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DAI highly depends on USDC, ETH and BTC. If there is a bank run on DAI, they have to sell their collateral which leads to price drop in BTC/ETH which will make
by ck_one 4y ago
DAI highly depends on USDC, ETH and BTC. If there is a bank run on DAI, they have to sell their collateral which leads to price drop in BTC/ETH which will make the situation worse. USDC, their other collateral, is controlled by a US company and therefore to some extend by the US government.