What Is a DAO and How Does It Relate to Decentralized Stablecoin Governance?
A DAO (Decentralized Autonomous Organization) is an organization represented by rules encoded as a transparent computer program, controlled by its members, and not influenced by a central government. In stablecoin governance, the DAO's token holders vote on key parameters, such as collateral types, stability fees, and, crucially, the approval of mint and burn operations.