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MakerDAO Governance Approves USDC Stablecoin As Collateral

Roland James

Summary: the USD Coin (USDC) stablecoin has been approved by the MakerDAO governance to be the third collateral type accepted in the Maker Protocol, according to a community post on March 17. MakerDAO held an extraordinary executive vote outside of the usual weekly schedule, with the aim of immediately improving Dai (DAI) liquidity following last week’s market instability. ...

the USD Coin (USDC) stablecoin has been approved by the MakerDAO governance to be the third collateral type accepted in the Maker Protocol, according to a community post on March 17.

MakerDAO held an extraordinary executive vote outside of the usual weekly schedule, with the aim of immediately improving Dai (DAI) liquidity following last week’s market instability.

 By Roland James

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