In the aftermath of the Treasury Department’s stunning decision Monday to ban Ethereum coin mixing tool Tornado Cash, many crypto industry leadwalletsers are reconsidering their exposure to centralized resources and products within the American government’s reach.
Add to that growing list blue chip DeFi protocol MakerDAO. This morning, MakerDAO’s founder, Rune Christensen, announced via Discord that the organization will be entertaining discussions about whether to depeg its native, decentralized stablecoin, DAI, from USDC—a dollar-pegged stablecoin issued by payments company Circle.
“I think we should seriously consider preparing to depeg from USD,” Christensen announced via the MakerDAO Discord earlier today. “It is almost inevitable it will happen and it is only realistic to do with huge amounts of preparation.”
The policy reconsideration is a reaction to Circle’s decision earlier in the week to blacklist 38 wallets sanctioned in connection to the Tornado Cash ban. Circle froze...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...