Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid Assets
On-chain data suggests that USDR's treasury was drained of liquid assets, leading to a run on the stablecoin.
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Oct 11, 2023 at 4:46 p.m. UTC
Oct 11, 2023
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DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
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Aug 23, 2023 at 6:45 p.m. UTC
Aug 23, 2023
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Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users
The exchange expanded its services in Canada earlier this week.
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Aug 17, 2023 at 7:28 p.m. UTC
Aug 17, 2023
MakerDAO Looks to Ignite Growth for $4.6B DAI Stablecoin With Up to 8% Reward
The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
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Jul 27, 2023 at 4:28 p.m. UTC
Jul 27, 2023
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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.
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Jun 21, 2023 at 3:39 p.m. UTC
Jun 21, 2023
MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve
The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.
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Jun 15, 2023 at 8:17 p.m. UTC
Jun 15, 2023
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MakerDAO Weighs Ditching $390M of Gemini Dollars from DAI Reserve
The result could have a significant impact on Gemini and its stablecoin as MakerDAO’s reserve holds roughly 88% of total GUSD supply.
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Jun 14, 2023 at 5:03 p.m. UTC
Jun 14, 2023
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Someone Flash Loaned $200M From MakerDAO to Make $3 Profit
An arbitrage bot took advantage of MakerDAO's 'DssFlash' contract, creating a $200 million flash loan to extract $3 in profit.
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Jun 14, 2023 at 11:21 a.m. UTC
Jun 14, 2023
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New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing
Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).
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Jun 5, 2023 at 2:00 p.m. UTC
Jun 5, 2023
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MakerDAO Set for $1.28B Treasury Purchase
The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S...
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Jun 2, 2023 at 5:19 p.m. UTC
Jun 2, 2023