Coinbase experienced a hacking incident, with the hacker converting
$12.5 million DAI to ETH. DAI stablecoin enjoys popularity among online casinos and gambling sites. Despite competition from Bitcoin, Ethereum, Solana, and others, DAI remains high on the radar. However, controversy under MiCA regulations calls the future of DAI and other stablecoins into question.
MakerDAO, the creator of DAI, recently rebranded to Sky, offering an optional upgrade of DAI stablecoin to USDS. In an interesting turn,
Ethena's USDe beat DAI to become the third largest stablecoin. Multiple hacking incidents saw a significant conversion of ETH to DAI via decentralized exchanges. Despite these risks, DAI, now under Maker's rebranded identity
Sky, continues to be a leading figure in the stablecoin scene. However, the crypto market faced a significant disruption as
Binance is set to delist Tether USDT, DAI, and other stablecoins. DeFi giant MakerDAO's entire rebranding and the introduction of a new stablecoin and governance token under the name Sky did not evade controversy. Amid these events,
Grayscale launches a fund to invest in the MakerDAO token, signaling continued interest in the space.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Thu, 17 Jul 2025 07:00:00 GMT -
Rating -2
- Innovation 8
- Information 7
- Rumor 4
