DAI, the stablecoin by
MakerDAO has been the center of multiple major news stories. MakerDAO, the organization behind DAI, has rebranded to
Sky, during which it made considerable changes. It upgraded the DAI stablecoin, which is now known as
USDS, and also revealed a new governance token. The transition wasn't without controversy, and it impacted the coin's market position negatively. Moreover, the updated stablecoin has features such as a
'freeze function', further stirring debates in the crypto community. Additionally, certain platforms, such as
Crypto.com and
Coinbase, are preparing to delist DAI in response to regulatory pressures, specifically the upcoming
MiCA regulations. Despite these setbacks, Sky is driving ahead with its CeDeFi strategies to reinvent DAI's applications and increase its influence in the DeFi ecosystem. Other significant news include the
Ethena USDe stablecoin surpassing DAI in terms of market cap, and the usage of DAI for monumental transactions such as the Coinbase hacker converting 26,554 ETH to $68.7M worth of DAI.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Fri, 23 May 2025 10:43:03 GMT -
Rating -7
- Innovation 6
- Information 6
- Rumor -3
