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DAI stablecoin recorded growth rate of approximately 20% per month in 2019, claims Maker Dao report

Since the start of 2019, stablecoins have found a new level of importance following the involvement of major financial and non-financial institutions such as JP Morgan Chase and Facebook.


Justin Sun, CEO of TRON Foundation, had also spoken highly about the significance of stablecoins on various occasions and despite the Tether-Bitfinex fiasco, the popularity of stablecoins has failed to drop significantly.


Now, according to a report released by MakerDao, the stablecoin Dai, has exhibited consistent growth on the Ethereum ecosystem. Between February and June 2019, Ethereum developers have added new Dai integrations, each of which have assisted Dai use-cases in gaining the attention of the larger crypto-community.

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