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

08/12/2022

Less than a minute

2022.08.12 17:34

MakerDAO should 'seriously consider' depegging DAI from USD: Founder
MakerDAO should ‘seriously consider’ depegging DAI from USD: Founder

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

The founder’s comments came in light of the recently announced sanctions on crypto mixer Tornado Cash, noting to MakerDAO’s Discord channel on Aug. 11 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.

Ditching USDC backing

08/12/2022

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