The Maker project, recently renamed Sky, has introduced a new version of the Dai (DAI) stablecoin called USDS. This new token features code that allows the issuer to lock users’ assets, a feature also present in major stablecoins such as USDC and Tether (USDT). This ability contradicts the decentralization principles developed by MakerDao and has sparked negative reactions from many DeFi enthusiasts. Dao Maker’s co-founder confirmed the existence of this feature, but explained that it will not be active when the token launches next month. He also stressed that the upgrade to USDS is optional and that only USDS will have freezing capabilities. Some analysts believe that these concerns are overblown and that this feature is necessary to increase the adoption of a stablecoin partially backed by US Treasury securities.
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