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Your seem uninformed. Dai is backed by USDC.

Last I heard, Dai was backed over-collateralized crypto, like ETH. Even Coinbase says so:

> Unlike centralized stablecoins, DAI isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform.

https://help.coinbase.com/en/coinbase/trading-and-funding/cr...

You should take a look at the breakdown... USDC is such a large portion of Dai backing (62%) that it's deemed an existential risk. They're working on reducing the reliance though with more stablecoins and more collateral classes.

https://share.streamlit.io/tadzz/maker_dai_collateralization...

The comment I replied to implied that Maker and USDC are connected beyond USDC being one of many collateral currencies for DAO, which I don't believe is the case, but feel free to correct me if I'm indeed uninformed.

edit: From someone above https://share.streamlit.io/tadzz/maker_dai_collateralization...

Each DAI is over collateralized, and backed by more ETH than USDC.

Reply on news.ycombinator.com