The Alameda-linked tokenized Bitcoin asset will no longer be used to back DAI.
The crypto community credited Mushegian for having rescued MakerDAO from certain doom through a code audit six years ago.
Like other stablecoins issuers, the DAO is transitioning its reserves towards reliable government debt.
Circle and Binance are moving their pieces to win the stablecoin race. Gemini doesn't want to be left behind.
Users will not have to pay any fees on the position to Maker.
While bullish for Ethereum, Vitalik Buterin called the potential conversion a “terrible idea.”
Celsius has freed up roughly $450M worth of BTC after paying off its over-collateralized loans to Maker.
The crypto lender's liquidation price has plunged below $3,000, according to data.
Currently, DAI is the fifth-largest stablecoin by market capitalization. Tether (USDT) may have continued to be the market leader after all…
DeFi keeps booming as Binance's DeFi Composite Index sees a new all-time high record while the TVL eyes $25 billion.