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Cryptopolitan 2019-12-08 19:22:56

Stablecoin DAI will be pegged to more fiats than just USD

Stablecoin DAI, a multi-collateral launched recently by MakerDAO will be pegged to multiple currencies instead of just the USD. It has the rare distinction of being supported by the both Basic Attention Token (BAT) of Brave as well as Ethereum. This multi-collateral has delivered significant success since the total number of DAI now closes towards fifty million (50M) mark. Rune Christensen, the founder of MakerDAO, mentioned how he is pegging his stablecoin DAO to currencies other than the mighty USD. He does agree that DAI-USD pegging is great for the overall stability and maintaining a healthy ecosystem of altcoins. Stablecoin

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