DAI, the cryptocurrency, has been facing mixed headlines. It is a unique
stablecoin that provides decentralization, yield and stability. Concerns are raised by the MiCA regulations about the controversial features present in stablecoins like DAI and Sky. To increase user benefits,
SunnyMining has introduced a new stablecoin yield feature allowing users to earn passive income daily in USDC, USDT, and DAI. However, the coin has faced problems recently, such as being delisted from Crypto.com due to non-compliance with MiCA regulations. It's also reported that a Bybit hacker converted a stolen $3.64M to
DAI through decentralized exchanges.
MakerDAO, the entity behind DAI, has rebranded itself as
Sky and has given DAI users the option to upgrade their holdings to a new stablecoin, USDS. After MakerDAO's transition to Sky, it launched its upgraded stablecoin,
USDS on the Solana blockchain.Interestingly, despite these developments,
Ethena's USDe stablecoin has recently overshadowed DAI to become the third-largest stablecoin in the market. Though DAI has seen increases in its market cap, it is not without its share of controversy. Its rebranding and the introduction of the new stablecoin USDS have caused a stir in the crypto community. The major concerns raised include the possibilities of the new coin's freezing process being determined by a decentralized court and potential brand overhaul reversal.The crypto market saw a phishing attack leading to $55M DAI being stolen from a crypto whale's wallet. However, in a surprising move, the scammer returned $9.3M in DAI to the victim after 10 months. On the bright side, DAI is now available on the Japanese cryptocurrency exchange
bitFlyer, marking bitFlyer's first stablecoin listing. Moreover, Coinbase has launched Dai Rewards for customers in six countries.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Tue, 05 Aug 2025 03:29:06 GMT -
Rating 3
- Innovation 7
- Information 8
- Rumor -7
