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Stablecoin News

MakerDAO fears for its DAI stablecoin

MakerDAO fears for its DAI stablecoin

In the wake of sanctions on the crypto mixer Tornado Cash, the founder of the lending giant MakerDAO now sees his own project, the DAI stablecoin, in danger.

Stablecoins are cryptocurrencies designed to maintain a stable value.

Stablecoins are usually pegged to a fiat currency such as the U.S. dollar or the euro. They are often used to move value quickly, trade, or temporarily step out of volatility.