MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for
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Gains Network Joins Atlantean Embassy and Partners with Fluidity Money
We’re thrilled to announce that Gains Network is joining the Atlantean Embassy and forming a strategic partnership with Fluidity Money… Continue reading on Medium »
Read moreThe US Fed adds $297 Billion In A Week, Fanning Bitcoin Rally
The total amount of assets held by United States Federal Reserve (Fed) banks is up 3.56% in the past week, rising to $8.639 trillion from
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MakerDAO passes proposal for $750M increase in US Treasury investments
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure.
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Debtors saved over $100M using de-pegged stablecoins to repay loans
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar.
Read moreHow MakerDAO Intervened, Saving DAI From Depegging
MakerDAO, the protocol behind the decentralized stablecoin DAI, intervened and saved its stablecoin from de-pegging following the collapse of Silicon Valley Bank (SVB). The failure
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