MakerDAO set to unveil fully decentralised stablecoin

MakerDAO has unveiled PureDai, a decentralised stablecoin operating on Ethereum (CRYPTO:ETH) mainnet with a free-floating peg, revolutionising stability in cryptocurrency.

PureDai, backed by Lido Staked Ether (CRYPTO:STETH), embraces complete decentralisation, diverging from traditional dollar-pegged models.

This initiative reflects MakerDAO's commitment to satisfying diverse user preferences while challenging conventional stablecoin approaches.

PureDai's launch comes amid Dai's rapid expansion, offering stability without compromising decentralisation, poised to reshape the digital finance landscape.

With its innovative design and focus on autonomy, PureDai heralds a new era of stability and decentralisation in the cryptocurrency industry.