Since Terra began blowing up, DAI, a five-year-old overcollateralized stablecoin overseen by the MakerDAO community, has held its peg and carried out liquidations of collateral in an orderly fashion, which has been “a great test of the system,” said Luca Prosperi, a leader on lending oversight at MakerDAO.
Related posts
-
Bitcoin Price Set To Surge With $2.5 Billion Stablecoin Inflows
An influx of $2.5 billion in stablecoins is anticipated to potentially drive a significant surge in... -
Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
The dwindling metric points to declining selling pressure in the bitcoin market. Source Spread the love -
Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs,...