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2026-01-16 ·  11 days ago
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  • Trojan Billions: Tether's Covert Move to Become MakerDAO's New Master.

    The stablecoin wars have entered a new, paradoxical phase. In a move that has left many in the crypto community scratching their heads, Tether—the undisputed, controversial king of stablecoins—has quietly placed a massive bet on its competition.

    Through a series of strategic transactions, Tether has accumulated a staggering $100 million position in DAI, the decentralized stablecoin issued by MakerDAO. On the surface, this looks like a corporation simply parking its cash in a yield-bearing asset.

    But in the cutthroat arena of crypto, nothing is that simple. This is a chess move, not a savings account.




    I see this as one of the most fascinating and potentially manipulative plays in recent memory. Is Tether, with its opaque reserves and constant regulatory scrutiny, genuinely trying to diversify its own treasury in a  decentralized way?

    Or is this a calculated power grab, a way to slowly become a central pillar in the DAI ecosystem and exert influence over its governance from the inside? By becoming one of the largest holders of DAI,

    Tether positions itself to potentially sway critical votes on collateral types or stability fees. This isn't just an investment; it's an infiltration. So, are we watching a brilliant, long-term strategy to co-opt the competition under the guise of support? Or is this the moment the decentralized purist dream of DAI finally gets corrupted by the very centralized giant it was meant to replace?

    Rachmat85  · 2025-11-18 ·  2 months ago
    20 20665
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