Coinbase Partners With MakerDAO for Institutional USDC Rewards Program
The top US crypto exchange Coinbase is partnering with MakerDAO in a custody deal nearly doubling the exchange's US Dollar Coin (USDC) holdings. Under the agreement, MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI, will deposit up to $1.6 billion of its USDC holdings with Coinbase Prime.
Timeline of Maker, Usd-coin
MakerDAO forges forward with its investment diversification, details inside - AMBCrypto
A proposal to deposit up to $1.6 billion in USD Coin (USDC) with Coinbase Prime, where it will earn 1.5%, has been authorized by the MakerDAO community. After Coinbase Institutional presented the proposal on 6 September, it was approved with 75% of the votes on 24 October.
Within the past 30 days, USDC lost 20% of its market capitalization - Bitcoinworld
Since the Tornado Cash affair, Circle's USDC stablecoin's market valuation has fallen precipitously. The market capitalization of USD Coin (USDC), which fell from $53.3 billion to just under $43.9 billion during the previous month, has decreased by almost 20%.
MakerDAO ‘Endgame Plan' Passed in a Vote Where Founder Had 60% Influence - BeInCrypto
MakerDAO (MKR) members voted in favor of founder Rune Christensen's "Endgame Plan" by an overwhelming majority of 80%. The post MakerDAO ‘Endgame Plan' Passed in a Vote Where Founder Had 60% Influence appeared first on BeInCrypto.
MakerDAO MKR community approves ‘endgame' proposal - CryptoSlate
MakerDAO's (MKR) Endgame proposal was overwhelmingly passed by the community, with around 80% of the votes in support. The post MakerDAO MKR community approves ‘endgame' proposal appeared first on CryptoSlate.
Why Coinbase Is Taking Custody Of $1.6B Worth Of USDC From MakerDAO - Benzinga
MakerDAO, the community behind the DAI (CRYPTO: DAI) stablecoin, just passed two Maker Improvement Proposals, MIP 81 and MIP 82. What Happened: The MIP 81 will send $1.6 billion worth of MakerDAO's USDC to Coinbase Global Inc (NASDAQ: COIN), for its institutional rewards pilot program.
MakerDAO approves custody of $1.6 billion USDC via Coinbase Prime - Invezz
The MakerDAO community has approved a proposal that will see the crypto protocol custody as much as $1.6 billion USD Coin (USDC) with cryptocurrency exchange Coinbase. The USDC will be held via Coinbase's institutional custody platform Coinbase Prime, and offer a yield of 1.
Coinbase to custody up to $1.6B USDC for MakerDAO - CryptoSlate
The MakerDAO community has approved a proposal by Coinbase to custody up to $1.6 billion USDC with the Prime reward program. The post Coinbase to custody up to $1.6B USDC for MakerDAO appeared first on CryptoSlate.
MakerDAO moves ahead with $1.6 billion in Coinbase custody - The Block
The MakerDAO community ratified proposals to custody $1.6 billion USDC with Coinbase and lend the exchange $500 million additional USDC. The post MakerDAO moves ahead with $1.6 billion in Coinbase custody appeared first on The Block.
Coinbase Looking Outside the US To Grow USDC Stablecoin - BeInCrypto
Coinbase has announced commission-free trading for those who buy USDC with non-USD fiat currency in a bid to increase its use outside the United States. The post Coinbase Looking Outside the US To Grow USDC Stablecoin appeared first on BeInCrypto.
Coinbase Boosts USDC Access - CrowdFundInsider
In a move to support the adoption of USDC, the Circle issued dollar-based stablecoin, Coinbase (NASDAQ:COIN) has waived commission fees when buying or selling USDC via any fiat currency on Coinbase, “from AUD to ZAR.
