Stablecoin Issuers Communicate Out as UST Craters

Since Terra started blowing up, DAI, a five-year-old overcollateralized stablecoin overseen by the MakerDAO group, has held its peg and carried out liquidations of collateral in an orderly style, which has been “an important take a look at of the system,” stated Luca Prosperi, a frontrunner on lending oversight at MakerDAO.

Leave a Reply

Your email address will not be published.

Back to top button