DAI is imminently dead by .gov pulling a Tornado Cash on all the underlying centralized collateral locked up in DAI.
I doubt the U.S. would simply blow up stablecoins. (Unless e.g. the Kremlin is buying Iranian munitions with it and nobody does anything to stop it.) That said, coming regulation will likely require elements of KYC. That could result in enforcement actions or users in back-of-mind countries getting locked out.
All of which sidesteps dollar stablecoins relying on the dollar for their stability, not anything crypto.
My real name is connected to my wallet publicly, I have no issues with KYC for my own wallets.
I still find stable coins useful.
the exchange i use has already KYC'ed me intensively and they know which wallets i use.
>the KYC comes during off ramps back to the fiat system
And here we have your answer. It doesn't. In fact using your own logic, I could argue Tornado Cash is KYC'd 'because at offramp' which of course is absurd.
Now that you've made it crystal clear your use case does not include dai implementing KYC, I return to my thesis: DAI is imminently dead by .gov pulling a Tornado Cash on all the underlying centralized collateral locked up in DAI.
i wonder if there is a /remind me in 5 years feature on hackernews