MakerDAO should ‘seriously consider’ depegging DAI from USD — Founder

2022.08.13 22:01

MakerDAO founder Rune Christensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its Dai (DAI) stablecoin from the United States dollar.

The founder’s comments came in light of the recently announced sanctions on crypto mixer Tornado Cash, noting to MakerDAO’s Discord channel on Thursday that the sanctions are “unfortunately more serious than I first thought,” adding that they should prepare to depeg its native stablecoin DAI from the USD to avoid any risk’s, relating to Circle’s recent freezing of sanctioned USD Coin (USDC) addresses:

MakerDAO should ‘seriously consider’ depegging DAI from USD — Founder