Dai is a cryptocurrency that automatically reacts to emergent market conditions in order to stabilize its value against the major world currencies. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
Coinbase Adds More Ethereum Cryptos: Golem, Maker, Zilliqa, Dai
Today, Coinbase has added four new Ethereum ERC20 tokens to Coinbase Pro: Golem, Maker, Zilliqa, and Dai.
Breaking the Peg: Every Stablecoin Has Its Points of Failure
In the year of bear markets and curbed enthusiasm, stablecoins have emerged as the asset class with which many of the crypto community associate high hopes for the long-anticipated mass adoption.
Crypto Custodian BitGo Adds New Stablecoins in Bid to Woo Institutions
BitGo has added support for its 101st asset as the crypto custody startup works to offer a wide spectrum of services for institutional investors.
Andressen Horowitz Invests $15 Million into Stablecoin Company MakerDAO
On Sept. 24, Andreessen Horowitz announced a $15 million investment in cryptocurrency startup MakerDAO, which issues the Ethereum-based stablecoin Dai.
Andreessen Horowitz Invests $15 Million in Stablecoin Firm MakerDAO
American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO, according to an announcement published September 24.MakerDAO is the firm which stands behind Ethereum-based stablecoin Dai and its accompanying decentralized credit system.
MakerDAO Pilots Stablecoin With TradeShift to Speed Up Payments
MakerDao, the blockchain startup behind the ERC-20 based stablecoin DAI, announced it has started a pilot program with the supply chain management startup Tradeshift to speed up the payment process for small businesses via blockchain.
ConsenSys, MakerDAO and Dether Launch Bifrost, a Project to Help Aid Groups In Conflict Zones
ConsenSys, MakerDAO, and Dether joined forces to launch Bifrost.