The action comes as the circulation of Maker’s dollar-pegged stablecoin has shrunk by a third from $6.9 billion in a year, according to Dai Stats. The broader stablecoin market, a key infrastructure and source of liquidity in the crypto ecosystem for trading and transactions, is in a downtrend, sinking to $127 billion from nearly $160 billion a year ago.
DeFi Lender MakerDAO Paves Way for Enhanced DSR to Ignite Growth for DAI Stablecoin
