MakerDAO Proposes Backing Stablecoin with Uranium, Sparking Concerns Over Volatility and Regulation

MakerDAO proposal suggests backing stablecoin DAI with tokenized uranium. Proposal aims to "democratize ownership" of uranium.

Uranium is growing in popularity as nations restart nuclear ambitions for energy.

Proposal involves real nuclear-grade uranium that token holders could theoretically redeem. Minimum redemption is 10 tons of uranium.

Using volatile uranium to back a stablecoin seems risky.

Proposal has sparked skepticism, with some suggesting the "feds" may get involved.