Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle Internet Financial’s USDC stablecoin saw almost $3 billion in net redemptions, defined as the total number of USDC ...
Tag: DAI
MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
Under the proposal, the community would adopt an emergency switch that would pause peg-stability-module (PSM) swaps on its protocol, ...
DAI Depegs as Stablecoin Rout Plagues Crypto
Sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.DISCLOSUREPlease note that ...
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
DAI, the fourth-largest stablecoin, with a market cap near $5 billion – and the only top stablecoin backed by ...
Paxos Halt of BUSD Stablecoin Issuance Derails Binance Strategy for Global Dominance, With Tether’s USDT, Circle’s USDC, Maker’s DAI as Likely Gainers
In the largest BUSD pool on decentralized finance (DeFi) protocol Curve, where traders can swap between stablecoins, traders almost ...
Decentralized Finance Protocol MakerDAO Integrates Blockchain Data Provider Chainlink to Maintain DAI Stablecoin Stability
“The advancement of the technology backing stablecoins is a necessary component to unlock the future of finance,” said Johann ...
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
The proposed Spark Protocol will leverage Maker’s DAI stablecoin and its crypto assets for liquidity, and would be based ...
MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
“Recent MakerDAO governance discussions have raised concerns about GUSD’s heavy reliance on the PSM and Gemini holding GUSD reserves ...
MakerDAO Community Votes to Hike DAI Rewards to 1%
Increasing the rewards known as the DAI Savings Rate (DSR) means that investors can earn a 1% annualized return ...
DeFi Giant MakerDAO Voting on Hiking DAI Stablecoin Rewards
Increasing the DAI savings rate would make Maker’s stablecoin more competitive among rivals and help mitigate capital outflow from ...
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