MakerDAO Introduces Two New Stablecoins
May 26, 2024
MakerDAO has introduced two new stablecoins, NewStable and PureDAI, created to eventually replace DAI. NewStable will be backed by real-world assets and designed to generate yield, with the capability to be frozen if necessary. In contrast, PureDAI will be a fully decentralized, over-collateralized stablecoin supported solely by ETH and staked ETH, which resembles an algorithmic solution.
