Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.

The founder of MakerDAO, Rune Christensen, said he believes that the DAI stablecoin is due for a rebrand.

The collapse of Silicon Valley Bank (SVB) affected, among others, the USDC’s reserves and this “blue-chip” stablecoin has lost its peg to the dollar. Ironically, the only decentralized unicorn stablecoin project, MakerDAO is now in trouble due to its “reinforcing” USDC-backed component.

Paxos will increase the share of its USDP stablecoin in Maker's DAI Peg Stability Module (PSM). To facilitate this Paxos will transfer MakerDAO 45% of the income it gets from its own reserves on the deposited coins.

MakerDAO Management unanimously voted to withdraw the RENBTC-A pledge.

Rune Christensen, co-founder of MakerDAO suggested that the cancellation of the DAI binding from the dollar is the only sure way to…

Stablecoin Tether continues to get rid of commercial securities, following its plan. And Maker DAO redistributes the reserves of the stable…