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Here’s the latest on DAI (DAI) relative to Tether (USDT) / USD:
DAI is currently trading at about $0.9997 USD, nearly pegged to 1 USD.
In USDT terms (since USDT ≈ 1 USD), the DAI/USDT rate is effectively ≈ 1.0008 USDT per DAI.
The system is functioning as designed: DAI is a stablecoin meant to hold ~$1.00 value.
#DailyTrade
#MarkketPullback
#NewsAboutCrypto
#DAIUSDT
$D
DAI is currently trading at about $0.9997 USD, nearly pegged to 1 USD.
In USDT terms (since USDT ≈ 1 USD), the DAI/USDT rate is effectively ≈ 1.0008 USDT per DAI.
The system is functioning as designed: DAI is a stablecoin meant to hold ~$1.00 value.
#DailyTrade
#MarkketPullback
#NewsAboutCrypto
#DAIUSDT
$D
Stablecoin Legislation and Its Impact on the DAIUSDT Pair
The new stablecoin legislation in the United States represents a significant step toward regulating digital assets with fixed value. The legislation stipulates that issuers of stablecoins must be registered under the supervision of financial authorities, and ensures that the currency is backed by real, redeemable assets in dollars. While the project focuses on coins like USDT and USDC, decentralized stablecoins like DAI have been indirectly affected. The DAIUSDT pair has experienced relative stability at the 1.00 level with minor fluctuations, however, traders' concerns over the possibility of additional restrictions on non-centrally backed currencies may impact market confidence. Nevertheless, DAI remains a popular choice in DeFi communities seeking financial independence.
37877124376
The new stablecoin legislation in the United States represents a significant step toward regulating digital assets with fixed value. The legislation stipulates that issuers of stablecoins must be registered under the supervision of financial authorities, and ensures that the currency is backed by real, redeemable assets in dollars. While the project focuses on coins like USDT and USDC, decentralized stablecoins like DAI have been indirectly affected. The DAIUSDT pair has experienced relative stability at the 1.00 level with minor fluctuations, however, traders' concerns over the possibility of additional restrictions on non-centrally backed currencies may impact market confidence. Nevertheless, DAI remains a popular choice in DeFi communities seeking financial independence.
37877124376
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