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$0.01165 1.2 billion AUSD Acala Network Asia Australia Bitcoin Blockchain Canada Comeback Crash Crypto DAI Depeg Europe Launch Markets Merge Mining Minting News polkadot Rates Security Spain Stablecoin Stablecoins Trading United States USD parity USDC USDT UST USTC

Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was […]

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Asia Australia Bitcoin Blockchain Canada Comeback Crash Crypto DAI dao Europe Launch MakerDAO Markets Merge Mining Minting Rates Rune Chirstensen Security Spain Stablecoins Trading United States

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

In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC. 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). […]