Dai Creator Rune Christensen on Terra's Collapse
The MakerDAO founder said on CoinDesk TV’s “First Mover” that he wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse.
The MakerDAO founder said on CoinDesk TV’s “First Mover” that he wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse.
Asset-backed projects want regulators to know that not all stablecoins are created equal.
Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.
Recent governance proposals aim to take DeFi’s once-dominant stablecoin issuer into the “real world.”
The founder of the crypto lender and stablecoin issuer had feared the worst about potential regulation.
The South Korean-based stablecoin platform Terra has seen its market capitalization overtake better-known decentralized rival Maker's.
"Real world" assets have entered DeFi, as the Maker protocol reportedly just minted $38,000 of dai stablecoins to finance a mortgage loan.
Terraform Labs just activated Anchor, a DeFi protocol promising 20% returns.
Buying in these stablecoins may foretell where the crypto market is going.
Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter.