MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan

by Aurelia Butler 25 March 2023, 23:20 169 Views

In the proposal posted on March 17, the MakerDAO Risk Core Unit suggested that the risk of a cascading bank run in the U.S. has been reduced, thanks to responses from the federal government. As a result, the risk of using USDC as collateral “has declined significantly since last week and further solvency concerns or depegs are not expected at this time.”

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Source: Cryptocurrency - investing.com

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MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan

Animoca denies reports of $200M cut to metaverse fund and valuation drop to $2B

China’s richest county suffers export slump as US tension hits factories

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