MakerDAO should 'seriously consider' depegging DAI from USD: Founder
Cointelegraph
Published Aug 11, 2022 10:36PM ET
Updated Aug 12, 2022 12:40AM ET
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.
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Written By: Cointelegraph
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