#BigTechStablecoin

🚨 DAI in alert: decentralized stablecoin faces challenges with the rise of USDe!

DAI, known for its decentralized nature and widely used in DeFi applications, is facing stiff competition. The USDe stablecoin from Ethena has recently surpassed DAI, becoming the third largest stablecoin in the market. This rise is attributed to the double-digit staking yields offered by USDe, attracting billions in inflows.

Moreover, DAI has been facing internal challenges. The significant reliance on USDC as collateral raises concerns about DAI's stability, especially if USDC loses its peg or faces restrictions.

💬 What do you think about this movement in the stablecoin market? Will DAI's decentralization be enough to keep it competitive? Share your opinion in the comments!