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Home Blockchain

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

by Press Release
March 24, 2023
in Blockchain
0
USDC's 'Black Swan' Depegging Could Have Been Avoided With Proper Regulatory Framework



“Issuer diversification is one of the only immediate risk mitigation strategies MakerDAO can apply quickly in a rapidly deteriorating environment for U.S. regulated issuers and their stablecoin products,” pseudonymous ACREinvest commented early Thursday.



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Tags: depegIssuerMakerDAOPrimaryReserveretainstablecoinUSDCVotes
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