USDai will expand its Ethereum minting capacity by $250 million, with newly minted stablecoins and their staked versions distributed to the Base Layer-2 network.
According to an official announcement, USDai will raise its minting limit by $250 million at 1:00 a.m. CST on Nov. 20. Minting will occur on the Ethereum mainnet, producing USDai and staked sUSDai tokens. The newly created assets will be distributed to the Base Layer-2 network, part of USDai's strategy to enhance scalability, reduce transaction costs, and increase accessibility for users.