**MakerDAO’s RWA Strategy: Boosting DAI Demand?**  

MakerDAO’s **RWA integration** (e.g., U.S. Treasuries, private credit) has become a key driver for DAI:  

1. **Demand Growth**:  
   - **Yield-Backing**: RWA collateral (60%+ of DAI’s reserves) generates ~5% yield, attracting holders.  
   - **Institutional Adoption**: Entities like Monetalis and BlockTower use DAI for treasury management.  

2. **Impact**:  
   - **Supply Stability**: DAI’s circulation rebounded to $5B+ in 2024 after RWA scaling.  
   - **Peg Strength**: RWA-backed liquidity reduces reliance on volatile crypto collateral.  

**Risks**:  
   - Regulatory scrutiny over centralized RWA exposure (e.g., Treasury bonds).  
   - Competition from yield-bearing stablecoins (GHO, sDAI).  

**Verdict**: RWAs **solidify DAI’s utility** beyond DeFi, but long-term success hinges on compliance and diversification.  

*(Word count: 140)*