MakerDAO's Upcoming Stablecoin 'PureDai' to Have 2 Billion Initial Supply
CryptoNewsTerminal Staff17 May, 2024
MakerDAO's Upcoming Stablecoin 'PureDai' to Have 2 Billion Initial Supply
PureDai, the upcoming decentralized stablecoin from MakerDAO, will have an initial supply of 2 billion, according to the project's co-founder, Rune Christensen. The supply will be distributed over five years to farmers on the Ethereum mainnet. PureDai is expected to launch in a couple of years, and its governance token will help align Maker incentives with the stablecoin's development and launch. MakerDAO is a decentralized autonomous organization that manages the DAI stablecoin. DAI is pegged to the US dollar and is backed by a variety of crypto assets. PureDai will be a pure-dollar stablecoin, meaning it will be backed only by the US dollar.
