makerdao

Stablecoin issuer Circle is launching a new token backed by the euro in the U.S. (Sandali Handagama/ CoinDesk)
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
The decision follows a turbulent period during which USDC temporarily lost its dollar peg after key banking partner SVB collapsed.
Stablecoin issuer Circle is launching a new token backed by the euro in the U.S. (Sandali Handagama/ CoinDesk)

(Mario Tama/Getty Images)
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.
(Mario Tama/Getty Images)

ces 2020 dai makerdao
MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
The community proposal comes just two days after DAI followed stablecoin USDC in slipping beneath the one-dollar mark. 
ces 2020 dai makerdao

Rune Christensen
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
Rune Christensen said on a call with community members DAI suffers from bad branding that could be slowing its growth.
Rune Christensen

MakerDAO founder Rune Christensen (CoinDesk TV)
Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase
The decentralized autonomous organization behind the DAI token previously purchased $500 million worth of government notes and bonds.
MakerDAO founder Rune Christensen (CoinDesk TV)

MakerDAO (Unsplash)
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.
MakerDAO (Unsplash)

Legal ruling. Silhouette of a judge's gavel. Cryptocurrencies and legality (Aitor Diago/Getty Images)
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.
Legal ruling. Silhouette of a judge's gavel. Cryptocurrencies and legality (Aitor Diago/Getty Images)

Spark Protocol (MakerDAO)
DeFi Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol
The protocol is a fork of Aave v3 and will increase the use case for the DAI stablecoin.
Spark Protocol (MakerDAO)

Spark (Unsplash)
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.
Spark (Unsplash)

(DALL-E/CoinDesk)
MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions
With “scientific sustainability” as a core principle, an early draft of the proposed Maker constitution would, if approved, play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.
(DALL-E/CoinDesk)