DAI, originally developed by MakerDAO, is included in many controversial discussions regarding regulation, competition, and innovation in the realm of stablecoins. Europe’s new
Markets in Crypto Assets (MiCA) regulations has put emphasis on many crypto entities' decisions to delist not just DAI, but also other commonly used stablecoins like
Tether (USDT). Regulatory compliance hence creates uncertainty for DAI investors.
Ethena has launched USDe stablecoin which outperformed DAI becoming the third-largest stablecoin.
MakerDAO rebranded to Sky, regulating DAI as USDS (Sky Dollars), illustrating a change in the governance structure but causing some outrage from the DeFi community.
Coinbase recently delisted DAI alongside USDT, PAX, PYUSD, and others due to regulatory laws. DAI and other stablecoins were also delisted from Crypto.com and Uphold. Interest payments having wiped out the protocol’s profits have adversely affected DeFi savings protocol, Sky. Russian millionaire
Norbert Gehrke is planning a ruble stablecoin, taking DAI as a model.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Tue, 13 May 2025 16:20:05 GMT -
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- Information 7
- Rumor -2
