DAI, one of the leading stablecoins in the crypto market, has faced various controversies, including being under pressure with ongoing
MiCA regulations. New stablecoins have successfully beaten DAI's market cap, with Ethena’s
USDe becoming the 3rd largest stablecoin, and Bitcoin-backed USDa as the second-largest CDP project. The impact of the regulatory environment is seen as crypto platforms like Binance and Crypto.com plan to delist
USDT and DAI by the end of March. This has also led to a market shake-up with
USDe dethroning DAI. Amid these changes,
MakerDAO has rebranded to
Sky, unveiling a new stablecoin and governance token. Sky, formerly MakerDAO, is set to launch its stablecoin,
USDS on Solana. There are also prominent movements in the Stablecoin market with Ethena’s
USDe outpacing Sky’s Dai due to a successful CeDeFi strategy and Ripple's RLUSD surpassing DAI in 24-hour trading volume.
Ethereum Foundation converted 100 ETH to DAI as a major upgrade approaches. Despite these updates,
DAI’s strength has remained unwavering; its market cap exceeded
$5B with higher yield lifting Spark Protocol. However, it is worth mentioning that some crypto investors are pushing for
AaveDAO to improve DAI’s perceived risk growth.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Wed, 09 Apr 2025 13:41:15 GMT -
Rating 0
- Innovation 1
- Information 6
- Rumor -4
