RECONCILING THE TWO OPPOSING PATHS FOR DECENTRALIZED STABLECOINS

Summary from the TLDR Crypto newsletter

Maker's DAI stablecoin has been in an awkward position, unable to commit fully to the idea of being a completely decentralized stablecoin or a large-scale, dollar-pegged asset. Maker's Endgame allows these visions to be pursued simultaneously, with DAI being replaced by two stablecoins: NewStable and PureDai. NewStable will focus on utility and adoption, emphasizing decentralization but incorporating RWA and TradFi. PureDai will be collateralized by decentralized assets like ETH, with a free-floating peg, maximally decentralized oracles, and no governance.