M to DAI via decentralized exchanges, causing a stir amongst the community. DAI’s rebrand to Sky Stablecoins was revealed to be involved in controversy under MiCA regulations, while the rebrand saw DAI’s stablecoin hit $490 million within five days.
Within other news, investing in DAI is explored, with the reveal of an optional upgrade to USDS. While MakerDAO rebrands to Sky, Ripple's RLUSD has surpassed DAI in 24-hour trading volume. Despite this, DAI maintains its dollar peg with unwavering market strength. Sky then launched its USDS stablecoin on Solana. Highlighting the concerns of stablecoin adoption, Uphold will end support for USDT, DAI, FRAX and other stablecoins, which is likely to shake the landscape further.
In a unique twist, a scammer has returned $9.3M in DAI to the victim 10 months after phishing them. There is also speculation on the future price of DAI, with MakerDAO's founder clearing the air on the freeze function amidst a backlash. Closing out some of the recent news, $55 Million in DAI was stolen via a phishing attack, yet DAI hit a record of $240B in on-chain transaction volume last week.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Mon, 10 Mar 2025 14:48:43 GMT - Rating 6 - Innovation 8 - Information 8 - Rumor -2
