Why Coinbase Is Taking Custody Of $1.6B Worth Of USDC From MakerDAO
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.
Timeline of Maker, Usd-coin
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.
Reasons Maker [MKR] could slip below the $900 level in the next few days - AMBCrypto
Maker DAO's MKR token was among the best performers in the last four weeks. Its bulls have dominated during this time but multiple factors currently suggest that they might be about to take a break.
A16z Doesn't Support Plan to Break Up DeFi Giant MakerDAO - Coindesk
MakerDAO, one of the largest decentralized protocols, is in the middle of a makeover. Rifts have emerged between investors and founders as they offer competing plans for making the protocol more decentralized and try to drive growth.
Maker's 7% gains may turn to losses if these MKR metrics follow the same route - AMBCrypto
Maker [MKR] recently registered a promising uptick as its value increased by 7% in the last week. At press time, MKR was trading at $1,004 with a market capitalization of $959,766,006.
USDC trading now available on the Kinesis Exchange - Crypto Daily
London, United Kingdom, 17th October, 2022, Chainwire Kinesis, the world's leading gold and silver-based monetary system, has listed the FIAT-based stablecoin, USD Coin (USDC) on the Kinesis Exchange. USDC, is the fourth-largest cryptocurrency by market capitalization and the second-largest USD stablecoin in the cryptocurrency industry, with over 49 billion USDC tokens currently in circulation.
MakerDAO: Can these developments maintain MKR's ongoing green streak - AMBCrypto
MakerDAO was seen witnessing some dominance in the DeFI market as of 15 October. And one of the reasons for this development could be the constant introduction of new proposals to improve the protocol on the whole.
