Stablecoin Issuer MakerDAO Allocates $500M for Treasuries, Corporate Bond Investment

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Stablecoin Issuer MakerDAO Allocates $500M for Treasuries, Corporate Bond Investment

The “strategic investment” will be converted from its overcollateralized stablecoin, with 80% going towards U.S. short term Treasuries and the remaining 20% to investment grade corporate bonds. MakerDAO’s community voted in favor of the allocation proposal, which was presented in late June. www.coindesk.com

The “strategic investment” will be converted from its overcollateralized stablecoin, with 80% going towards U.S. short term Treasuries and the remaining 20% to investment grade corporate bonds. MakerDAO’s community voted in favor of the allocation proposal, which was presented in late June.

www.coindesk.com