DAI-stressed MakerDAO struggles as users look toward other stablecoins

MakerDAO has seen a decline in TVL, DAI’s supply, and annualized fee income in the last week. MKR shed 25% of its value during the same period. While its DAI stablecoin regained its parity with the U.S. dollar last week, increased uncertainty as to whether a further de-pegging should be expected resulted in a decline