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bitcoin
Bitcoin (BTC) $ 95,237.52
ethereum
Ethereum (ETH) $ 2,677.68
tether
Tether (USDT) $ 0.999849
bnb
BNB (BNB) $ 648.15
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.53
binance-usd
BUSD (BUSD) $ 0.988974
dogecoin
Dogecoin (DOGE) $ 0.250226
cardano
Cardano (ADA) $ 0.739901
solana
Solana (SOL) $ 164.80
matic-network
Polygon (MATIC) $ 0.299561
polkadot
Polkadot (DOT) $ 4.72
tron
TRON (TRX) $ 0.242103
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    MakerDAO votes to maintain USDC as main collateral, rejects ‘diversification’ plan

    Latest News

    MakerDAO, the decentralized autonomous group that governs the Dai (DAI) stablecoin, has voted overwhelmingly to maintain (USDC) as the first collateral for Dai. An alternate proposal to “diversify” collateral into Gemini Greenback (GUSD) and Paxos Greenback (USDP) was rejected in a 20% to 79% vote, based on the proposal’s official web page.

    Vote totals for the proposal to normalize PSM Parameters. Supply: MakerDAO official web site

    Within the proposal posted on March 17, the MakerDAO Danger Core Unit urged that the danger of a cascading financial institution run within the U.S. has been diminished, due to responses from the federal authorities. In consequence, the danger of utilizing USDC as collateral “has declined considerably since final week and additional solvency issues or depegs usually are not anticipated right now.”

    Proceed Studying on Coin Telegraph

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