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EthereumToday

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.

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