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MakerDAO to Place $1.6 Billion USDC in Coinbase Prime
Summary: According to CoinDesk, the community of crypto lender MakerDAO has approved a proposal to place $1.6 billion in USDC with crypto exchange Coinbase Prime at a 1.5% interest rate. Senhaji, growth and business development lead at MakerDAO, said in a statement this is a signal of the company’s intent to increasingly invest in short-term bonds. ...
According to CoinDesk, the community of crypto lender MakerDAO has approved a proposal to place $1.6 billion in USDC with crypto exchange Coinbase Prime at a 1.5% interest rate.
Senhaji, growth and business development lead at MakerDAO, said in a statement this is a signal of the company’s intent to increasingly invest in short-term bonds.
88% of the community were in favor of the proposal.
Author: Katie Lin
Tags: Coinbase,Coinbase Prime,MakerDAO
Link: MakerDAO to Place $1.6 Billion USDC in Coinbase Prime [Copy]
