MakerDAO Boosts U.S. Treasury Holdings by $700M to Back DAI Stablecoin With Real-World Assets
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
DAI Overtakes BUSD as Binance Struggles
A competitor of Binance USD (BUSD) has emerged as the third-largest stablecoin globally, surpassing BUSD in popularity and market value.
DAI surpasses BUSD to become the third-largest stablecoin
MakerDAO’s DAI has surpassed Binance USD (BUSD) to become the third-largest stablecoin by market capitalization. With a current market valuation of approximately $4.394 billion, DAI has now taken the coveted…
MakerDAO raises DAI savings rate: Enough to help it flip Lido Finance?
While the move could result in higher collateral rates, it could also stimulate an increase in DAI’s circulation
USDT, USDC, and DAI: Has the SEC kickstarted stablecoin season?
The stablecoin sector is noting a resurgence of interest following SEC’s lawsuits, with a rise in active addresses and weekly senders seen.
MakerDAO: About 42% of DAI’s Initial Use Cases Are For Decentralized Exchanges
In a recent announcement, MakerDAO revealed that approximately 42% of the initial use cases for DAI, the stablecoin issued on the Ethereum blockchain, are within decentralized exchanges (DEXs).
USDC Backing Maker’s Stablecoin DAI Plummets to 23%
The decentralized stablecoin DAI is undergoing a massive shift as MakerDAO reduces USDC exposure and opts for U.S. Treasury bills.
How DAI seeks growth amidst rising stablecoin competition
DAI fails to compete with USDC and USDT in the stablecoin space. However, MakerDAO tries to attract new users by making changes in the protocol.
MakerDAO Community to Vote on Proposal to Increase Dai Savings Rate, Implications for DeFi Market Await
The MakerDAO community is buzzing with anticipation as they prepare for a crucial vote that could shape the future of decentralized finance (DeFi). The proposal at hand involves increasing the…
MakerDAO’s Proposal to Increase DAI Savings Rate to 3.33%
In a move set to impact the decentralized finance (DeFi) ecosystem, MakerDAO, a leading Ethereum-based protocol, is gearing up for a crucial vote on a proposal to raise the savings…
