Major platform now supports Dai (DAI), according to an official on May 23.
says that the can be purchased and sold, sent and received, and converted or stored in most jurisdictions on its platform, with the exception of , for now.
DAI is designed to maintain a 1:1 value with the U.S. dollar, but is backed collateral on the MKR platform. Both -based MKR and DAI are issued by .
However, DAI has been worth $1 for much of 2019, which has sparked voting sessions from DAO users on raising the stability fee for reclaiming collateral, in an effort to keep the closer to its intended value of $1.
recently that its payment processor, Commerce, will now support the stablecoin USDC. The addition of this stablecoin support will reportedly allow users to receive payments without transaction fees by receiving money in USDC.
In the announcement, also commented that USDC payments circumvent the need for a bank account or geographical limitations.
has also greatly expanded its geographical support for as well as its program Earn, with the former being available in 50 new countries and the latter in over 100 new countries.
According to , giving support in more countries catalyzes the future of world-wide crypto , and stablecoin options could have great impact for some countries in the future:
“For new in countries like and , where consumer prices are expected to inflate by 10–20% in 2020, stablecoins like USDC could provide an opportunity to protect against inflation.”
Published at Fri, 24 May 2019 06:42:18 +0000
