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The number of DAI transactions has increased. But there were some concerns.

MakerDAO (CRYPTO: DAI) transferred $250 million, half of the $500 million it holds, from its Coinbase (NASDAQ: COIN) custody account to DAI's peg stability module (PSM). The goal is to protect the peg for its DAI stablecoin, as reported by Blockworks.

The collateral backing the DAI stablecoin's peg dipped below intended levels — and it took multiple days to deploy backup funds

A prominent market intelligence platform says that a handful of altcoins should continue to rally as traders continue to focus on Bitcoin (BTC) and Ethereum (ETH).

According to customer emails, the changes will go into effect on Nov. 30.

Moments after assuring investors that it had gotten more RWAs to back the stablecoin, USDR fell by almost 50%, bringing speculation about a possible fraudulent move by its developers.

Tangible, a project which claims to offer the “first stablecoin backed by tokenized, yield-generating real estate,” experienced a significant crash in its Real USD (USDR) stablecoin.

With the stablecoin market hitting a two-year low, USDT and DAI have emerged to weather the bearish storm.

In the ever-changing world of cryptocurrencies, one project stands out for its resilience and success—MakerDAO. Central to Maker's accomplishments is DAI, a decentralized stablecoin linked to the Ethereum blockchain.

In a significant milestone for decentralized finance (DeFi), Savings DAI, the yield-bearing iteration of MakerDAO's decentralized stablecoin, has achieved a remarkable total value locked (TVL) of over $1 billion.

0xngmi, the founder of DeFiLlama, pointed out that the two largest DAI holders now came from two EOA addresses.

In the realm of content creation, three fundamental factors come into play: “perplexity,” “burstiness,” and “predictability.

A recent report from S&P Global highlighted the unpredictability of what are supposed to be the digital currency world's safe havens — stablecoins. Analysts Dr.

Stablecoins from Circle and MakerDAO have been less stable than those from Tether and Binance in the last couple of years, states a new S&P Global report.

Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global.

MakerDAO co-founder Rune Christensen is proposing that Maker (MKR) launch its own native blockchain based on the Solana (SOL) codebase. Writing in a new blog post, Christensen reveals plans for the fifth phase of “Endgame,” the long-term roadmap for Maker that was originally laid out in May of 2022.

Crypto address has executed a series of strategic maneuvers over the past two days, capitalizing on its substantial holdings.

In a significant turn of events, MakerDAO's DAI stablecoin has staged an impressive comeback, recapturing the market's attention and surging past the $5 billion market capitalization threshold. This resurgence comes as a result of a strategic decision to enhance reward rates for DAI holders, setting off a ripple effect across the decentralized finance (DeFi) landscape.

The recently-introduced Enhanced Dai Savings Rate reversed some of the token's decline in market value.

In a significant turn of events this week, Coinbase, a leading player in the cryptocurrency trading arena, has taken a decisive step to halt trading activities involving three stablecoins within the Canadian market. The suspension, scheduled to take effect from August 31, marks a notable shift in the trading landscape for Tether (USDT), Dai (DAI), and Rai Reflex Index (RAI) tokens.

For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects.

Coinbase has declared its intention in an email to customers to suspend trading for three widely used stablecoins in Canada, which includes trading of the largest stablecoin, Tether (USDT).

Coinbase, a crypto exchange, will discontinue the trading of USDT, DAI, and RAI stablecoins for its Canadian users from September 2023

The exchange expanded its services in Canada earlier this week.