DAI, a highly recognized stablecoin, has been making significant announcements as it navigates the evolving digital asset landscape. Certain regulatory conditions in Europe contributed to leading crypto exchanges, Binance and Coinbase choosing to delist
DAI along with other stablecoins. DAI's maker, MakerDAO, underwent rebranding to
Sky and launched a new stablecoin called
USDS.
USDS has shown promising performance, reaching a $2 Billion circulation in a single month. Despite these developments, a rival stablecoin
Ethena’s USDe has surpassed DAI as the third-largest stablecoin. In other news, an Ethereum whale was liquidated for $106 million on Sky amid a market downturn. DAI's utility in the DeFi space remains unquestioned as it continues fuelling various DeFi protocols. However, it was not free from controversies like the recent
phishing attack that duped a whale of $55M in DAI. In anticipation of the MiCA regulations, several platforms including Uphold, plan to delist DAI and other stablecoins. Amidst these events, Ethereum founder
Vitalik Buterin recently minted 315k DAI, a move that piqued the interest of many in the crypto community.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Wed, 09 Apr 2025 07:00:00 GMT -
Rating -1
- Innovation 2
- Information 5
- Rumor 5
