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Ether Price Drop Shakes DAI Stablecoin Peg, Two Collateral Contracts Closed

The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it.A decentralized stablecoinEthereum-collateralized decentralized stablecoin DAI managed to maintain its peg to the United States dollar as Ether lost

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