![DAI was flawed from the beginning says DeFi founder](https://crypto.news/app/uploads/2023/02/crypto-news-office-day-light-sixties-retro-futuristic-880x525.jpg)
DAI News
$0.9996740
24h Volume
$191,792,249
Market Cap
$5,254,992,530
24h Low/High
$0.9977130 /
$1.00
24h
-0.06%
7d
0.06%
Latest DAI News
![Phishing victim reclaims $9.3m in DAI as scammer returns stolen funds](https://crypto.news/app/uploads/2023/12/crypto-news-Scammers-on-the-rise-option03-880x525.webp)
News
A victim of a $24 million phishing attack has received a portion of his stolen funds back after the attacker willingly sent it back to him. According to web3 anti-scam solution Scam Sniffer, the attacker sent back $9.3 million to…
![Dai](https://coin-images.coingecko.com/coins/images/9956/large/Badge_Dai.png?1696509996)
![Stablecoin market capitalization sets record, surpasses $150b mark](https://crypto.news/app/uploads/2023/10/crypto-news-USDC-stablecoin04-880x525.webp)
News
On March 21, the market capitalization of stablecoins reached $150 billion for the first time in 18 months.
![MakerDAO dominates Ethereum lending with 52% market share](https://crypto.news/app/uploads/2023/12/crypto-news-Ethereum-option05-880x525.webp)
News
MakerDAO, Ethereum's first defi lending protocol, has captured a 52% share in the ETH lending market.
![Shiba Inu soars 21% in a week, becomes 18th largest cryptocurrency by market cap](https://crypto.news/app/uploads/2023/08/Shiba-Memu01-880x525.png)
Markets
Shiba Inu (SHIB), the second largest memecoin, is now the 18th largest cryptocurrency based on market cap, climbing ahead of Litecoin and Dai with its massive 21% growth since last week.Â
![Coinbase to delist USDT, DAI, and RAI for Canadians](https://crypto.news/app/uploads/2023/07/Canada-Crypto-Week05-880x525.jpg)
News
Coinbase, a crypto exchange, will discontinue the trading of USDT, DAI, and RAI stablecoins for its Canadian users from September 2023
![Aave deploys DAI stablecoin competitor on Ethereum](https://crypto.news/app/uploads/2023/07/crypto-news-coin-blurry-internet-and-blockchain-and-trading-chart-background-green-and-light-neon-light-v-5.1-880x525.jpg)
News
Aave has launched its algorithmic stablecoin, GHO, backed by multiple crypto assets, including ethereum (ETH)
![Djed reserve ratio drops to 300% amid dumping ADA prices](https://crypto.news/app/uploads/2023/03/Stablecoins1-880x525.jpg)
News
The reserve ratio of Djed, an algorithmic stablecoin designed for the Cardano ecosystem by Input Output Global (IOG), has fallen to 300%
![MakerDAO’s new proposal to boost DAI savings rate to 3.33%](https://crypto.news/app/uploads/2023/03/crypto-news-DeFi-low-poly-style-880x525.jpg)
News
MakerDAO's new proposal aims to increase DAI savings rate to 3.33%, potentially reshaping DeFi interest rates and attracting more capital to DAI.
![MakerDAO introduces Spark Protocol for DeFi lending](https://crypto.news/app/uploads/2023/04/Palmswap-v103-880x525.jpg)
News
MakerDAO, a leading decentralized autonomous organization (DAO) on the Ethereum blockchain, announced the launch of its Spark Protocol on May 9.
![Investors accumulate DAI and other stablecoins amid BTC selloffs](https://crypto.news/app/uploads/2023/03/crypto-news-laptop-trading-graphics-on-laptop-blurry-background-low-880x525.jpg)
News
Investors have begun augmenting their holdings in DAI and other top stablecoins amid the prevalent selloffs that have triggered a fall in bitcoin prices (BTC) and other assets. Consequently, the cumulative balance of addresses holding DAI has recently witnessed an…
![Stablecoin supply on cryptocurrency exchanges down 50% in 4 months](https://crypto.news/app/uploads/2023/03/crypto-news-dollar-side-view-trading-chart-background-bright-light-low-poly-style-880x525.jpg)
Markets
Glassnode data on Mar. 26 shows that the stablecoin supply on exchanges has more than halved to less than $24b in four months
![DAI was flawed from the beginning says DeFi founder](https://crypto.news/app/uploads/2023/02/crypto-news-office-day-light-sixties-retro-futuristic-880x525.jpg)
News
Andrey Shevchenko — the founder of decentralized finance (DeFi) protocol Zircon Finance — shared his view that MakerDAO's (MKR) so-called "decentralized stablecoin" DAI's (DAI) introduction of USD Coin (USDC) as collateral was an attempt to plug a hole in a flawed system.
![DeFi protocol Euler Finance suffers a $197m hackÂ](https://crypto.news/app/uploads/2023/02/crypto-news-A-sad-man-in-a-suit-sits-at-the-office-table-graphics-background-dark-tones-sixties-retro-futuristic-illustrat-880x525.jpg)
News
Decentralized finance (DeFi) platform Euler Finance has been targeted in a flash loan attack, losing $197 million worth of DAI stablecoin.
![DAI recovers after severe depeg caused by USDC ripple effect](https://crypto.news/app/uploads/2023/02/crypto-news-coins-flying-lightning-in-the-background-blurry-low-poly-880x525.jpg)
News
MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of USDC, which is pegged to the US dollar,…
![MakerDAO surge following new proposal on stablecoins](https://crypto.news/app/uploads/2023/02/crypto-news-bull-sunset-mountains-cartoon-character-low-880x525.jpg)
News
MakerDAO is insulating itself from the vulnerability to risk associated with stablecoins according to the firm's new proposal.
![MakerDAO wants to build its own ecosystems, analyst claims](https://crypto.news/app/uploads/2022/03/stkMKR_Maker_Staking_and_Tokenomics_Revision-880x525.jpg)
News
The second-largest decentralized finance (DeFi) protocol by total value locked (TVL), MakerDAO, reportedly wants to build its ecosystem