DAI Surpassed 100 Million Coins Issued

Maker DAO has grown the popularity of its DAI stablecoin, even before the issuance of multi-collateral DAI. The current asset, which from November 18 will be known as SAI, has surpassed 100 million coins issued.

The absolute record of DAI issuance was reached after a few weeks of highly active issuance. After some turbulence in late October, where the DAI count even shrank to 79 million, confidence returned as (ETH) prices stabilized.

The ETH staked in the Maker smart contract is now inching up to above 1.76 million, with DappRadar data showing above 2.2 million ETH locked.

The 100 million milestone was also the “debt ceiling” for DAI issuance…

This article appeared first on Cryptovest

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