MakerDAO should 'seriously consider' removing DAI from USD: Founder

In light of the recent Tornado Cash debacle and frozen USDC addresses, MakerDAO founder Rune Christensen hopes to keep USDC's DAI Guarantee.

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MakerDAO founder Rune Chirstensen urged members of the Decentralized Autonomous Organization (DAO) to “seriously consider” preparing for the withdrawal of his stablecoin DAI from the United States Dollar (USD).

The founder's comments came in light of recently announced sanctions against crypto mixer Tornado Cash, noting to MakerDAO's Discord channel on August 11 that the sanctions are "unfortunately more serious than I originally thought" , adding that they should prepare to drop its USD-native stablecoin DAI to avoid any risk from Circle's recent freeze of sanctioned USD Coin (USDC) addresses.

“I think we should seriously consider preparing to exit the USD. It is almost inevitable that this will happen and it is only realistic to do so with huge amounts of preparation.” < /p>

On August 8, the United States Office of Foreign Asset Control (OFAC) officially banned residents from using the Tornado Cash protocol, while placing 44 USDC addresses linked to the platform on its list of specially designated nationals. designated.

Following the ruling, USDC Circle issuers froze $75,000 of the stablecoin linked to the 44 sanctioned addresses.

rune: we should seriously consider withdrawing from USD pic.twitter.com/HBMrPH7LrW

– banteg (@bantg)