Compound Founder claims 'adverse market conditions' caused DAI liquidation

2020-11-28 22:30

Thanksgiving was an eventful day in terms of the overall market movement, as Bitcoin dropped to $16k levels, witnessing its largest single-day drop since March 12, 2020. Over $1.3 billion was liquiThe post Compound Founder claims 'adverse market conditions' caused DAI liquidation appeared first on AMBCrypto.

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As the market capitalization of USDT and USDC keeps rising, recent asset freezes underline their inherent risks. Will these incidents cause more investors to turn to decentralized stablecoins, such as DAI and the stakable USDN? Since the start of June, Tether’s market cap has grown by 13%, and that of USDC Coin has finally crossed the $1bn mark.

2020-7-31 16:06


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