Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the decentralized stablecoin DAI’s market capitalization has also swelled significantly as DAI’s market valuation jumped more than 800% during the last 12 months, increasing from $696 million to $6.3 billion today. Makerdao’s Stablecoin Rises 800% Since September 2020 On Saturday, September 18, 2021, there’s approximately $127.29 billion worth of stablecoins and they currently command $62 billion worth of today’s trade volume. There is no doubt that stablecoins have become huge over the last three years and news outlets and research studies often refer to tether’s (USDT) massive growth . The thing about tether ( USDT ) is that there are humans calling the shots when it comes to the stablecoin project’s operations. The stablecoin DAI, on the other hand, is operated by the Makerdao project which
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