News Explorer — MakerDAO Founder Proposes Rebranding DAI Stablecoin

Generated by AI, curated by humans

Mar 9, 8:14 pm

Coindesk

MakerDAO Founder Proposes Rebranding DAI Stablecoin

MakerDAO's DAI stablecoin could be due for a makeover, according to Rune Christensen, the founder of Ethereum's MakerDAO. He suggested that the token should be rebranded to be more understandable for "normal people" and that it should have USD in its name to imply a peg to the dollar. Christensen also proposed a complete rebrand of MakerDAO and DAI to make it more approachable and position it as a currency that users can generate yield with.

MakerDAO's DAI stablecoin could be due for a makeover, according to Rune Christensen, the founder of Ethereum's MakerDAO. He suggested that the token should be rebranded to be more understandable for "normal people" and that it should have USD in its name to imply a peg to the dollar. Christensen also proposed a complete rebrand of MakerDAO and DAI to make it more approachable and position it as a currency that users can generate yield with.

Latest

Jan 15, 6:06 am

Decrypt

Senate Banking Committee Delay Markup of Crypto Market Structure Bill

The Senate Banking Committee has postponed the markup of the bipartisan crypto market structure bill, adding to earlier... Read Summary

Jan 15, 4:59 am

Decrypt

Manhattan DA Urges Lawmakers to Criminalize Unlicensed Crypto Operations

Manhattan District Attorney Alvin Bragg emphasized the need to criminalize unlicensed crypto operations due to a thrivin... Read Summary

Jan 15, 3:07 am

Decrypt

TD Cowen Adjusts Strategy's Price Target Even as Bitcoin Purchases Soar

TD Cowen lowered its price target on Michael Saylor’s Strategy (Nasdaq: MSTR) to $440 from $500 due to near-term pressur... Read Summary

Jan 14, 10:06 pm

Decrypt

Coinbase Pulls Support for Crypto Market Bill, Poses Tension Over Stablecoin Yield Restrictions

Coinbase, a major player in the crypto industry, has withdrawn its support for the market structure bill just before a c... Read Summary

Jan 14, 6:48 pm

Coindesk

Figure's New Public Equity Network Enables On-Chain Issuance

Figure, a fintech firm led by SoFi founder Mike Cagney, has launched the On-Chain Public Equity Network (OPEN) for issui... Read Summary

Jan 14, 6:04 pm

Decrypt

Zcash Avoids SEC Action as Foundation Says Investigation Is Finished

The Zcash Foundation announced that the U.S. SEC has concluded an investigation without recommending enforcement action.... Read Summary

Jan 14, 5:16 pm

Coindesk

FTX Is About to Make Another Round of Payments—Here's When

FTX's bankruptcy estate plans to make its next payment to creditors on March 31, following an amendment to reduce disput... Read Summary

Jan 14, 4:58 pm

Decrypt

Ripple Acquires License From Luxembourg as European Expansion Continues

Ripple has obtained preliminary approval for an Electronic Money Institution license from Luxembourg's CSSF, following a... Read Summary

Jan 14, 4:30 pm

bitcoinmagazine.com

Human Rights Foundation Awards Nearly $1.3 Million in Bitcoin to Projects

The Human Rights Foundation (HRF) has allocated 1.3 billion satoshis to 22 global projects supporting financial freedom... Read Summary

Jan 14, 4:11 pm

Decrypt

Bitwise Launches Chainlink ETF as LINK Hits Highest Price in a Month

Bitwise Asset Management introduced the Bitwise Chainlink ETF on NYSE Arca, the second LINK-based spot ETF in the U.S. C... Read Summary

Jan 14, 4:01 pm

DL News

3 Reasons Why Bitcoin Could 'Go Substantially Higher': Bitwise

Bitcoin is predicted to reach new all-time highs in 2026 by Bitwise CIO Matt Hougan, contingent on avoiding flash crashe... Read Summary

Jan 14, 3:47 pm

Decrypt

Pakistan Teams With World Liberty Financial to Explore Stablecoins Remittances

Pakistan's Ministry of Finance has signed an MOU with World Liberty Financial's affiliate to explore digital finance inn... Read Summary

Jan 14, 3:36 pm

Decrypt

Bitcoin Spikes Above $97K, Pushing Crypto Liquidations Near $800 Million

Bitcoin's price surge has led to the liquidation of nearly $700 million in short positions over the past 24 hours. Ether... Read Summary

Jan 14, 2:00 pm

Coindesk

Algorand Foundation Relocates to the US, Appoints New Board

The Algorand Foundation announced its relocation to the United States from Singapore, with a new board of directors appo... Read Summary

Jan 14, 1:46 pm

Decrypt

Financial Advisors Are Now Allocating to Crypto at Record Levels

Survey data reveals financial advisors are increasingly recommending and personally investing in crypto, with allocation... Read Summary