CryptoNews: MakerDAO has completed the acquisition of an additional $700 million worth of US treasuries, bringing its total stablecoin reserves to $1.2 billion. 🤓
, has completed the acquisition of an additional $700 million worth of US treasuries, bringing its total stablecoin reserves to $1.2 billion.to increase the debt ceiling for MIP65 from $500 million to $1.25 billion to take advantage of the existing yield environment. This is expected to deliver an annualized yield of 4.5%. of $8.4 billion, and short-term treasuries are 14.8% of its existing collateral.
The onboarding of a new real world asset vault by crypto asset manager BlockTower was just approved by the community. This could lead to a potential US treasury purchase of up to $1.28 billion in the future. Voting members also supported withdrawing $390 million in Gemini Dollars and $500 million in Paxos Dollars from the reserve in order to invest in higher-yielding assets.Related Articles
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