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Crypto Lender MakerDAO Boosts U S Treasury Holdings With $700M Purchase to Strengthen DAI Stablecoin Backing

Crypto Lender MakerDAO Boosts U S Treasury Holdings With $700M Purchase to Strengthen DAI Stablecoin Backing
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Gemini Dollar and Paxos Dollar Holdings Cut as MakerDAO Hikes DAI Savings Rate

The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.

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F|T: The FinTech Times – Stripe looks to enter the credit space

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe.

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MakerDAO Votes to Ditch $500 Million USDP From DAI Stablecoin Reserve

The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP’s total supply.

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

Over 79% of voters approved the option to keep USDC as the protocol’s primary collateral.

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