MakerDAO, a decentralized autonomous group that runs Dai (DAI) stablecoin, overwhelmingly voted to remain (USDC) as Dai’s principal collateral. An alternate proposal was made to “diversify” the collateral into the Gemini Greenback (GUSD) and the Paxos Greenback (USDP). Rejected 20% to 79% of votes, in accordance with the official provide web page.
March 17 within the revealed providing, MakerDAO’s danger core part advised that the federal authorities’s responses have decreased the chance of a cascading financial institution run within the US. In consequence, the chance of utilizing USDC as collateral has “decreased considerably since final week, so solvency points usually are not anticipated to emerge or decline at the moment.”
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