DAI Coin, a decentralised stablecoin, has recently been thriving despite facing regulatory and competitive challenges. Notably, DAI Coin, under the parent company
MakerDAO, recently underwent a rebranding to
Sky, introducing a new USDS stablecoin and SKY governance token. The USDS supply boomed almost immediately, hitting $490 million in five days.
Ethena’s USDe has, however, overtaken DAI to become the third-largest stablecoin. In another significant development, no taxes will now apply for crypto sales made in
Italy using DAI Coin, potentially boosting its adoption.
Coinbase and
Crypto.com plan to delist DAI Coin on 31st January to comply with upcoming
MiCA regulations, causing investor concern. However, its resiliency was evident when notable volumes of DAI Coin were used in unethical activities, including phishing attacks and transfers by cryptocurrency hackers. Alternatives to DAI Coin, such as
USDT and USDC, are also finding competition within this increasingly crowded field, despite these coins facing delistings. Despite MiCA regulation concerns, rumors are circulating about the launch of a new decentralized 'PureDai' within the next few years.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Mon, 02 Jun 2025 13:24:50 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor 6
