Creators Behind Web3 Game Aavegotchi Raise $30M in Multiyear Token Sale
The sale, which began in September 2020, ended Monday over concerns of the stability of the DAI stablecoin.
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Mar 20, 2023 at 9:09 p.m. UTC
Mar 20, 2023
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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.
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Mar 13, 2023 at 7:12 p.m. UTC
Mar 13, 2023
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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.
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Mar 13, 2023 at 5:18 p.m. UTC
Mar 13, 2023
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DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto
MakerDAO’s decentralized stablecoin hit an all-time low of 88 cents in Asian afternoon hours on Saturday.
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Mar 11, 2023 at 10:24 a.m. UTC
Mar 11, 2023
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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.
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Mar 9, 2023 at 8:14 p.m. UTC
Mar 9, 2023
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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.
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Mar 7, 2023 at 5:15 p.m. UTC
Mar 7, 2023
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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.
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Feb 27, 2023 at 4:38 p.m. UTC
Feb 27, 2023
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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.
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Feb 24, 2023 at 11:00 p.m. UTC
Feb 24, 2023
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BUSD Stablecoin Temporarily Plunges to $0.20 on Binance
Binance USD (BUSD), the third-largest stablecoin by market cap, quickly dropped to a low of $0.20 against the DAI stablecoin on Wednesday morning as liquidity dried up on the...
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Feb 22, 2023 at 4:04 p.m. UTC
Feb 22, 2023
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Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.
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Feb 13, 2023 at 7:34 p.m. UTC
Feb 13, 2023